London, June 1, 2026 — Wise Plc, the UK-based international money transfer platform and prominent player in London’s fintech landscape, has confirmed it is under investigation by Belgian authorities over concerns regarding its anti-money laundering (AML) controls, sending the company’s shares tumbling sharply in early trading. Investigation Details and Scope The Brussels Public Prosecutor’s Office opened a judicial investigation into Wise Europe, the company’s Belgium-based E

ZURICH — The Swiss Finance Ministry has formally appealed a Federal Criminal Court ruling that overturned a 100,000 Swiss franc ($127,000) fine imposed on Lara Warner, the former chief compliance officer of Credit Suisse, for failing to report suspected money laundering linked to Mozambique’s hidden debt scandal. The appeal marks a significant escalation in Switzerland’s ongoing efforts to enforce anti-money laundering (AML) obligations against senior banking executives, even

The European Union’s new Anti-Money Laundering Authority (AMLA) has opened a public consultation on draft Guidelines for the ongoing monitoring of business relationships, marking a significant step in harmonizing anti-money laundering and counter-terrorist financing (AML/CTF) requirements across member states. Key Details of the Consultation AMLA launched the consultation on June 2, 2026, seeking feedback from stakeholders on how obliged entities should implement ongoing moni

Wellington, New Zealand – The Reserve Bank of New Zealand (RBNZ) has launched civil proceedings in the Wellington High Court against The Co-operative Bank over three separate breaches of anti-money laundering obligations dating back to at least 2020. The legal action centres on significant failures within The Co-operative Bank’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) programme under the AML/CFT Act 2009. Three Core Breaches Identified The Reserv

The Criminal Investigation Department (CID) has arrested three individuals suspected of running an illegal online gambling operation and laundering proceeds through digital payment channels, police said on Saturday. The arrests followed a months-long probe that traced suspicious financial flows and coordinated activity on multiple betting platforms, law enforcement officials added. Authorities say the operation involved recruiting local agents, processing customer deposits, a

The Federal Court of Australia has imposed civil penalties of $50,000 and $45,000 respectively against Castra Licensee Pty Ltd (Castra) and Princeton Securities (NSW) Pty Ltd (Princeton) after they failed to pay infringement notices issued by AUSTRAC. In September 2024, AUSTRAC issued infringement notices to both businesses for alleged breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). Neither business paid the infringement amount o

Reporting to AUSTRAC is a key obligation for businesses regulated under Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. The information that we collect from these businesses plays a crucial role in protecting Australia from financial crime. It helps AUSTRAC and law enforcement agencies track down criminals through suspicious transactions and behaviour. As part of Australia’s AML/CTF reforms, we’re expanding the industries that we collect this

The EU’s new anti-money laundering authority is facing pressure to settle a growing compliance question: can group companies share AML-relevant information without breaching GDPR? The short answer emerging from the debate is yes, because EU AML law is designed to require meaningful information exchange inside corporate groups, while privacy rules still apply through safeguards such as necessity, proportionality and purpose limitation. The issue matters for banks, payment firm