April 07 - Two people have been jailed for a combined 13 years for laundering more than £6 million, after an investigation by the Metropolitan Police’s economic crime team. The group used criminal money to purchase vans and lorries in the UK and sold them to Ukraine. The earnings were then converted into cryptocurrency. They exploited the legitimate demand in Ukraine for vehicles as part of their war effort, and the lack of cryptocurrency regulation, to maximise their profit and made millions in just over a year.

April 07 - China’s central bank appears poised to list organisations and individuals at high risk of money laundering, as a new column detailing potential offenders has been added to the bank’s website as part of the country’s endeavours to clamp down on illicit finance. The move comes as Beijing updates its compliance system in advance of a major international inspection this year.

April 07 - When a man received a video call from a fake cop in May 2024 accusing him of money laundering, he made more than 10 bank transfers totalling $300,000. Wanting to be known only as Mr Lee, 60, he said he sent the money as he had been threatened with legal action if he did not cooperate with the authorities.

April 06 - Money laundering is the process of disguising illegally earned money to make it appear legitimate. Criminals engage in this practice to avoid detection by law enforcement and erase traces of their illicit financial activities. The economic impact of money laundering is profound, as it enables the rapid movement of "dirty money" across borders, disrupting audit trails and affecting exchange and interest rates. Instead of contributing to productive economic activities, money launderers channel funds into unregulated and often illicit investments. This not only weakens financial stability but also erodes ethical standards in society. The large-scale flow of illicit money can destabilize a nation’s financial system, create unfair competition, and reduce tax revenues. The consequences extend beyond economics, as they also fuel corruption, organized crime, and even terrorist activities.

April 04 - The governor of Lebanon's central bank, Karim Souaid, took office on Friday, pledging to advance key reforms demanded by international creditors to unlock bailout funds as the country reels from a years-long financial crisis. Souaid, an asset manager who had worked at major banks and was appointed to the top role on March 27, replaced an interim governor who had taken over from embattled three-decade chief Riad Salameh nearly two years ago.