In Private Letter, EU Lawmakers
Question AML Watchlist ProposalGetty Images
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Court records name an employee of Bank of America's branch in Sheepshead Bay, Brooklyn, as the "banker" accused Monday of helping launder some of the $10.6 billion that a cross-border crime syndicate tried to steal from Medicare, Medicaid and other U.S. health-care programs.
July 2, 2025
French Lawmakers Want Anonymous Prepaid Cards Scrapped
By Gabriel Vedrenne
A parliamentary panel recommended outlawing anonymous prepaid cards and placing new restrictions on registered prepaid cards.
July 2, 2025
Breaking July 2, 2025: 9:11 am ET
UK Crime Agency Warns Banks Over Network Tied to Russian ‘Shadow Fleet’
In Europe, New Cryptocurrency Ecosystem Takes Form
By Koos Couvée
Germany has outpaced the rest of the EU in licensing exchanges and other VASPs under a bloc-wide regulation in force since December.
July 1, 2025
Ex-Barclays chief fails to overturn ban, Wirecard haunts Germany, and more, in the weekly roundup.
June 27, 2025
Enforcement Actions
The Central Bank of the United Arab Emirates imposed a AED5,900,000 fine on the branch of an unidentified foreign bank for compliance failures related to Decree Federal Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations.
July 2, 2025
The Office of Foreign Assets Control of the U.S. Treasury Department entered into a settlement agreement with the Felton, DE-based global logistics company that requires it to pay $608,825 to resolve 36 apparent violations of the Cuban Assets Control Regulations.
July 2, 2025
Legs & Regs
Canada Financial Authorities Warn of AI-Driven Cybercrime
Canada’s Office of the Superintendent of Financial Institutions, Department of Finance, and Global Risk Institute shared a joint report at a Security and Cybersecurity Workshop focused on artificial intelligence and risks to the financial system.
July 2, 2025
FDIC Formally Reinstates Previous Bank Merger Policy
The Federal Deposit Insurance Corporation issued a formal notice to rescind its 2024 Statement of Policy on bank mergers and to reinstate the version in effect prior to 2024.
July 2, 2025
NCA Issues Red Alert on Russia Sanctions Evasion Network, Shadow Fleet
The U.K. National Crime Agency issued a red alert to financial institutions to promote awareness of sanctions evasion with respect to the sale of Russian oil and gas through the use of so-called “Shadow Fleet” vessels and front companies.
July 2, 2025
US, EU Issue Joint Statement Following Financial Regulatory Forum
The Treasury Department published a statement by the EU–U.S. Joint Financial Regulatory Forum following meetings on June 24 and June 25, 2025, which included discussions on recent developments in the field of anti-money laundering and counterterrorist financing.
July 1, 2025
June 2, 2025
In this episode of Financial Crime Matters, Dr. Hans-Jakob Schindler, senior director of the Counter-Extremism Project, and Kieran Beer, editor in chief of ACAMS moneylaundering.com, discuss how violent extremists raise and move funds.
June 30, 2025
In the latest episode of Sanctions Space, Justine Walker, head of global sanctions and risk at ACAMS, and Stephanie Baker, author of 'Punishing Putin: Inside the Global Economic War to Bring Down Russia,' discuss sanctions loopholes Russia exploits to finance its war with Ukraine, and U.S. use of 'secondary tariffs' to deter purchases of Russian oil.
More News
Court records name an employee of Bank of America's branch in Sheepshead Bay, Brooklyn, as the "banker" accused Monday of helping launder some of the $10.6 billion that a cross-border crime syndicate tried to steal from Medicare, Medicaid and other U.S. health-care programs.
July 2, 2025
French Lawmakers Want Anonymous Prepaid Cards Scrapped
By Gabriel Vedrenne
A parliamentary panel recommended outlawing anonymous prepaid cards and placing new restrictions on registered prepaid cards.
July 2, 2025
Breaking July 2, 2025: 9:11 am ET
UK Crime Agency Warns Banks Over Network Tied to Russian ‘Shadow Fleet’
In Europe, New Cryptocurrency Ecosystem Takes Form
By Koos Couvée
Germany has outpaced the rest of the EU in licensing exchanges and other VASPs under a bloc-wide regulation in force since December.
July 1, 2025
Ex-Barclays chief fails to overturn ban, Wirecard haunts Germany, and more, in the weekly roundup.
June 27, 2025
Enforcement Actions
The Central Bank of the United Arab Emirates imposed a AED5,900,000 fine on the branch of an unidentified foreign bank for compliance failures related to Decree Federal Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations.
July 2, 2025
The Office of Foreign Assets Control of the U.S. Treasury Department entered into a settlement agreement with the Felton, DE-based global logistics company that requires it to pay $608,825 to resolve 36 apparent violations of the Cuban Assets Control Regulations.
July 2, 2025