Accountancies

Photo of a sign of the Financial Conduct Authority

The UK’s current system of supervisors overseeing the anti-money-laundering (AML) programs of law firms, accountancies, and other professional bodies is failing to take “sufficiently dissuasive disciplinary measures” against those that fail to meet compliance standards, according to a new report. 

An AI-generated collage using an aerial photo of Sydney with three large lines of cocaine spread across the photo.

Australia’s booming cocaine consumption among affluent professionals has helped turn the country into the world’s unlikely cocaine capital, fueling criminal networks linked to murder, human trafficking, and extortion.

A black-and-white view of the Charles Schwab office in Manhattan, with the sign edited to be gold

Long after his 2008 conviction for procuring a minor for prostitution and just days before his final arrest in 2019, Jeffrey Epstein had his eyes on a palace in Morocco. He wanted to buy it, but he needed help. 

A photograph of a 100-euro bill.

The European Union’s new Anti-Money Laundering Authority said it is on track to become fully operational in 2028, setting out a multi-year plan that flags emerging illicit-finance threats ranging from crypto-assets to “novel payment channels.”

Foreign Secretary David Lammy speaking to the press in from of a sign reading "NCA: National Crime Agency"

The UK government is taking aim at corrupt bankers, lawyers, and accountants and deploying new tech tools to identify dirty money as part of a new strategy to root out tens of billions in illicit funds entering the country each year.