Strength in Unity: How Section 314(b) is Transforming AML by Enabling Financial Institutions to Collaborate
Financial crime—ranging from money laundering and terrorist financing to fraud—thrives on silence, fragmentation, and opacity. Recognizing this, U.S. regulators created Section 314(b) under the...
UK Treasury Targets Pooled Client Accounts in New Anti-Money Laundering Action Plan
The UK Treasury has unveiled a significant update to its anti-money laundering (AML) strategy, focusing on pooled client accounts. Under the new proposals, these...
UK Cracks Down on Art Market Money Laundering — London Gallery Fined £158,679
The UK’s HM Revenue & Customs (HMRC) has intensified its oversight of the art market, handing down a significant fine of £158,679 to DYS44...
EPPO’s Admiral 2.0 Operation: Major Victory Against Cross-Border VAT Fraud and Money Laundering
The European Public Prosecutor’s Office (EPPO) has secured plea agreements from three individuals involved in a large-scale VAT fraud and money laundering operation under...
UAE Extradites Fugitive to France Over Major Fraud and Money Laundering Scheme
In a significant move reinforcing its commitment to international justice, the United Arab Emirates (UAE) has extradited a wanted fugitive to France. The individual...
