Top stories this week:
FATF Highlights Growing Money Laundering Risks in Stablecoins | Crypto Sanctions Evasion Surged 694% 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, the FATF has highlighted growing money laundering risks in stablecoins, and AUSTRAC has released new guidance on examination powers.
In the fast-paced world of sanctions, a new report from Chainalysis reveals that crypto sanctions evasion surged 694% in 2025.
In the corruption space, the Head of Police Federation of England and Wales was arrested on suspicion of fraud.
We round off this week’s roundup with the full replay of our latest webinar, “Nationwide AML Failures – What Went Wrong.”
KYC & AML
FATF highlights growing money laundering risks in stablecoins
A new report from the Financial Action Task Force (FATF) highlights the growing use of stablecoins for money laundering and terrorist financing, particularly via unhosted wallet transactions
Spain dismantles money laundering ring
Twelve suspects have been arrested in Spain following a Europol-supported operation targeting a network that exploited war-displaced Ukrainian women to open bank accounts used to funnel illicit funds.
AUSTRAC releases guidance on examination powers
Australia’s regulatory authority AUSTRAC has published guidance on compulsory examination Section 172A powers.
EFG Bank Luxembourg offices raided in money laundering investigation
Luxembourg authorities searched EFG Bank Luxembourg’s offices as part of a 2025-initiated investigation into suspected AML failures, examining allegations of insufficient customer due diligence and failure to cooperate with authorities.
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Sanctions
Crypto sanctions evasion surged 694% in 2025
Chainalysis reports that value received by sanctioned entities surged 694% in 2025, driving total illicit crypto volume to a record $154 billion.
Corruption
Head of Police Federation of England and Wales arrested on suspicion of fraud
Mukund Krishna, Chief Executive of the Police Federation of England and Wales, was arrested alongside two other former national board members on allegations of fraud.
KYC360 News
Webinar Replay: Nationwide AML Failures – What Went Wrong
Join Shilo Grayson, Regulatory Strategy Specialist, at KYC360, for a focused examination of the key AML failings in the Nationwide £44M fine.
You'll learn:
- Why Nationwide’s ongoing CDD and customer risk assessment controls failed to keep customer risk current
- How business activity flowing through personal current accounts created a material blind spot
- Where transaction monitoring design and timeliness failed to support early intervention
- How fragmented controls can cause obvious signals to be missed
Your latest weekly update from the worlds of money laundering, legislation and regulation, sustainability, gaming and gambling, crypto and sanctions.
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