The FinCEN CVC mixing withdrawal took effect on 6 October 2026, when the Federal Register published two notices that the Financial Crimes Enforcement Network had filed for public inspection the previous morning. The first withdraws the October 2023 finding and proposed rule under section 311 of the USA PATRIOT Act that would have treated international…
On 1 October 2026 FinCEN released a notice of proposed rulemaking under section 9714(a) of the Combating Russian Money Laundering Act that would add a new 31 CFR 1010.668 and prohibit every covered US financial institution from sending or receiving funds, including convertible virtual currency (CVC), in transactions involving the A7 Network’s Sub-Agents. The FinCEN…
On 25 September 2026 ITI Capital Ltd, an FCA-authorised broker that helped customers invest in shares and bonds and looked after those investments, entered special administration. Two insolvency practitioners from Teneo Financial Advisory Ltd were appointed as special administrators, and the FCA published a customer notice the same day. The firm had agreed on 10…
The FCA money mule review published on 23 September 2026, “Money mules: mule activity and cashing out findings”, reports that the 35 retail banks, building societies, challenger banks, payment institutions (PIs) and e-money institutions (EMIs) it surveyed offboarded 238,396 suspected money mules in 2025, up from 184,935 in 2023 and 233,269 in 2024. Its sharper…
goAML is Luxembourg’s electronic channel for suspicious-operation reporting and communication with the CRF; for lawyers, the platform integrates the Article 7 Bâtonnier filter before qualifying reports are forwarded to the CRF. In 2024 the CRF received significantly more suspicious reports than the prior year, according to its 2024 annual report. That same report covers the…