Category: Financial Services

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BNP Paribas wants Sudan conflict lawsuit dismissed, claims bank ‘too far removed’ from atrocities to bear full responsibility

OPINION: Why Europe’s new AML agency agreed by Finance Ministers this week must be a standalone agency independent of the EBA

EU market watchdog finds key flaws in German supervisors’ Wirecard performance

Centralised supervision of AML and terrorist financing by EU

INSIGHT: Major breakthrough in EU as the bloc’s finance ministers pave the way for a central supervisor and single rule book for AML & CFT

Brazilian president;s son caught in a laundering investigation

Son of Brazilian President charged in connection with laundering scam

Hong Kong government wants licences for all providers of virtual asset services

Singapore to stop producing one of the world’s most powerful banknotes

Georgia’s AML efforts are inadequate; casinos and ‘fictitious’ companies need supervision, MONEYVAL report finds

US Treasury warns artwork is a pathway around sanctions; urges galleries, museums and other traders to be vigilant

‘New technology can help us to be smarter and more effective,’ says FATF President as he hails public-private coalitions.

Singapore considers new AML laws to tighten country’s oversight of virtual asset movement

Dutch couple to serve two years in prison in multi-million crypto laundering case

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Treasury Further Dismantles Iranian Financier Zanjani’s Network
US Department of the Treasury
July 24, 2026
WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designatedfour individuals and nine entities that form key components of Babak Zanjani (Zanjani)’s broader Iranian sanctions evasion network. Zanjani has leveraged a diverse portfolio—including financial services, gold and precious gem production, digital asset trading, and major transportation and infrastructure projects—to obscure ownership, launder revenue, and expand his capacity to move funds covertly through Iran and offshore.
FinCEN Issues Alert on Fraud Schemes Targeting Federal Student Aid
FinCEN
July 24, 2026
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government.
New guidance on verifying communications claiming to be from OFSI
OFSI
July 24, 2026
OFSI has published new guidance on how to verify whether communications claiming to be from OFSI are genuine.

The guidance provides information to help individuals verify communications claiming to be from OFSI, including signs that a communication may not be genuine and sets out what to do if you are unsure.