By Neil Hodge2023-08-29T12:39:00
The United Kingdom’s set of proposals to beef up anti-money laundering (AML) controls has received mixed reception from experts.
The Treasury released its consultation on the reform of its AML and countering the financing of terrorism (CFT) supervisory regime on June 30 following criticism from bodies including the Financial Action Task Force that the U.K.’s approach to oversight and monitoring was vulnerable and ineffective.
Currently, AML/CFT supervision in the United Kingdom is carried out by three statutory regulators—the Financial Conduct Authority (FCA); HMRC, the country’s tax watchdog; and the Gambling Commission—and 22 professional bodies representing accountancy and law firms.
2023-09-12T15:00:00Z By Neil Hodge
The former CEO of NatWest’s decision to leak client details to the press regarding Nigel Farage is likely to cost the financial industry millions in new compliance checks as U.K. regulators prepare reviews into how banks treat people with extreme political views.
2023-09-05T15:23:00Z By Kyle Brasseur
The Financial Conduct Authority announced the scope of its review into the treatment of U.K.-based politically exposed persons, the latest development in response to the Nigel Farage “debanking” scandal.
2023-08-31T14:05:00Z By Neil Hodge
Switzerland’s Financial Market Supervisory Authority published new guidance to improve banks’ money laundering risk analysis after repeatedly identifying shortcomings during on-site supervisory reviews.
2025-10-15T19:43:00Z By Jaclyn Jaeger
Under the Trump administration, the Department of Health and Human Services and the Food and Drug Administration have been hellbent on eliminating synthetic food dyes from food and beverage products, forcing a jarring and costly overhaul with cascading impacts on the operations of the entire industry.
2025-10-08T20:08:00Z By Ruth Prickett
Private companies that are keen to trade their shares but do not wish to become listed have gained another way to trade their shares. The U.K. government completed its initial review and published rules for the system in June.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
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