Category: Financial Services

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NEWS: Cooperation with FIUs not systematic ‘and continued to be largely ineffective in most Member States’ – EBA 2022 Report

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Spain lists Gibraltar and the Falkland Islands as money laundering havens

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Santander bets on exporters to boost its UK banking business

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INSIGHT: Dubai is the new Panama, why Malta and Cyprus hold the EU’s dirty secrets and how Vladimir Putin’s billions in assets could be exposed

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NEWS: Updated tech will help financial services ‘reduce noise in system’ and focus on truly nefarious activities – AML RightSource chief

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INSIGHT: Fintech leaders from Stripe and Revolut say ‘threshold crossed’ in use of AI to fight financial crime

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NEWS: Fast fashion retailer Shein to hire AML and Compliance executive in face of regulatory oversight in US expansion

NEWS: Euro AFC Summit 2023 hailed as ‘event of the year’ by ex FATF president Marcus Pleyer

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NEWS: EU new AML Authority (AMLA) is ‘hotly sought after agency’ that will attract ‘clustering’ of companies, says Eurogroup President

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NEWS: Banks need to be looking for wins rather than draws in fight against criminals, top MLRO tells ‘Euro AFC 2023’

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INSIGHT: ‘Preventing Financial Crime in a Rapidly Changing Environment’ – address of Central Bank of Ireland Enforcement chief Seana Cunningham

EXCLUSIVE: From Russia with gold: UAE cashes in as sanctions bite

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AMLA finalises common formats for FIU cooperation and reporting to the EPPO
AMLA
July 3, 2026
Better reporting to the EPPO
Two of the standards set a single format for reporting to the EPPO, the body that investigates and prosecutes crimes against the EU's financial interests. One covers how FIUs report the results of their own analyses, the other how AMLA reports joint analyses. A shared, machine-readable template will allow the EPPO to receive complete, comparable information it can process automatically.
MAS Partners Industry to develop Safeguards for AI Agents in Finance
MAS
July 3, 2026
Singapore, 3 July 2026… The Monetary Authority of Singapore (MAS), together with leading financial institutions and FinTechs, today published an industry white paper on developing safeguards for AI agents in Finance. Titled “Safeguards for Agentic Finance at Runtime (SAFR) ”, the paper proposes an industry-developed framework that enables AI agents in financial services to carry out financial tasks safely, securely and reliably. SAFR is developed under MAS’ BuildFin.ai^[1] initiative, which supports the responsible development and deployment of AI solutions in the financial sector.
AUSTRAC finalises enforceable undertaking with Sportsbet
Austrac
July 3, 2026
AUSTRAC has finalised its enforceable undertaking with Sportsbet Pty Ltd (Sportsbet) after the company addressed serious deficiencies in its anti-money laundering and counter-terrorism financing (AML/CTF) controls. AUSTRAC CEO Brendan Thomas said the outcome reinforces AUSTRAC’s expectation that reporting entities take immediate and sustained action to meet their legal obligations. “When AUSTRAC identifies systemic weaknesses in a reporting entity’s AML/CTF controls, we will take enforcement action to ensure those issues are addressed,” he said. “Sportsbet was required to undertake significant remediation to uplift its systems, controls and governance. AUSTRAC is now satisfied those requirements have been met.