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Senate report suspect Russian tycoons of exploiting art world for money laundering

Sparkasse slapped with €217,000 fine by Malta’s AML watchdog

Goldman Sachs reaches multi-billion dollar settlement in 1MDB case

UK eyeing tougher laws to scrutinise foreign investment

Crime expert welcomes UK’s move to spare certain trusts from 5MLD

Job losses forecast in compliance banking sectors

Londongrad Laundromat: Welcoming the oligarchs with open arms

Bellingcat reveal disgraced Wirecard COO’s whereabouts

Danske Bank to boost AML procedures following FSA inspection

Deutsche Bank investors seek damages after multi-million dollar payout

Wirecard subsidiary CEO confesses wrongdoing in scandal

Latvia’s Signet Bank hit with near €1 Million fine over AML regulations

Dutch banks join forces in fight against money laundering

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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.