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Money Laundering & Terrorist Financing

United Kingdom

This section covers AML/CTF initiatives by FCA, HMT, HMRC, JMLSG and other related UK organisations.

FCA Financial Crime: Guide for firms
HM Treasury Money Laundering Prevention
HMRC Money Laundering Regulations
JMLSG industry Guidance
FATCA UK Regulations 2013
FATCA UK Regulations Guidance 2013
Gambling Commission Money Laundering
National Crime Agency updates

And many more…

 

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FinTech Global’s article: The AML Maturity Curve and the Rise of Agentic Compliance, shows how AI is transforming AML compliance from manual checks into autonomous, proactive systems that combat FC

February 3, 2026

Financial institutions are moving along the “AML maturity curve” by adopting AI-powered systems that can autonomously manage compliance workflows, from risk detection and real-time monitoring to reporting. This shift transforms compliance from reactive, checklist-based processes to dynamic, end-to-end capabilities, allowing organisations to respond more effectively to complex financial crime threats while humans focus on oversight and strategic decision-making…

FCA ruling upheld by the UK Upper Tribunal finds Banque Havilland and two ex-employees schemed to weaken the Qatari riyal for profit, resulting in multi-million-pound fines and bans for market manipulation

February 3, 2026

The bank created a document nicknamed “Setting fire to the neighbour’s house fund”, outlining trades aimed at weakening Qatar’s currency peg to gain business advantage. The Tribunal confirmed misconduct but reduced the bank’s fine from £10 million to £4 million, while fines for the two individuals were also imposed, and both were banned from working in financial services. The FCA called the conduct a case of greed and emphasized holding those responsible accountable…

NCA and NatWest launch joint campaign to help businesses combat invoice fraud, urging firms to verify payments, spot fake invoices, and strengthen defences against increasingly sophisticated scams

January 29, 2026

The campaign targets accounts payable and finance teams, offering practical guidance: Check for changes to invoice or bank details, Verify by contacting suppliers directly, and Never transfer money until confident the payment is correct. The initiative is supported by an info sheet, a social media campaign, and the Home Office’s Stop! Think Fraud campaign, aiming to raise awareness, strengthen defences, and disrupt…

OFSI intensifies its crackdown on cryptoasset abuse, through the multi-agency Crypto Cash Fusion Cell and real-time intelligence to trace, disrupt, and stop illicit funds linked to sanctions evasion

January 29, 2026

OFSI is stepping up action against the misuse of cryptoassets, working closely with UK law enforcement and regulators through the multi-agency Crypto Cash Fusion Cell (CCFC)—which brings together the NCA, Metropolitan Police, HMRC, FCA, City of London Police, and OFSI itself—to trace, investigate, and disrupt illicit funds linked to sanctions evasion. By sharing intelligence and partnering with private sector experts like Elliptic, the CCFC rapidly converts real-time data into operational outcomes, sending a clear message that exploiting cryptoassets…

FCA releases its first ‘Enforcement Watch’ Newsletter, revealing 23 new regulatory and crypto misconduct, cases, weak FC controls, and key enforcement priorities

January 28, 2026

In first edition of ‘Enforcement Watch’ newsletter, the FCA explains how it is applying its updated enforcement publicity policy, confirms 23 new investigations opened between June and December 2025, and outlines action across firms, issuers and individuals. It also highlights priority risks including consumer harm, governance and financial-crime control failures, unauthorised and crypto-related activity, and the growing role of cross-border cooperation in tackling scams and misconduct…

FCA launches the Mills Review and seeks input on AI’s long-term impact on retail financial services, including markets, consumer behaviour, and regulation – by 24 Feb 2026

January 27, 2026

The review focuses, in part, on how increased use of AI may both mitigate and exacerbate fraud and financial crime, including risks of more sophisticated scams, automated consumer manipulation, model abuse and weaknesses in oversight, governance and accountability. It aims to inform future regulatory expectations by assessing how firms should deploy AI responsibly to strengthen fraud controls, maintain market integrity and ensure that crime-prevention capabilities keep pace with rapidly evolving technologies…

NCA intercepts a £710 million cocaine‑laden semi‑submersible in the Atlantic, teaming up with international partners to arrest four suspects and strike a decisive blow against organised crime

January 27, 2026

Working closely with Portuguese authorities and international partners, the agency provided critical intelligence and operational support that enabled the interception, which led to the arrest of four individuals. The operation dealt a significant blow to organised crime, preventing a major drug shipment from reaching Europe, while investigations continue to dismantle the criminal network behind the smuggling…

Home Office publishes a White Paper on ‘A New Model for Policing’, proposing reforms to build a stronger, tech‑enabled police service to tackle complex FC and strengthen local investigations

January 26, 2026

The paper proposes creating a more integrated National Police Service to tackle high-level threats while maintaining local investigative capacity, enhancing governance and accountability, investing in technology, data analytics, and specialist skills to detect and prevent sophisticated financial crimes, and establishing national performance frameworks to improve enforcement effectiveness and public confidence. These reforms aim to modernize policing and bolster capabilities to combat evolving financial crime and illicit networks…

FCA seeks feedback on final proposals for the cryptoasset regime, covering Consumer Duty, conduct standards, redress, safeguarding, and other key rules for crypto firms – responses due by 12 Mar 2026

January 23, 2026

FCA Consultation Paper CP26/4 sets out proposed rules and guidance on how existing UK Handbook requirements will apply to firms conducting regulated cryptoasset activities, covering areas such as the Consumer Duty, conduct of business standards, redress and dispute resolution, regulatory reporting, training and competence, senior management oversight (SM&CR), cryptoasset safeguarding, and retail collateral treatment in crypto borrowing, with the aim of promoting…

FCA consults on the Application of Consumer Duty to cryptoasset firms, urging them to protect retail consumers, ensure clear disclosures, vet high-risk cryptoassets, and act swiftly against fraud and FC – comments by 12 Mar 2026

January 23, 2026

The FCA’s GC26/2 guidance sets out how cryptoasset firms should apply the Consumer Duty — Principle 12 and its supporting rules — to their regulated activities, helping them deliver good outcomes for retail customers in a high‑risk, fast‑evolving market by embedding customer interests across products, pricing, communications and support, while recognising differences between crypto and traditional finance; the guidance supplements existing Duty guidance and is part of the UK’s broader framework to protect consumers and…

CPS orders money launderer who facilitated the movement of proceeds from a large-scale investment fraud in China to repay £5.6M or face additional jail time

January 22, 2026

Qian transferred a total of 67.7 Bitcoin to wallets controlled by Ling in February 2024 and then a further 16 Bitcoin were transferred to him in April 2024. After receiving the cryptocurrency, he then converted these into other cryptocurrencies, including Tether, the price for which is linked to the price of the US Dollar. Some of these funds were then transferred abroad and paid into bank accounts in the United Arab Emirates. Some of the cryptocurrencies held by Ling were sent to third parties and converted into cash…

UK Treasury Committee’s ‘AI in Financial Services’ Report warns AI is outpacing regulation, putting consumers and markets at risk and calling for clearer rules, stress testing and stronger oversight of tech providers

January 20, 2026

The report highlights concerns around opaque decision-making, fraud, cybersecurity, market concentration and heavy reliance on major tech and cloud providers, concludes that regulators have been overly reactive, and calls on the FCA, Bank of England and HM Treasury to issue clear AI guidance, introduce AI-specific stress testing and strengthen oversight of critical third-party providers to ensure innovation does not undermine trust or stability in the financial system…

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