Category: Analysis & Opinion

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ANALYSIS: 17,000 ATM withdrawals, $1.9M in cash thru shell companies to Colombia – the US case against TD Bank

NEWS: ‘Greylisted’ UAE makes ‘substantial donation’ to body representing police FIUs globally

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NEWS: Identity red flags accounted for $212BN in suspicious activity, reveals FinCEN; more than 40pc of STRs linked to IDs

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NEWS: Danske Bank facing legal action over €500 annual corporate fee to cover AML checks

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INSIGHT: Oman fearful ties with Iran increase possibility of FATF greylisting talks up its AFC efforts

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NEWS: Prigozhin connection leads to French money probe at BNP Paribas involving hundreds of millions of euro

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SARAH BETH: OFAC’s sanctions burden on non-US banks smacks of over-reach

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NEWS: Commission’s AMLA Task Force to deliver assessment in January of nine bidding cities

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ANALYSIS: Now AMLA is one step closer, we look at how it will operate in practice, who it will supervise and its power to penalise

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NEWS: AMLA to oversee Euro banks’ sanctions efforts as agency gets major additional role; comes as new EU directive makes evasion a crime

NEWS: Bank of England to look closer at rise of AI in finance

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INSIGHT: Massive Binance fine designed to deter others – US regulator; conference told fincrime oversight of cryptos to grow

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Press Statement: SCUML Certificate Is Not CLEARANCE BY EFCC
EFCC
April 22, 2025
ST Technologies (not CBEX) registered with the Special Control Unit against Money Laundering, SCUML in line with Section 17 of the Money Laundering (Prevention & Prohibition) Act, 2022. Registration is a statutory requirement for all Designated Non-Financial Businesses and Professions, DNFBPs, in Nigeria in consonance with Nigeria’s Anti-Money Laundering/ Control of Financing Terrorism, AML/CFT regime. The EFCC is not a clearing house or regulatory authority of online businesses. But financial fraud of any kind is the remit of the Commission, and it is committed to ensuring justice for victims of the CBEX scam.
Fraudulent website and internet banking login screen related to Shanghai Commercial Bank Limited
HKMA
April 22, 2025
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to a fraudulent website and an internet banking login screen, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.
SEC Awards $6 Million to Joint Whistleblowers
SEC
April 21, 2025
Washington D.C., April 21, 2025 —

The Securities and Exchange Commission today announced an award of approximately $6 million to joint whistleblowers who provided new information that led to the opening of an examination and provided a roadmap for an enforcement action that resulted in the covered action.
“Today’s award illustrates that the agency can leverage whistleblower information in various ways, including by prompting an examination,” said Jonathan Carr, Acting Chief of the SEC’s Office of the Whistleblower. “If that examination ultimately results in an enforcement action, the whistleblower may be eligible for an award.”