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In September, the UK and global authorities advanced financial crime efforts through new regulatory initiatives, enforcement actions, and strategic updates. Highlights include policy notes on amendments to UK Money Laundering Regulations, increased use of AI in fraud detection, FATF guidance on international cooperation, and the SFO’s first Unexplained Wealth Order.
We look at some less obvious risks and assurance themes to help shape your planning for the year ahead, plus reflections on what stood out last year.
August saw key financial crime updates, including proposed UK AML reforms, new FATF risk assessment tools, and guidance on AI-driven transaction monitoring. Regulators also flagged rising threats from money mules and impersonation scams, urging firms to strengthen controls and improve data sharing.
Key July highlights include substantial FCA fines and updated guidance on PEPs, the NCA’s publication of strategic priorities and a red alert on shadow fleet sanctions evasion, the UK Government’s release of the 2025 National ML/TF Risk Assessment and a cryptoasset threat assessment, and a reaffirmation of the risk-based approach to financial crime prevention from the Wolfsberg Group.
Nearly two years since its implementation, the Consumer Duty continues to attract a mix of praise and criticism.
The FCA has launched a six-week consultation on a proposed redress scheme for Motor Finance commission arrangements, aiming to resolve longstanding concerns, provide clarity for consumers, and guide lenders through a structured path to compensation and compliance.
In partnership with GARP, we surveyed 13 G-SIBs to assess CCR, IMM, and SA-CVA practices amid evolving global regulation and supervisory scrutiny post-Archegos.
On 1 August 2025, the Supreme Court delivered its judgment in the three cases concerning the partial or non-disclosure of commission arrangements in motor finance agreements.
The Prudential Regulation Authority (PRA) initiated a major discussion on reforming the Internal Ratings Based (IRB) approach for residential mortgages with a paper released on 31 July. This Discussion Paper (DP) sets out the PRA’s preliminary considerations, and seeks feedback and supporting evidence, on a range of possible policy changes to the treatment of residential mortgage exposures under the...
On Sunday, 3 August, the Financial Conduct Authority (FCA) announced that it will consult on a redress scheme to secure compensation of up to £18 billion to affected consumers [1]. This follows the Supreme Court's ruling on 1 August 2025 [2], which largely overturned the Court of Appeal’s decision [3] regarding undisclosed commission payments in motor finance agreements.
The Financial Conduct Authority (FCA) has published its Consultation Paper CP25/23, setting out plans to regulate Deferred Payment Credit (DPC) - a fast-growing form of interest-free borrowing commonly associated with Buy Now Pay Later (BNPL) services.
In the wake of President Trump’s sweeping tariffs announced on ‘Liberation Day’, we explore the trajectory of the trade war since early April and assess how banks should interpret the latest macro and sectoral signals in their IFRS 9 frameworks.
Geopolitical tensions and widening UK–EU–US regulatory divergences are reshaping the global financial landscape. Banks must now navigate rising compliance costs, strategic uncertainty, and fragmented supervisory oversight whilst balancing competitiveness and resilience.
As insurers prepare to enter year three of IFRS 17 reporting, now is the time to pause and reflect on the lessons learnt from the first two years of IFRS 17 to further improve disclosure quality in the future.
The real estate investment management (REIM) sector enters the end of 2025 at a critical juncture. Traditional approaches to risk assessment and portfolio composition are being called into question by geopolitical uncertainty, evolving capital markets and shifting investor expectations. As the sector moves beyond the adjustment period of recent years, successful REIM managers are discovering that...
2025 sees the crypto narrative shifting fast from speculation to integration. Regulation, innovation, and institutional adoption are converging to make digital assets a serious consideration for asset managers. For asset managers, it means new products, stronger infrastructure, and greater compliance and oversight – and for auditors, it means rethinking how assurance is delivered in a rapidly evolving...
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In the second quarter of 2025, our experts commented on a number of announced regulatory developments. Our quarterly financial services regulatory newsletter is a comprehensive overview of topics relevant to firms that operate in the UK across all financial services sectors.
In the first quarter of 2025, our experts commented on a number of announced regulatory developments. Our quarterly financial services regulatory newsletter is a comprehensive overview of topics relevant to firms that operate in the UK across all financial services sectors.
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