Scion Roundup (24th-30th September 2025)

Weekly Roundup - 30 September 2025

Policy

- Europol is actively engaging with the anti-financial crime community, as evidenced by the upcoming participation of Alexander Resch, Head of Financial Crime, in the International Anti-Financial Crime Summit 2025. This reflects Europol's commitment to fostering dialogue and collaboration in the fight against financial crime.

- Interpol is set to promote its 'I-Checkit' Customer Due Diligence system, highlighting ongoing efforts to enhance global compliance frameworks and due diligence processes.

- The United States is poised to ease Anti-Money Laundering (AML) regulations for non-bank businesses. This policy shift aims to streamline compliance requirements, potentially reducing the regulatory burden on sectors outside traditional banking.

- The European Union is urging major US technology firms to address significant financial losses attributed to online scams, estimated at €4 billion. This initiative highlights the growing concern over digital fraud.

Enforcement

- The National Crime Agency (NCA) has reported several significant enforcement actions, including the apprehension of a British murderer in Spain and the sentencing of a pilot involved in cocaine trafficking to nine years in prison.

- France's Tracfin successfully intercepted an attempt by scammers to defraud an 83-year-old man of €400,000.

- The NCA announced the sentencing of a notorious gangland armourer, known as 'Aceprospect', to over 26 years in prison as part of Operation Venetic.

- The NCA successfully prosecuted an individual involved in the production of ecstasy, resulting in a seven-and-a-half-year prison sentence.

- The NCA arrested a suspect in connection with a cyber incident targeting the aerospace sector.

Sanctions

- No significant updates this week.

Crypto

- In a landmark enforcement action, Canadian police have recovered $56 million in the country's largest ever cryptocurrency seizure.

Industry Moves

- AML Intelligence has announced an event focusing on the integration of artificial intelligence in compliance, exploring why a hybrid AI approach is considered optimal for compliance professionals.

- Derville Rowland from the Anti-Money Laundering Authority (AMLA) is scheduled to speak at the International Anti-Financial Crime Summit 2025 in London this October.

- SymphonyAI, in collaboration with AML Intelligence, has launched what is described as the world's most comprehensive financial crime compliance survey, part of the 'FinCrime Frontier 2025'.

Other

- Bank of America Securities has agreed to pay $5.56 million to settle allegations of market manipulation.

- AML Intelligence has joined the World News Day 2025 campaign to advocate for fact-based journalism.

- Catherine de Bolle, head of Europol, has called for the modernisation of EU police forces to adapt to evolving technological challenges.

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