by Jyotsna Bucktowar | Jul 21, 2025
The priorities include combatting cash-based money-laundering, the exploitation of money mules, and fraud associated with overseas jurisdictions. The NCA estimates that over £100 billion is laundered through or within the UK each year. The publication meets a...
by Jyotsna Bucktowar | Jul 17, 2025
This enforcement action comes amid the FCA’s continued crackdown on unlawful crypto activities, highlighting that no crypto ATMs are legally registered in the UK. Therese Chambers of the FCA underscored that unregulated machines “support crime,” while Detective...
by Jyotsna Bucktowar | Jul 17, 2025
Key technologies under review include APIs, AI analytics, distributed ledger technology, and digital IDs—all aimed at boosting innovation while safeguarding against financial crime risks. With initiatives like the Smart Data Accelerator and ICO’s Innovation Hub, both...
by AdrianaAMLP | Jul 16, 2025
The majority of the penalty, £39.3 million, pertains to Barclays’ relationship with Stunt & Co, a gold bullion firm linked to Fowler Oldfield, a company involved in a major money laundering operation. Despite receiving £46.8 million from Fowler Oldfield,...
by AdrianaAMLP | Jul 15, 2025
It emphasises a risk-based, proportionate approach to enhanced due diligence, requiring senior management approval but allowing flexibility in signatories. Firms must promptly update PEP status and ensure clear documentation, training, and compliance oversight,...
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