European Artificial Intelligence Act (AI Act) comes into force – The Act is designed to ensure that AI developed and used in the EU is trustworthy, with safeguards to protect people’s fundamental rights. The regulation aims to establish a harmonised…

NCA has released its 2024 annual assessment of serious and organised crime, issuing a stark warning that drug use is now more dangerous than ever. The threat from drugs to the UK has increased due to a rise in the production of cocaine, an expanding…

FINTRAC updates its guidance on how to report suspected sanctions evasion in a Suspicious Transaction Report. All reporting entities and their employees must report suspicious transactions. An employee is only expected to report…

EBA and ECB release a joint report on payment fraud and the role of strong customer authentication. The report assesses payment fraud reported by the industry across the European Economic Areas (EEA), which amounted to €4.3bn in 2022 and €2.0bn…

FinCEN issues final rule to combat illicit finance and national security threats in the investment adviser sector. The final residential real estate rule will require certain industry professionals to report information to FinCEN about non-financed transfers…

Transparency International releases its Annual Report for 2023 showcasing the work of the TI Secretariat, which coordinates the broader movement worldwide, spearheads global and joint advocacy, gathers best practices, conducts…