This September, 85 European Union investigators coordinated with EU authorities, including Interpol and Europol, to gather intelligence on human trafficking at the 2023 EMPACT Traffic in Human Beings (THB) Hackathon in the Netherlands. The research focused on online recruitment, especially […]
Investigative reporters at Yle, the Finnish Public Broadcasting Company, have traced luxury cars transported from Finland’s southeast Vaalimaa border crossing to Tomsk, Siberia. The reporters attached trackers to the vehicles at the border after being tipped off about an operation […]
The French financial market regulator, Autorité des marchés financiers (AMF), has released customer due diligence (CDD) guidance for investment firms to clarify anti-money laundering and counter-terrorist financing (AML/CFT) obligations. The guidelines were released on October 2, 2023. “[This guidance] sets […]
The Spanish National Police have arrested 197 people on charges related to drug trafficking, sex crimes, money laundering, corruption, and other high-risk crimes following 29 investigations funded by the European Union (EU). The cases, which Europol and countries within and […]
Sixteen people involved in an organized crime group that smuggled millions in suspected drug profits out of the UK and illegally transported migrants, including children, across the border have been handed prison sentences. “The NCA mounted a long and complex […]
Europol has issued its first European financial and economic crime threat assessment, exploring the intertwined and evolving threats of money laundering, corruption, and organized crime in Europe. The insights are drawn from collaborative intelligence across EU member states and Europol-partnered […]
In July 2023, the UK government called on the Financial Conduct Authority (FCA) to review its guidance on risk management for politically exposed persons (PEPs). As a result, the regulator has outlined the key areas it will examine in its […]
Following recent on-site reviews, the Swiss Financial Market Supervisory Authority (FINMA) has announced that many examined banks’ anti-money laundering and counter-terrorist financing (AML/CFT) risk analyses are deficient. The deficiencies, which include inadequately defined risk tolerances, could impede the banks’ability to […]
The UK’s Payment Systems Regulator (PSR) is conducting two consultations exploring when and how its authorized push payment (APP) requirements will apply when they come into force in 2024. According to Chris Hemsley, Managing Director at the PSR, “The two […]
The European Banking Authority (EBA) has released a report revealing notable progress in Europe’s international supervisory cooperation against financial crime. The regulator has also highlighted growth areas and several best practices to continue improving Europe’s anti-money laundering and counter-terrorist financing […]
His Majesty’s (HM) Treasury has proposed a cold-calling ban for all United Kingdom consumer financial products and services. According to the consultation paper, the interdiction would extend existing legislation that restricts unsolicited direct marketing. The proposed measures seek to disrupt […]
On March 17, 2023, the French Ministry of Economy introduced changes to the definition of politically exposed persons (PEPs) and, consequently, has expanded the scope of AML regulations. Although these modifications appear substantial, the adjustments made by the French government […]
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