AML Weekly Recap and Insights | Week 9th - 13th June 2025

Jun 13, 2025

Dear AML Professionals,

Another week has come to an end, bringing with it key developments and insights in the world of financial crime compliance.

This month, our weekly insights are brought by a useful resource for professionals by Aventine Lab: Best AML Tools in Australia.

It includes:

A review of AML tools active in Australia
Comparison of KYB-specific vs end-to-end onboarding platforms
Insights to support vendor selection and compliance planning

A useful resource to stay up to date with evolving AML solution providers!

Download the report for free

Money laundering never stops.

I just finished a training with a team of AML professionals. It’s incredible how much effort goes into preventing financial crime.

And yet - there’s that familiar frustration. All these efforts, and still… money launderers find ways to bypass the laws.

They say only 1% of criminally derived money is detected each year.

So why bother?

Because we’re not here to stop global money laundering on our own.

Our job is to prevent and detect it within our organization. That’s where our responsibility lies. That’s what regulators expect. And that’s where we can actually make a difference.

Wishing you a productive Friday.

Keep going. You’re doing important work.

The European Commission has proposed adding in its EU list of high-risk third countries Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela, while removing Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda, and the United Arab Emirates. These changes reflect recent updates by the Financial Action Task Force (FATF) regarding jurisdictions with strategic AML/CFT deficiencies. The proposed Delegated Regulation will enter into force after the scrutiny and non‑objection of the European Parliament and the Council within a period of one month, which can be prolonged for another month.
On 10 June 2025, the Central Bank of the UAE (CBUAE) imposed financial sanctions totaling AED 12.3 million on six exchange houses for violations of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) framework under Article 14 of Federal Decree Law No. (20) of 2018. The penalties followed examinations by the CBUAE which identified compliance failures.
The U.S. Department of Justice (DOJ) and the U.S. Attorney’s Office for the Eastern District of New Yorkindicted Iurii Gugnin for laundering over $500 million through U.S. banks and crypto exchanges using his companies, Evita Investments and Evita Pay. He facilitated transactions for customers linked to sanctioned Russian banks, failed to implement an AML program, did not file suspicious activity reports, and misled banks and regulators about his activities. Gugnin used false declarations to operate as a money transmitter and concealed the true origin of funds, violating multiple U.S. laws.