Mauritius Cabinet approves FIAMLA (Administrative Penalties) Regulations 2025
The newly promulgated Financial Intelligence and Anti-Money Laundering (Administrative Penalties) Regulations 2025 mark a pivotal step in Mauritius’ consistent efforts to align with international AML/CFT standards. These regulations, endorsed by the Cabinet at its meeting on Friday, 31 October, introduce a structured, transparent penalty regime to enhance accountability and compliance across regulated sectors.
Mauritius Revenue Authority communique on fair share tax obligation
The Mauritius Revenue Authority (MRA) issued a communique dated 31 October 2025 on the new fair share contribution (FSC) for companies that was introduced as part of the Finance Act 2025. As previously reported, the FSC applies in respect of income derived from 1 July 2025 to 30 June 2028 for companies if they have supplies exceeding MUR 24 million or are required to be registered under the VAT Act and have chargeable income exceeding this threshold in an accounting year.
Source URL: https://www.mra.mu/download/Communique311025.pdf
Federal Decree-Law No. (10) of 2025: New UAE AML/CFT Law Comes into Force
The UAE issued Federal Decree-Law No. (10) of 2025, replacing the 2018 AML Law and introducing a significantly enhanced, FATF-aligned framework. Key developments include stronger governance, expanded CDD requirements, enhanced targeted financial sanctions obligations, and provisions regulating virtual asset service providers.
Source: https://uaelegislation.gov.ae/en/legislations/3314/download
The SCA and DFSA strengthen regulatory cooperation with Memorandum of Understanding on the oversight of auditors
The Securities and Commodities Authority (SCA), the United Arab Emirates’ regulator overseeing securities, commodities, and financial markets, and the Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), are pleased to announce a new Memorandum of Understanding (MoU) aimed at enhancing audit oversight and fostering greater regulatory cooperation between the two organisations.
DNFBPs: Enhanced Expectations Under the Updated AML/CFT Rules
The Ministry of Economy & Tourism-UAE has recently released the Revised Guidelines – V2 (Sept 2025) for all Designated Non-Financial Businesses and Professions (DNFBPs).
This version brings a more practical and risk-focused approach to AML, CFT, and CPF compliance, aligning with the UAE’s latest legal updates and international standards.
Outcomes FATF Plenary, 22–24 October 2025
The fourth Financial Action Task Force (FATF) Plenary meeting under the Mexican Presidency of Elisa de Anda Madrazo concluded today, with a strong commitment to focus efforts to deprive criminals around the world of their ill-gotten gains.
Source URL: https://www.fatf-gafi.org/en/publications/Fatfgeneral/outcomes-FATF-plenary-october-2025.html FATF
Jurisdictions under Increased Monitoring — 24 October 2025
Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring.
Source URL: https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-october-2025.html FATF
South Africa, Nigeria exit global financial crime watch list
South Africa and Nigeria, Sub-Saharan Africa’s largest economies, have been removed from the Financial Action Task Force’s grey list of countries under increased surveillance for illicit financial flows, alongside Mozambique and Burkina Faso, following the FATF’s October plenary meeting.
Source URL: https://www.reuters.com/world/africa/south-africa-nigeria-among-african-countries-dropped-fatf-grey-list-2025-10-24/ Reuters
Frequently Asked Questions Regarding Suspicious Activity Reporting Requirements
The Financial Crimes Enforcement Network (FinCEN), jointly with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, is issuing answers to frequently asked questions regarding suspicious activity reports and other AML/CFT considerations for financial institutions covered by SAR rules.
Source URL: https://www.fincen.gov/system/files/2025-10/SAR-FAQs-October-2025.pdf FinCEN.gov
FinCEN issues final rule severing Huione Group from the U.S. financial system
On October 14, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule that severs Cambodia-based Huione Group from the U.S. financial system. Huione Group serves as a critical node for laundering proceeds of cyber heists carried out by the Democratic People’s Republic of Korea and for transnational criminal organisations in Southeast Asia perpetrating virtual currency investment scams.
U.S. and UK take coordinated action against Southeast Asian cyber-criminal networks
The U.S. Department of the Treasury announced that OFAC and FinCEN, in close coordination with the United Kingdom’s Foreign, Commonwealth and Development Office, took complementary actions against criminal networks responsible for online scams and the laundering of stolen funds.
Source URL: https://home.treasury.gov/news/press-releases/sb0278
OCC announces enforcement actions for October 2025
The Office of the Comptroller of the Currency based in Washington today released enforcement actions taken against national banks and federal savings associations, and individuals currently and formerly affiliated with banks the OCC supervises.
Source URL: https://www.occ.treas.gov/news-issuances/news-releases/2025/nr-occ-2025-102.html OCC.gov
FINTRAC imposes an administrative monetary penalty on Xeltox Enterprises Ltd.
Canadian regulator FINTRAC announced on October 22 that it has imposed an administrative monetary penalty on Xeltox Enterprises Ltd. (operating as Cryptomus and previously known as Certa Payments Ltd.). Xeltox Enterprises Ltd, also operating under the name Cryptomus and previously known as Certa Payments Ltd, is a reporting entity in the money services business sector that provides virtual currency transaction services.
Source URL: https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-22-eng FINTRAC
FSCA imposes R10.6 million administrative penalty on Sanlam Collective Investments (RF) (Pty) Ltd
The Financial Sector Conduct Authority (FSCA) has imposed administrative sanctions against Sanlam Collective Investments (RF) (Pty) Ltd (SCI) for failing to comply with certain provisions of the Financial Intelligence Centre Act. The administrative sanctions include a financial penalty of R10.6 million, a directive to address the identified contraventions and a caution against future breaches.
Canada public notices of administrative monetary penalties — updated 22 October 2025
Backgrounder and list of public penalties published by FINTRAC.
Source URL: https://fintrac-canafe.canada.ca/pen/4-eng FINTRAC
FinCEN SAR FAQs — landing page
Frequently Asked Questions Regarding Suspicious Activity Reporting Requirements. Issued date: 9 October 2025.
France widens AML checks on registered crypto exchanges ahead of MiCA authorisations
France is conducting anti-money laundering inspections on dozens of crypto exchanges, including Binance and Coinhouse, as regulators determine which of over 100 registered entities will receive EU-wide operating permits under MiCA.