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.
In our latest
On 16 February 2026, HM Government (HMG) launched a call for evidence to seek industry views on the application of the ownership and control test in UK financial sanctions regulations, including how firms implement the regulations and where they face challenges.
Background
The two-condition ownership and control test works to ensure that entities
On 4 February 2026, the Joint Money Laundering Steering Group published final amendments to various paragraphs within Part I of its guidance.
These include revisions to paragraphs:
The revisions
In our latest podcast, we discuss some of the key recent Financial Conduct Authority enforcement developments and outcomes, and key lessons learned for firms from these, including recent publicity developments and the cases concerning Nationwide Building Society, the Institute of Certified Bookkeepers and two former Finance Directors of Carillion plc.
For further information in this
On 4 February 2026, the EU Anti-Money Laundering Authority (AMLA) published its Single Programming Document for 2026-2028. The document is AMLA’s first multi-year plan, setting out priorities and timelines as it moves to delivery.
Among other things in 2026 AMLA will finalise the risk analysis and selection methodology which defines how obliged
The Saudi Capital Market Authority (CMA) has approved the Controls on the Ownership of Real Estate by Listed Companies, Investment Funds, and Special Purpose Entities (SPEs). These Controls will take effect concurrently with the new Law of Real Estate Ownership by Non‑Saudis (Royal Decree No. M/14) in January 2026.
These
On 26 January 2026, the EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) announced that it was launching a data collection exercise to test and calibrate its risk assessment models. These models serve two purposes: to inform the selection of up to 40 entities for AMLA’s direct supervision starting
On 28 November 2025, the Financial Conduct Authority published a Final Notice in respect of the Institute of Certified Bookkeepers, imposing a public censure for breaching certain provisions of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 due to serious deficiencies in its anti-money laundering supervision. For the
On 12 December 2025, the Financial Conduct Authority published a Final Notice imposing a fine of £44,078,500 on Nationwide Building Society for inadequate anti-financial crime systems and controls between October 2016 and July 2021. For the key takeaways from this case, as well as the key findings, please see our latest Notice in a Nutshell