Money Laundering Bulletin

US national security interests are a powerful technology driver and the urgent need to understand how rogue states finance their weapons systems underpins development by the Department of War of its Anticipatory and Adaptive Anti-Money Laundering (A3ML) system, which has potential to revolutionise the detection of illicit financial flows. Dr David Dewhurst of the Defense Advanced Research Projects Agency (DARPA) spoke exclusively to Keith Nuthall about the ambitious scope of the programme and how it may impact the private sector.

Just over one pound in every four of suspected criminal assets frozen in the UK has been permanently recovered since 2018, according to a study from London-based campaign group Spotlight on Corruption.

The race, not merely to level the anti-money laundering playing field in the European Union but ensure that all member states are fully engaged and pull together as a team, is on, if off to an uneven start. The Anti-Money Laundering Authority, tasked to drive consistent supervision across the bloc, is building capacity in Frankfurt. Outside financial services, though, obliged entities in many sectors remain below threshold compliance standards, and some countries have already missed the first of many deadlines for AML VI Directive implementation. Sara Lewis reviews the progress from Brussels.

Britain's new fraud-recovery powers risk turning exploited money mules into double casualties, says Tom Vidovic.