On 3 June 2026, the Financial Conduct Authority (FCA) published a set of responses to questions raised by firms on the introduction of anti-money laundering (AML) regulations for cryptoasset firms, specifically, on the interaction between the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (
On 1 June 2026, the Joint Money Laundering Steering Group (JMLSG) published a consultation paper setting out proposed amendments to Part I of its Guidance.
Summary
The JMLSG explained that the proposed amendments are intended to take account of The Money Laundering and Terrorist Financing (Amendment) Regulations 2026, as laid and yet to
On 29 April 2026, the Financial Conduct Authority (FCA) published Market Watch 85.
In this edition of Market Watch the FCA discusses how the Economic Crime and Corporate Transparency Act 2023 can help firms share customer information to fight economic crime.
On 16 April 2026, the Anti-Money Laundering Authority (AMLA) issued two consultations on draft instruments that establish how obliged entities should identify, assess, and manage money laundering and terrorist financing risks. The first consultation concerns draft guidelines under Article 10(4) of the Anti-Money Laundering Regulation (Regulation 2024/1624) (AMLR) which set out
On 15 April 2026, the Office of Financial Sanctions Implementation (OFSI) published its strategy for 2026 – 2029 to ensure UK financial sanctions remain effective, resilient and impactful.
The aim of the strategy is to deliver three key outcomes: an enhanced understanding of threats grounded in data; high quality licensing, enforcement and compliance
On 26 March 2026, a draft of the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 was published along with a draft explanatory memorandum.
Overview
This draft statutory instrument (SI) implements the Government’s response to HM Treasury’s 2024 consultation on improving the effectiveness of the Money Laundering, Terrorist Financing and Transfer of
On 16 March 2026, the EU Anti-Money Laundering Authority (AMLA) issued its reporting package for its data collection and testing exercise.
The exercise will test and calibrate AMLA’s risk assessment models to inform the selection, taking place in 2027, of up to 40 entities for AMLA’s direct supervision starting in 2028, and to
On 11 March 2026, the Financial Action Task Force (FATF) issued a report, Understanding and Mitigating the Risks of Off-shore Virtual Asset Service Providers.
The FATF has issued this report so that parties may better understand the risks of off-shore Virtual Asset Service Providers (oVASPs) with a view to identifying
On 3 March 2026, the Financial Action Task Force (FATF) published a targeted report on recommended practices for jurisdictions and the private sector to adopt to mitigate the misuse of stablecoins.
Overview
Compared to the FATF’s previous targeted update which focused on virtual assets more broadly, this targeted report focuses on stablecoins and
On 24 February 2026, the US Attorney’s Office for the Southern District of New York announced a new Corporate Enforcement and Voluntary Self Disclosure Program for Financial Crimes (the Program) which offers eligible companies a clear, two step path to a declination for fraud or financial misconduct affecting market integrity.
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