By PAUL O’DONOGHUE, Senior Correspondent THE Financial Conduct Authority (FCA) will begin taking over anti-money laundering (AML) supervision of UK professional services firms by the end of 2028.

By PAUL O’DONOGHUE, Senior Correspondent THE Financial Action Task Force (FATF) has published new AML risk indicators for the gambling sector, flagging activities such as “smurfing” and suspicious betting.

Citi plans to launch a blockchain-based cross-border payments service for Japanese companies this year, allowing businesses to execute instant foreign-currency transfers across key global hubs, including Hong Kong, outside standard banking hours.

As of August 2026, Anchorpoint Financial has named five authorised distributors for HKDAP, its Hong Kong dollar-backed stablecoin. In doing so, institutional and professional investors can find their route into the token during its beta phase.

The U.S. Treasury’s proposed sanctions against Banque Misr’s UAE branches have been described by legal experts as a stark warning to global banks about the risks of undisclosed Iranian financial connections. The move, part of Washington’s intensified “Operation Economic Outcast,”

Christopher Woolcott has pleaded guilty to 4 counts of fraud and forgery after creating a fake takeover bid for Touchstone Exploration Inc.

A Western Union currency exchange office in Prague, Czech Republic, September 8, 2017. REUTERS/David W Cerny

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