Government commits £500m to tackling money laundering as financial crime threat evolves
The UK government is to invest more than £500 million in a new crackdown on money laundering and illicit finance, including the recruitment of 500 additional financial crime officers. The investment, spread over three years and funded through the economic crime levy, forms part of the government’s new Anti-Money Laundering and Asset Recovery Strategy. The […]
Aston University to lead 1.4m euro EU project targeting crypto AML risks
Aston University has been awarded €1.4 million in European Union funding to lead a new cross-border initiative aimed at strengthening anti-money-laundering (AML) protections in cryptocurrency markets. The four-year project, known as FORCE (Fostering Optimal Regulatory Compliance for Cryptocurrencies: An Interdisciplinary Approach), is backed by the EU’s Horizon Europe programme under the Marie Skłodowska-Curie Actions (MSCA) […]
EU adopts new laws to combat money laundering
The European Parliament has adopted a package of laws strengthening the EU’s toolkit to fight money-laundering and terrorist financing, ensuring that people with a legitimate interest, including journalists, media professionals, civil society organisations, competent authorities, and supervisory bodies, will have immediate, unfiltered, direct and free access to beneficial ownership information held in national registries and […]