Financial Services
Track AML/CFT regulation, enforcement and compliance developments across the non-bank financial sector. Coverage includes securities firms, broker-dealers, asset and wealth managers, investment advisers, insurers, lenders, finance companies and other regulated financial institutions.
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Thailand’s Enhanced KYC/CDD Rules Take Effect for Capital Market Firms
Thailand’s Securities and Exchange Commission (SEC) has brought enhanced Know Your Customer and Customer Due Diligence requirements into effect from 16 August 2026, tightening controls…
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FCA Review Finds Financial Crime Control Gaps Across Asset Managers and Private Markets
The UK Financial Conduct Authority’s 22 July 2026 review of financial-crime controls across asset-management and alternatives firms found material gaps in risk assessment, customer due…
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Fraud Detection Market in BFSI Projected to Reach $15.06 Billion by 2031
The global market for fraud detection and prevention technologies used across banking, financial services and insurance is projected to grow from $7.78 billion in 2026…
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Bank of Lithuania Temporarily Restricts Lux International Payment System During AML/CFT Inspection
The Bank of Lithuania has temporarily prohibited electronic money institution UAB Lux International Payment System from providing financial services to both new and existing customers…
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OCC Rejects Bunq US Charter Over Compliance Concerns
The OCC has rejected Dutch fintech Bunq’s US national bank charter application, citing significant compliance concerns and slowing its American expansion.
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Brazil Tightens Crypto Transfer Rules to Curb Fraud
Brazil’s central bank has introduced new anti-fraud rules that will allow certain cryptocurrency transfers to be delayed for up to 24 hours, responding to the…
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US Treasury Targets Iran’s Global Clandestine Currency Networks
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a network of exchange houses, companies and facilitators accused of helping…
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Reform UK Leaders Sue NCA Over Alleged STR Leak
Nigel Farage and Richard Tice are suing the UK National Crime Agency over an alleged leak involving suspicious transaction reports.
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FCA Steps Up Scrutiny of Unregulated Lenders
The FCA is increasing scrutiny of unregulated lenders, leasing companies and money brokers over financial crime and market risks.
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Wall Street Firms Face Sophisticated Cyberattack Attempts
Major hedge funds, private equity firms and other Wall Street institutions have faced a series of attempted cyberattacks.
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