The UK ML/TF National Risk Assessment 2025 dropped last week and is a welcome update on those reported in 2015, 2017 and 2020. The NRA runs to 163 pages and provides a summary of the main ML & TF threats and trends since 2020 as well as summarising the most vulnerable sectors and highlights some interesting cross cutting issues. 1. Money Laundering: The main ML related threats are identified as being the “common predicate offences that generate criminal funds” and “harms” since 2020 ...| Financial Crime News
The FATF published a 134 page Report on TF risks which follows its previous comprehensive TF update in 2015. FCN have published a 2 page high level summary of this report. This report will assist both public and private sectors improve their responses, as effectiveness ratings for IO9 (Investigations and prosecutions of TF offences) & IO10 (Prevention of TO activities including TF raising storing moving & using funds including related to NP0s). Results as at mid 2025 from 197 countries as...| Financial Crime News
The FATF published updated payment transparency standards following their approval in June 2025, after a few years of consultation. The hard work to reach agreement has to be recognised and in particular the work of FATF’s Policy Development Group led by Co Chairs Takahide Habuchi & Elad Weider This initiative may well have been one of the toughest tasks FATF has undertaken and 2 consultations reflect the challenges involved, but also the wider environment. After many years a FATF com...| Financial Crime News
Today Financial Crime News is publishing an updated Financial Crime Dashboard on Singapore after spending a few weeks meeting many financial crime leaders in the city state, and just ahead of the FATF assessors coming to town for their 5th round onsite. See: FCN Singapore Dashboard June25Pbd The last full FATF evaluation was published in 2016 with a follow up report in 2019 so a lot has changed since then, both in terms of the threat and the response. See for 2016 & See for 2019: The last FA...| Financial Crime News