Category: Financial Crime

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Switzerland freezes $900 Million linked to Angolan businessman in money laundering probe

German Parliament to launch full inquiry into Wirecard

Trillions estimated to be lost from poorer countries by 2030

UK’s Financial Regulator publishes new financial crime reporting requirements

Wolfsberg Group issues guidelines for financial institutions on AML

Credit Suisse under fire from Belgian authorities amid tax evasion allegations

US Department of Justice charges four in global Ponzi scheme

Goldman Sachs finalise Billion dollar settlement over 1MDB scandal

Bahrain to introduce AML committee

US and Panama to join forces for AML task force

Commerz bank warned by Bafin of Wirecard money laundering risks

Money laundering cases jump by 50pc in Germany

Global banks fined $5.6 Billion for AML failings

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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.