UK Govt updates the MLRs 2026, strengthening due diligence for higher-risk scenarios and enhancing crypto oversight, pooled client a/cs, trust registration, transparency, and supervision

They also update monetary thresholds from euros to sterling, align cryptoasset regulation with the new FSMA-based framework, and expand oversight of trust and company service providers, including bringing “off-the-shelf” firm sales into scope. The reforms further tighten trust registration rules while introducing a low-risk de minimis exemption, clarify the treatment of reinsurance activities under insurance definitions, and enhance information-sharing…