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The State of Financial Crime 2024: Download our latest research

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The Financial Action Task Force (FATF) has published a follow-up report on the UK’s anti-money laundering (AML) and counter-terrorist financing (CFT) measures, acknowledging that the country has taken several actions to strengthen its framework since its 2018 mutual evaluation report […]

The International Monetary Fund (IMF) has published a new technical note assessing the state of banking, the microfinance sector and non-financial corporates (NFCs) in the Philippines. In it, the IMF highlighted certain economic activities, such as those practiced in casinos, […]

A bipartisan bill introduced in the  Senate plans to create a comprehensive regulatory framework for digital assets in the United States. Sponsored by Senators Kirsten Gillibrand of New York and Cynthia Lummis of Wyoming, the 69-page bill, known as the […]

The Financial Crimes Enforcement Network (FinCEN) has issued an Advance Notice of Proposed Rulemaking (ANPRM) for a no-action letter process, which would enable regulated entities to receive feedback on whether certain services, products, and/or actions would breach federal anti-money laundering […]

China and Russia have vetoed a US-led UN Security Council (UNSC) resolution that proposed tougher sanctions on North Korea after the country’s latest ballistic missile tests. This marked the first split in the Council since measures were introduced against Pyongyang […]

Trade association UK Finance has issued a new report calling for further action from the UK government and regulators to mitigate a “ransomware scourge” that produced over 620 million detected attacks in 2021. The report details growing concerns around cryptocurrencies […]

G7 finance ministers have called for action to “monitor and address financial stability risks arising from all forms of cryptoassets.” Meeting in Germany, the group argued for the implementation of the Financial Action Task Force (FATF) travel rule, and stronger […]