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FCA and PRA launch consultation on SM&CR reform, aiming to simplify checks, speed approvals, and support growth – have your say by 7 Oct 2025

by AdrianaAMLP | Jul 15, 2025

Proposed changes include extending timelines for senior manager approvals, reducing duplicative certification roles by 15%, and simplifying annual checks to certify individuals as ‘fit and proper’ for their roles. These measures are part of a broader...

FCA prosecutes 2 individuals for orchestrating a £1.5M cryptocurrency investment fraud that deceived 65+ victims through fake firms CCX Capital and Astaria Group LLP

by AdrianaAMLP | Jul 4, 2025

Operating between 2017 and 2019, the duo lured victims via cold calls and fraudulent websites, claiming to offer legitimate crypto investments. Bedi was sentenced to 5 years and 4 months, while Mavanga received 6 years and 6 months, including time for tampering with...

FCA convicts two individuals for insider dealing and laundering nearly £1M in illicit gains, exploiting confidential market data and moving the proceeds through international transfers

by AdrianaAMLP | Jul 4, 2025

Redinel Korfuzi was sentenced to 4 years and 6 months in prison for insider dealing and money laundering after misusing confidential information obtained through his role at an investment bank to generate nearly £1.5 million in illicit profits. His sister, Oerta...

FCA, BoE, PRA, and PSR revise their MoU to strengthen coordination on payment systems, aligning with NPV and enhancing fraud and digital wallet oversight through clearer roles and data sharing

by Jyotsna Bucktowar | Jun 24, 2025

The updated MoU clarifies roles, embeds data sharing, and promotes joint supervision, particularly around issues like push payment fraud and digital wallets. It also prepares for the planned consolidation of the PSR into the FCA, ensuring a seamless transition while...

FCA secures convictions against 2 individuals for insider dealing and ML, after they misused confidential market information to generate over £1M in illegal profits

by AdrianaAMLP | Jun 19, 2025

The FCA successfully prosecuted Redinel and Oerta Korfuzi for insider dealing involving 13 companies and for laundering proceeds from both trading and unrelated criminal activity. The FCA’s market surveillance systems detected the misconduct, and confiscation...
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Recent Posts

  • UK’s new ‘Failure to Prevent Fraud’ offence takes effect 1 Sept 2025 – making organisations liable if an employee, agent, subsidiary, or other third party commits fraud for their benefit
  • AUSTRAC’s new AML/CTF Rules 2025, effective in phases from 31 March and 1 July 2026, strengthen obligations for reporting entities and new sectors, boosting efforts to detect and combat ML/TF risks
  • FinCEN issues Advisory and Financial Trend Analysis highlighting how Chinese ML networks are moving cartel-linked illicit funds through U.S. banks and informal transfer channels
  • Dutch Central Bank (DNB) fines Neobank Bunq €2.6M  for serious deficiencies in its AML controls during the period under review, from Jan 2021 to May 2022
  • GI-TOC analysis warns by 2035, the Western Balkans could become a nexus for cybercrime, combining blockchain and AI innovation with organised crime in “criminal states” and resource-scarce markets

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