The FINTRAIL REGCAP provides clear, accessible insights into the financial crime regulatory landscape, helping you stay informed and ahead of the curve.
This edition covers:
🌍 Global – Outcomes from the latest FATF Plenary, including Bosnia and Herzegovina and Iraq joining the grey list (with Algeria and Namibia coming off), the start of the UK's FATF presidency with a sharper focus on fraud, and a new consultation on cross-border payment transparency. Plus updated Wolfsberg Group guidance on the risk-based approach.
🇬🇧 UK – The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 come into force, alongside FCA multi-firm reviews of CDD/EDD and insurance financial crime controls, a call for evidence on economic crime data-sharing, and the FCA's Input Zone on AI good and poor practice. Also: the FCA's decisive action against Euro Exchange Securities UK, and industry moves on financial abuse (Nationwide's "Hide Reference" feature) and financial inclusion (UK Finance x Shelter).
⚖️ EU – The final text of PSD3 lands, bringing e-money tokens and crypto-assets in line with MiCA. AMLA opens consultations on business-wide risk assessments and ongoing monitoring, while France's ACPR and Tracfin flag financial crime risks in virtual IBANs, and Europol's IOCTA report spotlights AI-enabled, agentic cybercrime.
💻 North America – FinCEN and OFAC's joint rule to implement the GENIUS Act's stablecoin requirements, proposed BSA reforms, and alerts on IRGC sanctions evasion and World Cup-linked human trafficking. In Canada, FINTRAC's enforcement powers get a major upgrade, with penalties rising up to 40x under the new regime.
🌏 Asia & Middle East – Singapore's FATF/APG mutual evaluation praises a mature regime but flags a reliance on victim-led investigations. The UAE publishes new National Risk Assessment findings and human trafficking indicators, while Dubai's VARA raises the bar on how often VASPs must refresh their risk assessments.
💰 Fraud Focus – UK Finance's 2026 Annual Fraud Report shows losses climbing despite better reimbursement rates, with investment scams up 40% year-on-year. Cifas research reveals concerning attitudes toward credential-selling at senior levels, while Spain's big three banks launch a joint anti-fraud platform, FrauDfense.
🔍 Sanctions Focus – The FCA's deep-dive review of sanctions systems and controls, OFSI's new 2026-2029 strategy (built around the PERC framework), a joint OFAC–OFSI comparative guide for cross-border firms, and continued expansion of UK and EU Russia sanctions alongside notable penalties for Deutsche Bank AG London and Sabre Global Technologies.
What other publications and regulatory changes caught your eye last quarter? If you are interested in speaking to the FINTRAIL team about any of the items in the REGCAP, have any ideas for inclusion, or want to discuss any other financial crime topic, please get in touch