Category: Financial Crime

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FinCEN files ‘a blessing in disguise’ for law-reform advocates

Malaysia’s reputation suffers as FinCEN files reveal laundering trails

Hong Kong makes reassurances following FinCEN files release

JPMorgan allegedly helped Russian mafia launder funds – FinCEN leak

Swedbank reveals it is under fresh investigation for ‘suspected breaches of the regulation on market abuse’

Nasdaq launches AI system in AML fight

Julius Baer plans second pay-out to USA for role in FIFA scandal

US plans major update to AML rules to ensure financial institutions have ‘effective and reasonably designed anti-money laundering program’

US charges two Russians with defrauding millions in cryptocurrency scam

Council of Europe Secretary warns against relaxing AML regulations

Leaked EU proposal calls for bloc-wide crypto asset regulations

Philippe Vollot tackles financial crime

How Danske responded to Estonia money laundering scandal, including doubling Compliance team – Deutsche veteran Vollot on leading the change

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Update to UK Sanctions List: Russia Regime
UK Government
July 14, 2026
Today, Tuesday 14^th July, the UK Government has varied the following individual under the Russia sanction regime. Individual varied:

Name: Unique ID:

Christodoulos VASSILIADES RUS1825
New member appointed to the Regulatory Decisions Committee
Financial Conduct Authority
July 14, 2026

The FCA Board has appointed Dan Lavender as a new member of its Regulatory Decisions Committee (RDC).

The RDC is responsible for taking certain regulatory decisions on behalf of the FCA relating to contested enforcement action. Committee members bring a broad range of professional experience to support fair, independent and evidence-based decision-making. Alison Potter, the Chair of the RDC, said: ‘I am delighted to welcome Dan to the committee. Dan has significant legal and leadership experience in relation to contentious financial services matters, so his skill set will complement existing committee members and enhance the overall capability and effectiveness of the RDC.’
AMLA consults on harmonised risk assessments in the non-financial sector
AMLA
July 14, 2026
A shared methodology across the EU: AMLA is inviting views on draft rules that will determine how supervisors in every Member State assess money laundering and terrorism financing risks of businesses and professionals in the non-financial sector. Criminal money enters the economy in many ways, often through everyday transactions, from property purchases to luxury goods, professional services, or gambling. That makes it important for businesses in the non-financial sector to recognise and address the risk of being misused for money laundering or terrorist financing. Supervisors, in turn, need to understand the levels of risk that different businesses face, so they can allocate their resources accordingly. The draft standards give them a shared methodology for assessing that risk, so similar businesses are assessed on the same terms wherever they operate.