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FCA delivers speech at Future of Fintech 2025, unveiling plans to drive fintech growth and integrity through AI testing, Supercharged Sandbox, Open Finance, and tighter crypto oversight

by Jyotsna Bucktowar | Sep 18, 2025

FCA emphasized the UK’s position as a leading destination for fintech investment and discussed the Smart Data Accelerator, aiming to lay the groundwork for Open Finance by enabling secure data sharing to enhance consumer outcomes. She also touched upon the...

US DoJ leads international takedown of BlackSuit (Royal) ransomware, seizing $1.09M in cryptocurrency and highlighting coordinated cross-border efforts to dismantle global cybercrime

by Jyotsna Bucktowar | Aug 11, 2025

This coordinated effort involved multiple U.S. agencies, including Homeland Security Investigations (HSI), the Secret Service, IRS Criminal Investigation, and the FBI, alongside law enforcement partners from the U.K., Germany, Ireland, France, Canada, Ukraine, and...

US SEC’s Crypto Task Force hosts roundtables nationwide to engage directly with early-stage, smaller crypto firms – bringing fresh voices into the regulatory dialogue

by Jyotsna Bucktowar | Aug 1, 2025

By gathering insights from startups with limited resources and experience, the SEC aims to develop more effective, tailored regulations that address AML and compliance challenges specific to the evolving crypto landscape. This initiative reflects a broader effort to...

HKMA enforces a new stablecoin licensing regime from 1 Aug 2025, demanding strict AML/KYC, full reserve backing, and cracking down on false licensing claims to boost transparency and fight FC

by Jyotsna Bucktowar | Jul 29, 2025

Effective from 1 August 2025, the new guidelines set clear supervisory expectations, particularly emphasizing robust anti-money laundering (AML) and counter-financing of terrorism (CFT) controls to enhance the integrity and security of stablecoin operations. The HKMA...

US DoJ seeks to recover $7.74M laundered for North Korea via stolen identities, fake remote IT jobs, and cryptocurrency transactions to evade sanctions and fund illicit operations

by Jyotsna Bucktowar | Jun 5, 2025

The investigation revealed that these North Korean IT operatives used stolen identities to secure remote jobs at various companies worldwide, including blockchain development firms, allowing them to generate illicit cryptocurrency revenues for the North Korean...
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  • AMLA Chair appears before EP’s ECON and LIBE Committees to present AMLA’s progress, priorities, and answer MEPs
  • UK Govt publishes 2025 Anti-Corruption Strategy, expanding the Domestic Corruption Unit, tightening ML/TF oversight
  • FATF updates its 2023 Consolidated processes and procedures for AML/CFT mutual evaluations and follow-ups
  • FCA launches new Firm Checker tool to help consumers and businesses to verify whether a financial services firm
  • FinCEN’s 2025 Financial Trend Analysis on Ransomware shows that between 2022–24, FIs reported 4,194 ransomware incidents

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