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New watchdog to monitor digital currencies in EU amid AML concerns

Blow to Malta’s finance sector as tax transparency rating downgraded

Member States lagging behind need to ‘expedite’ their current regime for 6th Money Laundering Directive

JPMorgan Chase investigating customers and employees over Coronavirus payment program

Film producer surrenders over $60 million in money laundering settlement

Lawyers warned of being ‘caught’ in crime operations

Countries on EU ‘blacklist’ seek to save their competitiveness

The Irish Trifecta cracking down on financial crime on the European stage

PROFILE:‘No-nonsense’ Brussels veteran who gets stuck into the detail

Von der Leyen appoints European Commissioner Mairead McGuinness to head up bloc’s AML drive

Visa to answer questions from European Commission over regulation of FinTechs

Former Venezuelan official turns himself in to US authorities over Billion dollar money laundering investigation

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Memorandum of Understanding between OFAC and the Swiss State Secretariat for Economic Affairs
OFAC
May 16, 2025
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published its Memorandum of Understanding with Switzerland's State Secretariat for Economic Affairs (SECO).
Crime group used light aircraft to smuggle cocaine haul to UK
National Crime Agency
May 16, 2025
A qualified pilot used his light aircraft in a bid to smuggle cocaine into the UK. Pilot Anastasios Balian, 52, and accomplice Errol McCardo Weir, 48, admitted trying to bring 30kg of the Class A drug into the country, following a National Crime Agency investigation. On 20 March this year, they were stopped by Border Force officers at North Weald airfield in Epping, Essex, after landing from Belgium via Calais. Officers searched the small plane and discovered a concealment had been built into the rear seats. Inside it were 30 1kg blocks of cocaine with a street value of about £2.4m.
£2m fine for online operator Spreadex Limited
Gambling Commission
May 16, 2025
A gambling business will pay a £2,022,000 penalty after a Gambling Commission investigation revealed Anti-Money Laundering (AML) and social responsibility failings.
Spreadex Limited – which operates from Spreadex.com – will also have to undergo a third-party audit to ensure it is effectively implementing its anti-money laundering and safer gambling policies, procedures and controls. The failures were revealed during a compliance assessment in July 2023 and relate to the operator’s Gambling Commission licence to offer casino and fixed odds betting.