Tag: FATF

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INSIGHT: Who is Sanjay Malhotra? India’s new central bank chief who helped secure good marks from FATF

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LATEST: Monaco gets positive MONEYVAL report in first major update since being added to FATF’s money laundering ‘grey list’

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NEWS: FATF considers major overhaul to ease regulatory burden on finance firms

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NEWS: FATF to launch new mentoring program to improve gender diversity

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NEWS: Argentina celebrates after dodging FATF ‘greylist’

BREAKING: Russia avoids FATF’s ‘blacklist’ despite Ukraine pressure, Lebanon among those added to ‘greylist’, while Senegal removed

OPINION: Spot the difference! How FATF has embraced diversity and turned its backed on the ‘Boys’ Club’ – in just two years

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LATEST: FATF to greylist Lebanon this week, confirmation expected Friday

BREAKING: FATF confirms new ‘greylist’ rules, aimed at helping poorer countries

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NEWS: FATF to consider blacklisting Russia following Ukrainian pressure – report

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NEWS: Lebanon expected to be ‘grey listed’ by the FATF as soon as October 25, financial woes to deepen

BREAKING: FATF President reveals new rules for deciding how countries are ‘grey listed’ at IAFCS 2024

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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.