Top stories this week:
HMRC issues New Trade-Based Money Laundering Handbook | Four African Countries Exit FATF Grey List | UK Fraud Losses Surge in 2025
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, HMRC issues a new trade-based money laundering handbook, and four African countries are removed from the FATF grey list.
In the fast-paced world of sanctions, the UK sanctions an Iranian banker linked to IRGC financing.
In the corruption space, the FBI arrests law enforcement officers in a major drug trafficking sting.
We round off this week’s roundup with details of Experian’s recent acquisition of KYC360, which brings together compliance expertise and cutting-edge financial crime innovation.
KYC & AML
HMRC issues new trade-based money laundering handbook
The UK’s tax authority HMRC has created new guidance for trade-money laundering (TBML), which helps firms identify and tackle the activity.
UK fraud losses surge in 2025
A new report by UK Finance reveals that there were 2.09 million confirmed cases of fraud in the first half of 2025, which is a 17% increase compared to the same period in 2024. £629.3m in total was lost to fraud.
Four African countries exit FATF grey list
South Africa, Mozambique, Nigeria and Burkina Faso have been removed from the FATF’s list of countries which have deficiencies in their AML regimes.
FinCEN identifies $9 billion in Iranian shadow banking flows
FinCEN has issued a Financial Trend Analysis (FTA), identifying approximately $9 billion in transactions linked to Iranian shadow banking networks that flowed through U.S. accounts in 2024.
Donald Trump pardons Binance founder
U.S. President Donald Trump has pardoned Changpeng Zhao, founder of the world’s largest cryptocurrency exchange Binance. Zhao was sentenced to four months in prison for pleading guilty to enabling money laundering.
Sanctions
UK sanctions Iranian banker linked to IRGC financing
The UK has applied sanctions on Aliakbar Ansari for allegedly funding the activities of Iran’s Islamic Revolutionary Guard Corps (IRGC).
Corruption
FBI arrests law enforcement officers in drug trafficking sting
U.S. federal authorities have arrested two Mississippi sheriffs and multiple law enforcement officers for allegedly accepting bribes from drug traffickers, following an undercover investigation.
KYC360 News
KYC360 is now part of Experian UKI
We’re proud to share that KYC360 is now part of Experian in the UK! This marks a significant milestone in our journey and opens up incredible opportunities for growth, innovation, and impact.
Experian has a long legacy of providing award-winning fraud and financial crime solutions. Now, with KYC360 officially part of the Experian business, we’ll be helping take that legacy to the next level through innovative and automated financial crime compliance.
Your latest weekly update from the worlds of money laundering, legislation and regulation, sustainability, gaming and gambling, crypto and sanctions.
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