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Introducing this week's newsletter with essential insights on AML, financial crime, and regulatory updates—tailored for your success.

Portugal’s Novo Banco Fires Chief Risk Officer Over ‘Suspicious Transactions,’ Reports Matter To Regulator

PORTUGAL’s Novo Banco has fired its chief risk officer, reported its concerns over his conduct to the banking regulator and filed a complaint to the Public Prosecutor’s Office, which has launched an investigation.

Alderney Gambling Company Fined £1m

An Alderney-based gambling business is to pay £1m after a Gambling Commission investigation revealed social responsibility and anti-money laundering failures.

Greentube Alderney Limited, trading as Admiral Casino, will pay the money to socially responsible causes as part of a settlement with the commission.

Investigators have demanded Tulip Siddiq’s bank details in a move that will ratchet up the pressure on the embattled Treasury minister. Bangladesh’s anti-money laundering agency has asked the country’s main banks to supply information on her accounts and transactions.

Kazakhstan Blocks Illegal Crypto Exchanges To Combat Money Laundering

According to a recent press release from the AFM RK, the country’s financial watchdog, the regulator liquidated 36 illegal crypto platforms in 2024 with a combined turnover of 60 billion tenge (roughly $112.84 million) and has blocked access to over 3,500 unregistered crypto trading platforms in collaboration with the National Security Committee and the Ministry of Culture and Information.

On January 9, 2025, we published this article titled “Payroll startup Deel accused of money laundering, sanctions failures in Ponzi scheme lawsuit.” The article referenced reporting by The Information, which Deel, Inc. has disputed as containing inaccuracies.

FIU-IND, Irdai Sign MoU For Enhanced Anti-Money Laundering Efforts

Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (Irdai) on Monday signed a Memorandum of Understanding (MoU) for sharing of intelligence and information to check money laundering. The MoU was signed as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules....