Our Scans · (FS.7.04) Anti-Money Laundering (AML) · Weekly Summary

• [New] The overall risk of money laundering in Mauritius is Medium-High, due to internal threats such as drug trafficking, fraud, and illegal betting, and external threats such as corruption and tax evasion. Platform Africa
• [New] Border security: Although Canada has made investments in border security, further collaboration, especially on money laundering, immigration and drug / arms trafficking, will likely come up during negotiations. RBC
• [New] As the global financial crime landscape continues to evolve, the role of Artificial Intelligence in Anti-Money Laundering (AML) is expected to mature from operational enhancement to strategic, systemic integration. AuthBridge
• Money laundering is a global issue that poses a significant threat to the integrity of financial systems and institutions. HR Fraternity
• The European Union plans to remove the UAE from its list of countries that pose a high risk for money laundering, amid growing efforts by the Emirates to boost its regulatory framework. The National
• The FCA urges firms to improve checks against fraud and money laundering risks. Insurance Business
• Crypto assets need a global regulatory framework so that every jurisdiction can operationalise the detailed local requirements aligned to global principles, in order to mitigate risks of money laundering. Moneycontrol
• Singapore has been warned by the FATF for two consecutive years about issues in anti-money laundering (AML) and counter-terrorism financing. ChainCatcher
• India is preparing a dossier to advocate for Pakistan's possible re-entry into the FATF Grey List, citing risks of: Terror financing. Raman Academy
• Not only a regulatory requirement but also a strategic framework that allows financial institutions, fintechs, and Money Services Businesses to allocate resources effectively, mitigate real threats, and satisfy global regulators like FATF and FINTRAC. Paycompliance
• As digital banking continues to emerge and evolve, guaranteeing compliance with AML regulations will remain a pivotal priority for fintech firms aspiring to build trust and maintain operational integrity in the global financial landscape. Vertex Compliance
• Regulatory bodies like the U.S. Securities and Exchange Commission (SEC) and the European Central Bank have voiced concerns about the potential for money laundering and tax evasion tied to digital currencies. Market Data Forecast
• Pakistan is leveraging cryptocurrency to strengthen ties with the Trump administration, amidst concerns over lax anti-money laundering enforcement and potential terror financing risks. The Economic Times
• South Korea will lift the ban on institutional cryptocurrency operations in June, but will strengthen KYC requirements for exchanges and banks to combat money laundering. Adler's Insights
• Any businesses providing services to or on behalf of customers engaged in international trade with the U.S. may face an increased money laundering risk going forward. Willkie Compliance Concourse
• In 2025, privacy coins will face growing regulatory scrutiny as governments and financial institutions worldwide intensify their efforts to combat money laundering, terrorism financing, and untraceable transactions. Flashift Crypto Blog
• Money laundering and related financial crimes pose significant risks to businesses and the global financial system. Binderr
• AI technologies have the potential to better detect suspicious activities and improve operational efficiency in AML controls. Financial Crime Academy
• By embracing cutting-edge blockchain forensics, collaborating on global regulations, and enforcing stricter AML and KYC measures, we can mitigate the risks of the shadow crypto financial system while preserving the innovation that blockchain technology promises. Analytics Insight
• The new European Anti-Money Laundering Authority will launch in 2025 and gain direct supervisory powers over financial institutions and large companies starting in 2026. Altares
• Regulations: Tighter rules, like Europe's PSD3 and global open banking frameworks, will spur wallet providers to innovate in areas such as payment authentication and anti-money laundering (AML) compliance. Paysafe
• The Anti-Money Laundering regulator was shifting its focus to the cryptocurrency industry in 2025 amid a crackdown on crypto ATM providers who might be flouting Anti-Money Laundering laws. CoinTelegraph
• Implementing consistent global standards for crypto regulation, including Travel Rule compliance, could significantly reduce the use of digital assets for money laundering and other financial crimes. Bip39 Phrase Wordlist of 2048 words

Last updated: 26 June 2025