FATF and INTERPOL initiative on confiscating assets
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The Financial Action Task Force (FATF) and INTERPOL have launched a joint initiative to improve international efforts to freeze, seize…
FBI warning on cryptocurrency theft
The FBI has issued a warning highlighting cyber criminals are increasingly exploiting vulnerabilities in DeFi (decentralised finance) platforms to steal…
OFSI updates sanctions guidance
The Office of Financial Sanctions Implementation (OFSI) updated its General guidance for financial sanctions under the Sanctions and Anti-Money Laundering Act 2018. The…
Bank of Afghanistan to boost efforts in fighting financial crime
In a recent meeting, members of the Bank of Afghanistan indicated a need to boost efforts to “seriously fight against…
Speech on cost of living crisis impact on financial crime from FCA
Financial Institutions should work together to fight the ‘virus’ of financial crime as the cost-of-living crisis puts customers at greater…
Russia announces travel bans on EU and US citizens
The Russian foreign Ministry has announced travel bans on an unspecified number of EU citizens and 25 US citizens in…
UK fintech fined for AML breaches
UK fintech Wise, an international payments facilitator, has received a $360,000 (£309,213) fine from the FSRA (Financial Services Regulatory Authority)…
Commerzbank fined by HKMA for AML breaches
The Hong Kong Monetary Authority (HKMA) has issued a HK$6 million (US$765,000) fine on the local branch of Commerzbank for…
FATF releases report on Germany’s measures to combat ML/TF
The Financial Action Task Force (FATF) has released a mutual evaluation on Germany’s measures to combat ML/TF, stating “Germany needs…
OFSI blog on financial sanctions
In a new blog, The Office of Financial Sanctions Implementation (OFSI) helps to ensure that financial sanctions are properly understood,…