On 18 June 2025, the Financial Action Task Force (FATF) announced that changes to Recommendation 16 of the FATF standard, also referred to as the ‘Travel Rule’ in the context of virtual assets, were agreed by members at the FATF’s June 2025 Plenary meeting. The changes will come into effect by the end
Money laundering
Commission updates list of high-risk countries presenting strategic deficiencies in their national AML/CFT regimes
On 10 June 2025, the European Commission (Commission) adopted a Delegated Regulation which amends Delegated Regulation (EU) 2016/1675.
Delegated Regulation 2016/1675 is provided for under the Fourth Money Laundering Directive (4MLD) identifying third countries that have strategic deficiencies in their anti-money laundering (AML) and countering the financing of terrorism…
EBA Final Report on draft RTS on the criteria for the appointment of central contact points for electronic money issuers and payment service providers

On 25 April 2025, the European Banking Authority (EBA) issued a Final Report containing draft regulatory technical standards (RTS) amending Commission Delegated Regulation (EU) 2018/1108 on the criteria for the appointment of central contact points for electronic money issuers (EMIs) and payment service providers (PSPs) and with…
Key takeaways for regulatory investigations lawyers from the Regulatory Initiatives Grid

- ‘Name and shame’ proposal: The new RIG reflects the FCA’s 11 March 2025 letter to the Treasury Select Committee
FCA updates its webpage on cash-based money laundering


On 2 April 2025, the Financial Conduct Authority (FCA) published an updated version of its webpage on cash-based money laundering.
The webpage provides information on the FCA’s work to reduce money laundering through cash deposits and its expectations of firms’ controls, including information on access to cash, financial crime controls, and mitigating…
Updated HMT Money Laundering Advisory Notice: High Risk Third Countries


On 27 March 2025, HM Treasury issued an updated Money Laundering Advisory Notice.
The update reflects changes to the countries in scope of High Risk Third Countries, as defined in the Money Laundering Regulations 2017, following updates to the lists of the Financial Action Task Force at its plenary meeting in February 2025.
US Regulatory Intelligence update – FinCEN Narrows Beneficial Ownership Information Reporting Rule

The Financial Crimes Enforcement Network adopted an interim final rule to narrow the existing beneficial ownership information reporting requirements under the Corporate Transparency Act.
The full update can be found here on our US Regulatory Intelligence platform.
The Economic Crime and Corporate Transparency Act 2023 (Commencement No 4) Regulations 2025


On 13 March 2024, there was published on legislation.gov.uk, The Economic Crime and Corporate Transparency Act 2023 (Commencement No 4) Regulations 2025.
These Regulations are the fourth commencement regulations made under the Economic Crime and Corporate Transparency Act 2023 (the Act).
Regulation 2 commences certain provisions in Parts 1 and 2 of the…
HMT publishes AML/CFT supervision report for 2023-24


On 13 March 2025, HM Treasury (HMT) published its annual report for 2023 to 2024 on anti-money laundering and counter-terrorist financing (AML/CFT) supervision.
The report sets out information about the activities of AML/CFT supervisors between 6 April 2023 and 5 April 2024. AML/CFT supervisors are appointed by HMT to monitor the…
EBA consults on draft RTS for AMLA operations
On 6 March 2025, the European Banking Authority (EBA) published a consultation paper setting out draft Regulatory Technical Standards (RTS) as part of its ongoing implementation of the EU’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) package. The draft RTS will be part of the EBA’s response…