EU nations want an impending bloc-wide anti-money laundering regulator to directly supervise all manner of financial institutions, including virtual asset service providers, or VASPs, and monitor at least one bank or other AML-regulated company in each country. Click here to read the full article.

A final report on money laundering in British Columbia published Wednesday, June 16, 2022, spreads the blame for gaps that allowed criminals to move billions of illicit dollars into the province over the past decade. Click here to read the full article.

Perpetrators of organized retail crime, or ORCs, use a variety of methods to move and launder their profits, from simple structuring of deposits to complex trade-based and third-party money-laundering schemes, federal investigators and anti-financial crime professionals have found. Click here to read the full article.

Bankers, attorneys and other professionals in the European Union who help blacklisted Russian oligarchs evade sanctions would face a higher risk of prosecution under proposed EU legislation. Click here to read the full article.

Canadian officials want to extend anti-money laundering requirements to unregulated mortgage lenders and other new sectors in the years ahead, while also dramatically boosting spending on AML supervision, financial crime investigations and corporate transparency. Click here to read the full article.

Britain’s financial regulator has warned online lenders and other “challenger banks” to remedy common weaknesses in their customer risk assessments, suspicious-transaction-reporting processes and other aspects of their compliance programs. Click here to read the full article.

Europol, the EU's law enforcement agency, has launched a new initiative to support financial and criminal investigations by the bloc's 27 nations into parties blacklisted for their ties to or support of Russia's invasion of Ukraine. Click here to read the full article.