i-law

Money Laundering Bulletin

AMLA arrives: 1 July impact on EU financial crime supervision
The European Union's new Anti-Money Laundering Authority (AMLA) will begin operations on 1 July 2025. While the launch marks the end of years of legislative groundwork, says Enrico Aresu of Moody's, it also sets in motion a gradual shift in how financial crime supervision is approached across the EU, particularly for those firms under its direct remit, and potentially beyond.
Online Published Date:  01 July 2025
Appeared in issue:  326 - 01 September 2025
Ink to action - Cape Verde
The African archipelago state Cape Verde may be legislating to strengthen its anti-money laundering regime but improvement will depend as much on resourcing and enforcement, finds Andreia Nogueira.
Online Published Date:  02 July 2025
Appeared in issue:  326 - 01 September 2025
Nine financial institutions fined S$27.5m in Singapore for AML failings
In fallout from a major money laundering case, in 2023, involving gold bars and luxury cars linked to online gambling, which led to the conviction of 10 Chinese nationals in Singapore, nine firms in the country, including Credit Suisse, UBS and Citibank, have been issued penalties totalling S$27.45m (US$21.54m).
Online Published Date:  04 July 2025
Appeared in issue:  326 - 01 September 2025
Isle of Man fines two gambling operators over broad AML failings
Online gambling firms Celton Manx and SK IOM Limited have incurred civil penalties of UK£3,937,500 (US$ 5,376,850) and UK£70,000 (US$95,590), respectively, for anti-money laundering and counter financing of terrorism (AML/CFT) compliance breaches uncovered by the Isle of Man (IoM) Gambling Supervision Commission during inspections in 2024.
Online Published Date:  05 July 2025
Appeared in issue:  326 - 01 September 2025
UAE fines foreign bank and exchanges houses for AML/CFT breaches
Four exchange houses (unnamed) have been fined by the Central Bank of the United Arab Emirates (CBUAE) - three, a total of D4,100,000 (US$1,116,250), on 7 July and one, D2,000,000 (US$544,510), on 24 June - for non-compliance with local anti-money laundering/counter financing of terrorism obligations.
Online Published Date:  07 July 2025
Appeared in issue:  326 - 01 September 2025
FATF tracks terrorist financing shift to informality, younger recruits, more links to organised crime
The Financial Action Task Force (FATF) has warned how the financing of terrorism (TF) has become less formal and more decentralised, with violent activists increasingly young and focused on remote and marginalised communities, such as in the Sahel.
Online Published Date:  08 July 2025
Appeared in issue:  326 - 01 September 2025

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