AML

A photo of the Bundeshaus in Bern, Switzerland, where the Federal Council convenes.

Switzerland Approves Strategy to Fight Dirty Money and Terror Finance

Switzerland has approved its first comprehensive national strategy for fighting money laundering and terrorist financing, the country’s Federal Council announced Friday.

Sign and seal at an entrance to the US Department of the Treasury office on sunny day in downtown Washington, D.C.

Treasury Staff and Lobbyists Oppose Plan to Make Banks Verify Citizenship

Career officials at the U.S. Treasury Department are pushing back against a Trump administration effort that could require banks to verify customers’ citizenship information, as lenders warn the idea would be costly, difficult to implement, and potentially harmful to the economy.

Pedestrians walk outside of ING bank 's branch in Brussels in Belgium on Nov. 23, 2018

ING to Cut AML Compliance Jobs in AI Push

ING plans to cut about 1,250 jobs worldwide this year under a cost-saving program that will rely more heavily on artificial intelligence, with many of the reductions expected in anti-money-laundering operations.

A view of the architecture of Westminster.

UK Joint Committee Warns on Britain’s ‘Brittle’ Checks on Political Illicit Finance

A UK parliamentary committee warned on Wednesday that weaknesses in Britain’s political finance regime leave it vulnerable to illicit foreign funds, and said enforcement remains too fragmented and underpowered to deter abuse.

Large offshore oil platform with support vessel in open sea at dusk, illuminated against dramatic clouds. Concept of energy industry, petroleum extraction, fossil fuels, marine logistics, and industrial operations at sea.

UK’s Top-Paid Oil Exec Faces Global Asset Freeze Over Siphoned Iran Funds

North Sea oil executive Francesco Mazzagatti could soon be the subject of a worldwide asset freeze stemming from a London lawsuit alleging he siphoned funds from former business partners tied to an Iranian petrochemicals business.

An exterior view of the headquarters of the UK's National Crime Agency, or NCA — Photo: “National Crime Agency.JPG,” Philafrenzy, Wikimedia Commons, CC BY-SA 4.0. Edited from the original.

Drug Trafficking and Money Laundering are Worsening in the UK: NCA

Serious and organized crime became more diverse and more harmful in 2025, with drugs, organized immigration crime, and illicit finance all worsening, according to a new report by the UK’s National Crime Agency (NCA).

January 15, 2026-Tokyo, Japan: Sign at financial institution J.P. Morgan.

JPMorgan Hit With Class-Action Suit Over Alleged Crypto-Ponzi Scheme

Three class-action lawsuits have been filed in the wake of federal charges against Christopher Delgado, the founder and former chief executive of Goliath Ventures, including one case accusing JPMorgan Chase of helping enable an alleged $328-million crypto- Ponzi scheme.

European Union flags outside European Commission building in Brussels, Belgium. Close up

AMLA Launches Initiative to Calibrate Risk Assessments

The EU’s Anti-Money Laundering Authority (AMLA) has launched a data-collection exercise to test and calibrate risk-assessment models that will be used in 2027 to choose up to 40 financial institutions for direct AMLA supervision starting in 2028.

US Securities and Exchange Commission office building. — Image: Flickr, “U.S. Securities and Exchange Commission,” photo by arsheffield, edited

SEC Enforcer Leaves Agency After Little Over 6 Months on the Job

The U.S. Securities and Exchange Commission (SEC) said on Monday that Judge Margaret Ryan has stepped down as director of its Division of Enforcement after little more than six months on the job.

Sydney, Australia. – On October 23, 2017. - Commonwealth Bank of Australia, the image shows beautiful design glass windows of its office building at Darling harbour branch.

Australia’s Worsening Mortgage Fraud Scandal Spurs Talk of AML Changes

Major Australian banks are working with the country’s financial-crimes watchdog to assess the scale of an alleged mortgage fraud scheme that may extend well beyond an earlier A$1 billion estimate.