Top stories this week:
UK Announces Amendments to AML rules | AUSTRAC Opens AML Enrolment for Tranche 2 Businesses
Welcome to this week's edition of the KYC Roundup, your gateway to the most impactful developments in the world of Anti-Money Laundering (AML) and financial crime. In the AML arena, the UK has announced amendments to its AML rules, while AUSTRAC has opened AML enrolment for tranche 2 businesses.
In the fast-paced world of sanctions, the US has removed sanctions on Venezuela’s acting president.
In the corruption space, Turkey has detained Bursa’s mayor and 54 others on corruption charges
We round off this week’s roundup with the full replay of our latest webinar, “Balancing Sanctions Volatility and Screening Efficiency in 2026”.
KYC & AML
UK announces amendments to AML rules
The UK has announced Money Laundering and Terrorist Financing (Amendment) Regulations 2026, introducing new enhanced due diligence requirements for cryptoasset exchange providers and custodian wallet providers, tightening controls around changes in ownership of registered crypto businesses, and reinforcing alignment with the UK’s broader economic crime and sanctions strategy.
AUSTRAC opens AML enrolment for tranche 2 businesses
AUSTRAC opened enrolment on 31 March 2026 for tranche 2 businesses, including lawyers, accountants, conveyancers, real estate professionals, and dealers in precious metals, as part of a significant overhaul of Australia’s AML/CTF framework.
French rapper Gims charged with money laundering
Congolese-born French rapper Gims has been formally charged with aggravated money laundering and money laundering as part of an organised gang.
FinCEN proposes rule to pay financial crime whistleblowers
FinCEN has proposed a rule to formally implement its whistleblower programme, offering awards of 10 to 30 percent of collected monetary penalties where a tip leads to a successful enforcement action by Treasury or the Department of Justice, covering Bank Secrecy Act violations, US sanctions programmes, and other financial crime laws.
Sanctions
US Treasury warns of sham transactions risk
The OFAC has published a sanctions advisory, highlighting the risks arising from sham transactions used to evade sanctions.
US removes sanctions on Venezuela’s acting president
The US has removed Venezuela's interim leader Delcy Rodríguez from the Specially Designated Nationals list.
Corruption
Turkey detains Bursa’s mayor and 54 others on corruption charges
Turkish authorities have detained Bursa Metropolitan Mayor Mustafa Bozbey and 54 other suspects in coordinated raids across five provinces on 31 March 2026, on allegations including bribery, forming a criminal organisation, and laundering criminal proceeds. The opposition has condemned the operation as politically motivated.
KYC360 News
Webinar Replay: Balancing Sanctions Volatility and Screening Efficiency in 2026
Join Shilo Grayson, Regulatory Strategy Specialist at KYC360, for an insightful discussion on balancing sanctions volatility with screening efficiency in 2026.
You’ll learn about:
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Diverging sanctions approaches across the US, UK, and EU
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Secondary sanctions exposure and indirect ownership risk
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How complex beneficial ownership structures affect screening
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Regulatory expectations and how to evidence a defensible framework
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Using automation technology to manage sanctions volatility more efficiently
Your latest weekly update from the worlds of money laundering, legislation and regulation, sustainability, gaming and gambling, crypto and sanctions.
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