British officials unveiled nine threats Monday that will inform national anti-money laundering priorities in both the public and private sectors in the coming years.
In an 11-page report, the National Crime Agency, or NCA, listed grand corruption, cryptocurrency-enabled illicit finance, professional enablement of illicit finance, cash-based money laundering and financial flows linked to organized crime in Albania, China, Russia and the United Arab Emirates as key areas of focus for compliance departments.
The agency further identified fraud—particularly schemes perpetrated by syndicates in Ghana, Nigeria, India, Cambodia, Laos and Myanmar—terrorist financing and the exploitation of money mules as the remaining "system priorities," which align with the findings of an updated national risk assessment published Thursday.
The NCA explained that the national priorities, which the agency developed in partnership with some of Britain's largest banks, have the "full endorsement" of the Financial Conduct Authority, the country's primary AML regulator, and would "support the regulated sector in allocating resources to where they can have the most impact."
- Topics: Anti-Money Laundering and Countering the Finance of Terrorism
- Source: United Kingdom: Financial Conduct Authority
- Document Date: July 21, 2025
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