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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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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…

LSRA’s Gibraltar ‘Risk Scoring Policy’ introduces a refined risk-based methodology, clearer supervisory guidance, and stronger alignment with AML/CFT/CPF standards to better detect and mitigate FC risks

January 20, 2026

The policy explains how the LSRA applies a risk‑based approach—combining assessments of technical compliance (quality of policies, procedures, client due diligence, SARs, etc.), effectiveness in preventing financial crime and sanctions evasion, and materiality (the likelihood and impact of failures)—to assign an overall risk score to each firm. These risk scores help the LSRA categorize firms by risk level and determine appropriate supervisory actions, ensuring targeted oversight of legal practices engaged in relevant financial activities…

CoLP’s Report Fraud launch marks the UK’s shift from passive reporting to real-time, intelligence-led action, linking cases, detecting patterns, and tackling large-scale, cyber-enabled, and cross-border fraud

January 20, 2026

The platform provides a single, streamlined gateway for victims and businesses to report incidents, enables real-time intelligence sharing and triage across law enforcement and industry, and aims to identify serious and complex cases more quickly while ensuring consistent victim support. With fraud now accounting for around half of all crime and costing the UK billions annually, Report Fraud is designed to strengthen collaboration, disrupt criminal networks faster, and better protect the public and the economy…

Companies House delays presenter-related reforms until no earlier than November 2026 to prioritise completing identity verification under the Economic Crime and Corporate Transparency Act

January 16, 2026

The latest update to the transition plan confirms that Companies House will postpone the planned Spring 2026 introduction of presenter measures so it can focus on delivering identity verification for directors and people with significant control and respond to stakeholder feedback. The revised timetable reflects a sequencing decision within the Economic Crime and Corporate Transparency Act reforms to ensure core verification and data-quality changes are embedded before further filing and enforcement measures are introduced…

UK and EU sign a MoU to strengthen oversight of critical third-party providers, establishing coordinated cooperation, information sharing, and joint supervision against cyber-attacks and system outages

January 14, 2026

It aligns the UK’s Critical Third Party regime with the EU’s Digital Operational Resilience Act (DORA), promoting cross-border consistency while reducing regulatory duplication. The agreement aims to enhance financial stability, operational resilience, and market confidence, enabling faster, coordinated responses to risks affecting critical service providers and ensuring more effective supervision across both jurisdictions…

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