Category: Featured Articles

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OPINION: Key tips for businesses to improve their AML recruitment

IN FOCUS: We meet Sardine co-founder Soups Ranjan and put the spotlight on his professional life

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LATEST: Bruna Szego set to be approved as AMLA Chair by MEPs next week

NEWS: AML Intelligence’s Technology Newsletter gets over 20,000 subscribers in just two weeks

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NEWS: Global efforts against financial crime need better co-operation between AML and data regulators, FATF chief de Anda tells IAFCS2024

OPINION: Journalism Matters – Why ‘AML Intelligence’ is backing ‘Choose Truth’ campaign

OPINION: Why Egmont must be transparent and tell us rationale behind reported move to Qatar

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NEWS: India’s fincrime watchdog registers over 5,000 money laundering cases – but just 40 convictions

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LATEST: Race begins for AMLA Chair as €290,000 tax-free job advertised, high profile candidates in the wings

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NEWS: Europe’s new AML rules pass final hurdle, paving way for AMLA jobs to be posted

NEWS: Pleyer and Lee honoured for their efforts fighting financial crime at EAFCS 2024

INSIGHT: Setting up the new EU AML Authority (AMLA) for success

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FinCEN Finds Cambodia-Based Huione Group to be of Primary Money Laundering Concern, Proposes a Rule to Combat Cyber Scams and Heists
FinCEN
May 2, 2025
WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a finding and notice of proposed rulemaking (NPRM) pursuant to Section 311 of the USA PATRIOT Act that identifies Cambodia-based Huione Group as a financial institution of primary money laundering concern and proposes to sever its access to the U.S. financial system. Huione Group serves as a critical node for laundering proceeds of cyber heists carried out by the Democratic People’s Republic of Korea (DPRK), and for transnational criminal organizations (TCOs) in Southeast Asia perpetrating convertible virtual currency (CVC) investment scams, commonly known as “pig butchering” scams, as well as other types of CVC-related scams. Given the money laundering risk posed by Huione Group, FinCEN is proposing to prohibit U.S. financial institutions from opening or maintaining correspondent or payable-through accounts for or on behalf of Huione Group.
FCA seeks feedback on regulation of cryptoasset trading platforms in next phase of road to regulation
Financial Conduct Authority
May 2, 2025

The FCA is seeking views on the future regulation of specific cryptoasset activities, ahead of legislation to bring them within regulation.

Clear crypto regulation will boost confidence in the sector, supporting growth. In this latest discussion paper (DP), the FCA is seeking views on intermediaries, staking, lending and borrowing, and decentralised finance. With more people using credit to purchase crypto, the DP also considers whether restrictions should be applied in that area.
Website Alert – Fraudulent website related to Bank Julius Baer & Co. Ltd.
HKMA
May 2, 2025
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank Julius Baer & Co. Ltd. relating to a fraudulent website, which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.