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Our monthly round up of news items which are of particular relevance to those businesses regulated for the purposes of Anti-Money Laundering.
Criminals lose, compliance wins, the smarter way to safeguard your business.
Cyber Security
Colt telecom hit by Warlock ransomware
On 12 August 2025, Colt Technology Services, a UK telecom provider, suffered a ransomware attack linked to the Warlock group.
The breach impacted internal systems such as the Colt Online customer portal and Voice API by exploiting a SharePoint vulnerability (CVE-2025-53770).
Attackers stole several hundred gigabytes of data including employee salaries, financial records, and network architecture, which was subsequently offered for sale online.
Comment – This incident underscores the urgent need for rapid patching and robust cyber hygiene, particularly for critical infrastructure providers. We can help.
Organised Crime
NCA arrests in high-value drug trafficking operation
In mid-August 2025, the UK’s National Crime Agency (NCA) made multiple arrests related to a major drug trafficking ring. Among the operations exposed was an £800,000 seizure of crack cocaine hidden inside a wheel of parmesan cheese.
Another case involved a corrupt airport manager sentenced to over 16 years for facilitating a cocaine smuggling plot. These incidents highlight how organised crime often employs unorthodox and creative methods to conceal illicit activity.
Comment – These incidents highlight, once again, how organised crime gangs will often employ unorthodox and creative methods to conceal illicit activity.
Regulatory
ProgressPlay fined £1 million for AML and social responsibility failures
On 21 August 2025, the UK Gambling Commission hit ProgressPlay Limited with a £1 million fine following severe anti-money laundering (AML) and social responsibility breaches.
The company, which operates about 134 white labelled online gambling platforms, failed to conduct adequate risk assessments, customer source-of-funds checks, and safeguards against harmful gambling behaviours.
Regulators have also required a third-party audit to ensure meaningful reforms.
Comment – Do you want an effective tool to help manage you due diligence and risk assessment responsibilities? Look no further than Investigation Engine.
Another enjoyable and interesting read Colin 😊
Thank you Greg, appreciate that. 😀