Anti Money Laundering News (06 Jun – 12 Jul 2026)
Welcome to this week’s edition of the Global AML News Weekly Digest. Here are the top stories making headlines around the world.
Swedish Court Upholds AML Fines Against Three Gambling Operators Over Customer Due Diligence Failures
Sweden’s Supreme Administrative Court has upheld anti-money laundering (AML) penalties imposed on three gambling operators, confirming the regulator’s enforcement action over deficiencies in customer due diligence (CDD) and source-of-funds verification. The ruling reinforces the obligation of licensed gambling companies to conduct robust AML checks, particularly for high-risk customers, and demonstrates that inadequate monitoring of customer transactions and financial activity can result in substantial regulatory penalties. The decision signals that Swedish authorities will continue taking a strict approach to AML compliance across the gambling sector, emphasizing risk-based controls, ongoing monitoring, and effective customer verification.
Federal Reserve Proposes Higher Threshold for BSA/AML Enforcement Citations to Promote Risk-Based Compliance
The U.S. Federal Reserve has proposed raising the supervisory threshold for certain Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) citations, aiming to modernize regulatory oversight and encourage a more risk-based compliance framework. The proposal aligns with broader AML reforms under the Anti-Money Laundering Act of 2020, shifting supervisory expectations away from technical violations toward identifying significant weaknesses that materially increase illicit finance risk. Regulators intend to focus enforcement on serious compliance failures while providing financial institutions greater flexibility to allocate resources according to their AML/CFT risk assessments. If finalized, the proposal could significantly reshape supervisory examinations and AML program expectations across U.S. banks.
Australia Introduces Tougher AML Rules for Real Estate Agents to Combat Money Laundering
Australia is expanding its anti-money laundering (AML) regime by bringing real estate professionals under stricter compliance obligations to reduce the use of property transactions for laundering illicit funds. The reforms will require real estate agents to conduct customer due diligence (CDD), verify client identities, assess money laundering risks, maintain records, and report suspicious transactions to authorities. The new measures address a long-standing regulatory gap that has made Australia’s property market vulnerable to criminal exploitation. By extending AML requirements to designated non-financial businesses and professions (DNFBPs), the reforms strengthen transparency and align Australia’s AML framework more closely with international FATF standards.
France’s AMF Releases AML/CFT Supervision Report Highlighting Key Compliance Weaknesses
France’s Autorité des Marchés Financiers (AMF) has published a summary of its anti-money laundering and counter-terrorist financing (AML/CFT) supervisory activities, outlining common compliance deficiencies identified during inspections of financial market participants. The report highlights weaknesses in customer due diligence, beneficial ownership verification, transaction monitoring, risk assessment, governance, internal controls, and suspicious transaction reporting. The AMF urges regulated entities to strengthen their AML frameworks through enhanced risk-based controls, improved governance, regular monitoring, and stronger documentation practices. The publication provides valuable guidance for firms seeking to meet evolving AML/CFT regulatory expectations.
Dutch Central Bank Fines ABN AMRO for Deficiencies in Its Anti-Money Laundering Framework
The Dutch central bank (De Nederlandsche Bank – DNB) has imposed a regulatory fine on ABN AMRO after identifying shortcomings in parts of the bank’s anti-money laundering (AML) framework. According to the regulator, weaknesses were found in elements of the bank’s AML controls and compliance processes, prompting enforcement action despite ongoing remediation efforts. The case underscores regulators’ continued expectation that financial institutions maintain effective AML governance, customer due diligence, transaction monitoring, and risk management systems at all times. The enforcement action serves as a reminder that incomplete or ineffective AML controls can result in significant financial penalties and heightened supervisory scrutiny.
Nevada Fines The Venetian $7.2 Million Over Dealings Linked to Illegal Bookmaker
Nevada gaming regulators have fined The Venetian Resort $7.2 million after identifying compliance failures related to dealings with an illegal bookmaker. The enforcement action stems from deficiencies in anti-money laundering (AML) controls, customer due diligence, and oversight that allowed a high-risk gambling customer associated with unlawful betting activities to continue gambling at the casino. The settlement highlights increasing regulatory scrutiny of casinos’ AML obligations, including enhanced due diligence, source-of-funds verification, suspicious activity monitoring, and effective risk management. The case reinforces that gaming operators must maintain strong AML compliance programs to prevent financial crime and protect the integrity of the regulated gambling industry.
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