FCA Set to Become the UK’s Single AML Supervisor: A Major Shakeup for Lawyers and Accountants
The UK is preparing for one of the biggest regulatory shifts in recent years as the Financial Conduct Authority (FCA) is expected to take...
Conveyancing Crackdown: UK Property Lawyers Face Stricter AML Rules as Suspicious Reports Surge
The UK conveyancing sector is entering a period of intense scrutiny after new data revealed that an overwhelming majority of suspicious activity alerts submitted...
Kazakhstan Unveils Sweeping Anti-Money Laundering Crackdown: From Crypto Wallets to Shell Companies
In a major policy overhaul, Kazakhstan’s government has greenlit a comprehensive resolution to tighten its defenses against money laundering, terrorist financing, and even the...
Game-Changer in FinCrime: Regulators Endorse LLM-Generated SARs as More Accurate
Financial supervisors are increasingly convinced that Suspicious Activity Reports (SARs) drafted using large language models (LLMs) are delivering higher quality disclosures. At a recent...
Record-Breaking Fine: Germany Hits J.P. Morgan SE with €45 Million for Major AML Failures
Germany’s financial regulator, BaFin, has imposed a massive €45 million fine on J.P. Morgan SE, the Frankfurt-based European unit of the U.S. banking giant,...
