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Anti-money laundering (AML) software helps financial institutions and other regulated businesses detect, investigate, and report suspicious activity that may be linked to money laundering, terrorist financing, or other financial crimes. Rather than relyin

Giles Thomson, the new President of the Financial Action Task Force (FATF), has unveiled a multi-year roadmap to confront what he described as a global fraud epidemic costing $500 billion each year. Thomson outlined the plan in his inaugural speech on Jul

On July 6th, 2026, the Australian Transaction Reports and Analysis Centre (AUSTRAC) required online bookmaker bet365 to enter a legally binding, court-enforceable undertaking after identifying serious gaps in how the company assesses money laundering risk

The European Union's anti-money laundering framework is undergoing its biggest structural change in decades. At the center of that change sits the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA), a Frankfurt-based agen

Know Your Customer (KYC) is the process financial institutions use to verify a customer's identity, understand the nature of the customer relationship, and assess the risk of money laundering, terrorist financing, fraud, and other financial crime. KYC beg

Canada's real estate industry continues to face increasing scrutiny from regulators. While most brokerages are focused on closing transactions and serving clients, anti-money laundering (AML) obligations have become a growing operational responsibility. T

The SEC has fined Bank of America's Merrill Lynch business $7.5 million after determining the firm failed to file numerous Suspicious Activity Reports (SARs) over a four-year period. While the penalty itself is significant, the underlying cause is even mo

Casinos occupy a specific and heavily scrutinized position in the U.S. anti-money laundering (AML) framework. Large volumes of cash, rapid transaction turnover, and a diverse international customer base make them attractive to those seeking to legitimize

For Canadian financial institutions and regulated businesses, reporting to FINTRAC is a critical part of maintaining compliance. Whether it's a Suspicious Transaction Report (STR), Large Cash Transaction Report (LCTR), Electronic Funds Transfer Report (EF

In June 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) released a new guide titled Introduction to the Office of Foreign Assets Control. While the document is positioned as an educational resource, it carries an import