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House of Commons briefing reveals banking fraud soared to £1.2bn in 2023, making up over 40% of crimes against individuals, outlining urgent public and private sector action to tackle it

by Jyotsna Bucktowar | May 19, 2025

Despite the introduction of a new national fraud strategy and upcoming mandatory reimbursement rules for victims of authorised push payment (APP) fraud, the briefing highlights continued enforcement shortcomings. Alarmingly, only around 2% of reported fraud cases are...

House of Commons Library publishes report on use of sanctions against countries supporting Russia’s invasion of Ukraine

by AdrianaAMLP | Jul 17, 2024

Considers the impact of sanctions on countries, including China, India, Iran, the United Arab Emirates, Israel and Saudi Arabia who do not support unilateral sanctions against Russia.

UK House of Lords and House of Commons debates the efficacy and circumvention of sanctions on Russia

by Jyotsna Bucktowar | May 23, 2024

The key points include: the UK Foreign Secretary Lord Cameron will raise the issue of the “shadow fleet” and circumvention of the oil price cap at the European Political Community meeting in July 2024; the G7’s “lead idea” re seizure of Russian assets is transferring...

House of Commons publishes research briefing on company registration in the UK

by AdrianaAMLP | May 6, 2024

The UK Government is reforming Companies House and the company registration regime in the UK. This briefing looks at the company regime and the ongoing reforms.

House of Commons Library research briefing on cryptocurrencies

by AdrianaAMLP | Feb 22, 2023

The briefing examines what cryptocurrencies are, how they work, the benefits and challenges they offer, and how regulators have reacted to them. It covers the definition of cryptocurrencies and cryptoassets; the regulation of cryptoassets and stablecoins…
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Recent Posts

  • FATF publishes a targeted report on stablecoins and unhosted wallets, warning that these fast-growing crypto tools, facilitating over 80% of criminal virtual asset transactions, are fueling global ML/TF risks
  • EBA and ESMA launch a consultation to harmonise ‘fit-and-proper’ checks for senior bank and investment leaders, proposing clearer supervision, standardised suitability, and stronger AML safeguards – feedback by 25 May 2026
  • AUSTRAC publishes guidance on its new compulsory examination powers, detailing how it can require individuals or businesses to attend, answer questions, and provide documents for AML/CTF compliance
  • HMT publishes guidance on Using Digital Identities with the MLRs, clarifying that regulated firms can use certified digital identities on the DVS Register to meet AML customer due diligence requirements
  • CoLP Domestic Corruption Unit arrests the Chief Executive of the Police Federation of England & Wales and 2 senior officials on suspicion of fraud by abuse of position in a financial misconduct probe

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