A major transnational money laundering network has been dismantled by Romanian authorities in close cooperation with their British and...

A Polish researcher has successfully used OpenAI’s ChatGPT-4o to generate a fake passport, which was then accepted by a platform that...

The €3.5 million fine issued this week by the Lithuanian Central Bank against Revolut over failings related to financial crime compliance...

The Vatican City recorded a marked decline in the number of suspicious activity reports (SARs) filed in 2024, with officials attributing...

Britain’s most valuable start-up, Revolut, has been fined €3.5 million ($3.83 million) by Lithuania’s central bank following a routine...

HSBC failed to flag suspicious transactions potentially worth hundreds of millions of dollars over more than a decade, according to new...

Italy has officially put into effect the European Union’s Transfer of Funds Regulation, marking a significant step in the country’s...

FinCEN, the anti-money laundering (AML) unit of the U.S. Treasury, has issued an alert for financial institutions (FIs) focusing on the...

In a significant policy shift, U.S. President Donald Trump announced a sweeping set of reciprocal tariffs during a press conference on...

Saudi Arabia is set to introduce new beneficial ownership (BOI) regulations aimed at aligning the country with global anti-money...

The European Union may postpone the introduction of new ‘risk prudential’ banking regulations until 2027 due to concerns that...

Austria has received two critical reports from the Group of States against Corruption (GRECO), a key body within the Council of Europe,...

The European Banking Authority (EBA) has identified ‘de-risking,’ also referred to as ‘debanking,’ as a significant issue for consumers...

A groundbreaking new study has revealed that money laundering activity has a direct impact on rising house prices. The research,...

An estimated £2 billion ($2.6 billion) is laundered annually through informal money transfer systems in the UK, according to HM Revenue...

South Africa is aiming to be removed from the Financial Action Task Force (FATF) greylist by October this year, according to a National...

Kuwait’s public pension fund has accused asset manager Man Group, Swiss bank EFG, and others of laundering bribes paid to its late...

A European Union-wide ban on artificial intelligence systems deemed to pose an “unacceptable” risk officially took effect on February 2,...

The latest sanctions update from the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has once again placed...

The United Kingdom is taking steps to strengthen its anti-money laundering (AML) framework as it gears up for its next Financial Action...