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FATF and IMF in the fight against financial crime

ANALYSIS: The importance of beneficial ownership in markets besieged by a global pandemic: top experts share their insights for 2021

UK politician acknowledges London’s poor AML reputation, says new rules on beneficial owners to shine light on luxury property sales

Latvian bank RIB fined for ‘irregularities’ and inadequate AML measures

US clamps down on Brazilian crypto fraud scheme with seizures of over $24 million

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

New Greek legislation makes life easier for tax evaders and money launderers — FT

Danske fined over €1 million for misleading customers towards loss-making investment

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

Cayman Island regulates VASPs

Cayman Islands the latest in a series of jurisdictions pursuing FATF-inspired virtual asset service clampdown

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Investigation Huracán: Ninth person convicted in Germany in large-scale VAT fraud
European Public Prosecutor's Office
July 10, 2025
(Luxembourg, 10 July 2025) – Following a large-scale VAT fraud investigation led by the European Public Prosecutor’s Office (EPPO) in Cologne (Germany), code-named ´Huracán´, one individual was convicted this week by the Regional Court in Düsseldorf for VAT fraud. This is the ninth person to be convicted. The indictment against this suspect has been transmitted at the end of February this year to the Regional Court in Düsseldorf (Germany), accusing him of a multimillion VAT fraud concerning the international trade of cars.
The Bank of England fines Vocalink Limited £11,900,000 for a compliance failure
Bank of England
July 10, 2025
The Bank of England (the “Bank”) has fined Vocalink Limited (“Vocalink”) £11,900,000 in respect of a compliance failure under section 196 of the Banking Act 2009 (the “Act”). This is the first time the Bank has fined a financial market infrastructure firm. Vocalink has been regulated by the Bank since April 2018 as a specified service provider, a type of financial market infrastructure firm involved in the operation of UK payments systems.
SA man charged over alleged involvement in 62kg cocaine importation
Australia Federal Police
July 10, 2025
The AFP has charged a South Australian man for his alleged involvement in a plot to import 62kg of cocaine into Australia concealed in mechanical equipment. The man, 29, is expected to appear before the Adelaide Magistrates Court on 1 October, 2025, after being charged on Monday (7 July, 2025). In February 2025, using risk-based targeting, Australian Border Force (ABF) officers at the Sydney container examination facility searched a consignment addressed to a business in Adelaide.