Richie

Richie is the founder of AML Observatory, with years of experience in financial services, AML/CFT, and compliance. He shares the latest industry developments, regulatory updates, and practical insights with compliance professionals.

Oct- 2026 -

2 October

Europe

Richie
0 743

EU AMLA Finalises Home–Host Supervisory Cooperation Standards for Cross-Border Groups

The EU Anti-Money Laundering Authority (AMLA) has finalised draft Regulatory Technical Standards setting out the respective duties of home and host supervisors and the arrangements…
Read More »
2 October

Enforcement & Cases

Richie
0 764

U.S. Treasury Targets A7 Shadow Banking Network With FinCEN Rule and OFAC Sanctions

The U.S. Department of the Treasury has launched a coordinated action against the A7 Network, a Russia-linked shadow banking network that Treasury says has been…
Read More »
2 October

Asia-Pacific

Richie
0 752

AUSTRAC Issues Infringement Notices to Businesses That Failed to Enrol Under Expanded AML/CTF Regime

AUSTRAC has begun issuing infringement notices to businesses that failed to enrol under Australia’s expanded anti-money laundering and counter-terrorism financing regime. The regulator said the…
Read More »
2 October

Europe

Richie
0 745

EU AMLA Finalises Key CDD, Transaction and Group-Wide AML/CFT Standards

On 1 October 2026, the European Union’s AML Authority finalised three draft technical standards for private-sector entities under the new EU anti-money laundering framework. The…
Read More »
Sep- 2026 -

30 September

Richie
0 753

U.S. Senate PSI Report Finds USDT Dominant Across Iran-Linked Sanctioned Crypto Wallets

Democratic investigators for the U.S. Senate Permanent Subcommittee on Investigations (PSI) have released a report examining the role of Tether’s USDT stablecoin in cryptocurrency wallets…
Read More »
30 September

Richie
0 734

FINTRAC Imposes C$816,750 in AML Penalties on Four Canadian Credit Unions

Canada’s financial intelligence unit FINTRAC has announced administrative monetary penalties totalling C$816,750 against four credit unions following compliance examinations under the Proceeds of Crime (Money…
Read More »
30 September

Richie
0 740

U.S. Jury Convicts Travel Agency Operator in $20 Million Human Smuggling and Money Laundering Conspiracy

A federal jury in the Middle District of Florida has convicted Lazaro Alain Cabrera-Rodriguez for his role in an international human smuggling operation and related…
Read More »
30 September

Richie
0 729

UK FCA Secures £851,402 Confiscation Orders for Victims of Crypto Investment Fraud

The UK Financial Conduct Authority has secured confiscation orders totalling £851,402.27 against two men convicted over a crypto investment fraud that caused at least 65…
Read More »
30 September

Richie
0 737

UK Authorities Arrest 17 in Joint Organised Crime and Money Laundering Operation

UK authorities have arrested 17 people in a major operation targeting a suspected organised crime group, with allegations including money laundering, failure to disclose suspicions…
Read More »
30 September

Richie
0 741

Hong Kong SFC Fines Zheng Da International HK$7 Million for AML/CFT and Regulatory Failures

Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Zheng Da International Financial Holding Limited and fined the firm HK$7 million for failures to comply…
Read More »

Richie

EU AMLA Finalises Home–Host Supervisory Cooperation Standards for Cross-Border Groups

U.S. Treasury Targets A7 Shadow Banking Network With FinCEN Rule and OFAC Sanctions

AUSTRAC Issues Infringement Notices to Businesses That Failed to Enrol Under Expanded AML/CTF Regime

EU AMLA Finalises Key CDD, Transaction and Group-Wide AML/CFT Standards

U.S. Senate PSI Report Finds USDT Dominant Across Iran-Linked Sanctioned Crypto Wallets

FINTRAC Imposes C$816,750 in AML Penalties on Four Canadian Credit Unions

U.S. Jury Convicts Travel Agency Operator in $20 Million Human Smuggling and Money Laundering Conspiracy

UK FCA Secures £851,402 Confiscation Orders for Victims of Crypto Investment Fraud

UK Authorities Arrest 17 in Joint Organised Crime and Money Laundering Operation

Hong Kong SFC Fines Zheng Da International HK$7 Million for AML/CFT and Regulatory Failures

Indian National Convicted in $150 Million U.S. Elder Fraud and Money Laundering Scheme

FinCEN Withdraws Proposed Rules on Unhosted Wallet Transactions and CVC Mixing

OFAC Sanctions Hamas Financing Network Using Sham Charities and Cryptocurrency

New Jersey Real Estate Investor Pleads Guilty to Mortgage Fraud and Money Laundering

UAE and Sweden Arrest Seven in SEK70 Million Money Laundering Investigation

spektr 3.0 Adds Real-Time Transaction Monitoring, Policy Controls and AI Casework

U.S. and French Authorities Target Alleged Cross-Border Terrorist Financing and Money Laundering Network

California Tech Company Owner Charged in Alleged $300 Million GPU Server Export and Money Laundering Scheme

Former Restaurant Cooperative CEO and Brother Charged in Alleged $80 Million Bribery and Money Laundering Scheme

OFAC Amends Eight Venezuela General Licenses, Easing Contract Choice-of-Law Requirements

UAE Central Bank Orders Urgent Forensic Review of Banque Misr Branches

FinCEN Imposes Record $125 Million BSA Penalty on UBS Financial Services

Sunway Maintains IJM Takeover Plan During MACC Probe; Matter Later Closed

Crypto Scam Losses Reached an Estimated US$17 Billion in 2025

Cambodia Sentences Eight Foreign Nationals to Life for Drug Trafficking and Money Laundering

FATF Updates Its Grey List: Compliance Implications of the February 2026 Plenary

Cyber-Enabled Fraud Is Now a Core AML Risk: What FATF’s 2026 Paper Means for Financial Institutions

Singapore Arrests Three in Prince Group Probe as Seized and Restrained Assets Exceed S$500 Million