Tag: Anti-Money Laundering

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EXCLUSIVE: Success of Europe’s new AML approach depends on three core elements, says President of the Eurogroup

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EU’s data protection agency warns of lack of clarity in bloc’s new AML plans; calls for legislators to be more specific

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ANALYSIS: The EU Data Watchdog’s Take on the bloc’s new AML strategy

OUTLOOK: Germany’s attitude towards AML a ‘capitulation,’ suggests national newspaper ahead of Sunday election

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Basel Institute releases AML rankings, calls for ‘strong response’ to risks posed by crypto and ‘effective prevention’ to tackle FinCrime

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FIUs: ‘A treasured initiative’ – Egmont chief praises report which outlines top international investigations over last seven years

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LATEST: Suspended Maltese bank Pilatus handed multi-million euro fine for ‘total disregard’ of AML safeguards

INSIGHT: Mafias and the Pandemic; the changing face of the fight against organised crime in Italy.

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Major Baltic bank told to improve AML controls after rigorous inspection by all three national supervisors

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Dubai forms special anti-money laundering court to tackle dirty money in the Gulf

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LATEST: N26 may be prohibited from accepting new customers as bank struggles with substandard customer due diligence

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‘Remediation is underway,’ EML CEO says firm will fix all pivotal AML issues by Q2 of next year

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Treasury Further Dismantles Iranian Financier Zanjani’s Network
US Department of the Treasury
July 24, 2026
WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designatedfour individuals and nine entities that form key components of Babak Zanjani (Zanjani)’s broader Iranian sanctions evasion network. Zanjani has leveraged a diverse portfolio—including financial services, gold and precious gem production, digital asset trading, and major transportation and infrastructure projects—to obscure ownership, launder revenue, and expand his capacity to move funds covertly through Iran and offshore.
FinCEN Issues Alert on Fraud Schemes Targeting Federal Student Aid
FinCEN
July 24, 2026
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government.
New guidance on verifying communications claiming to be from OFSI
OFSI
July 24, 2026
OFSI has published new guidance on how to verify whether communications claiming to be from OFSI are genuine.

The guidance provides information to help individuals verify communications claiming to be from OFSI, including signs that a communication may not be genuine and sets out what to do if you are unsure.