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JPMorgan allegedly helped Russian mafia launder funds – FinCEN leak

Swedbank reveals it is under fresh investigation for ‘suspected breaches of the regulation on market abuse’

Nasdaq launches AI system in AML fight

Julius Baer plans second pay-out to USA for role in FIFA scandal

US plans major update to AML rules to ensure financial institutions have ‘effective and reasonably designed anti-money laundering program’

US charges two Russians with defrauding millions in cryptocurrency scam

Malta’s FIAU issues new guidelines on suspicious transaction reporting

Council of Europe Secretary warns against relaxing AML regulations

Leaked EU proposal calls for bloc-wide crypto asset regulations

Philippe Vollot tackles financial crime

How Danske responded to Estonia money laundering scandal, including doubling Compliance team – Deutsche veteran Vollot on leading the change

Gamblers using online shopping to launder billions in China

FATF’s new report on virtual asset risks is met with lukewarm reaction

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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.