According to the bank and reporting on the settlement, the New York case did not allege that Swedbank itself laundered money. Instead, it focused on two occasions—2016 and 2018—when the bank failed to properly notify the regulator and provide requested documents, and on broader s

California’s Digital Financial Assets Law (DFAL) is now fully operative, marking the start of a new era for crypto regulation in the United States. As of July 1, 2026, any firm conducting covered digital asset activities with California residents must be licensed by the Departme

The U.S. Treasury’s Financial Crimes Enforcement Network, known as FinCEN, has proposed a significant rewrite of how financial institutions structure their anti-money laundering and countering the financing of terrorism programs. The rule is designed to modernize Bank Secrecy Act

The Financial Action Task Force (FATF) has issued a stark warning that criminals are exploiting regulatory gaps in the cryptocurrency industry to move billions of dollars in illicit proceeds, urging nations to strengthen international cooperation and enforcement. In its latest re

The FCA has decided to ban a father and son from UK financial services after the High Court found that they had engaged in fraud and misused client money.

The Insurance Authority (IA) has granted new authorizations to HSH Captive Limited set up by The Hongkong and Shanghai Hotels, Limited which is a famous luxury hospitality and lifestyle brand name based locally and SF Captive Limited set up by S.F. Holding Co., Ltd. which is a...

The Bank of England (the Bank), the Prudential Regulation Authority (PRA) and the FCA will start overseeing the first critical third parties (CTPs) on Monday 13 July 2026, following designation by the Treasury.

PayPal logo is seen in this illustration taken July 15, 2026. REUTERS/Dado Ruvic/Illustration PayPal and Stripe logos are seen in this illustration taken July 15, 2026. REUTERS/Dado Ruvic/Illustration 15 Jul 2026 11:25AM (Updated: 16 Jul 2026 04:20AM) Bookmark Bookmark Share W...

The US Federal Reserve has proposed a rule requiring supervised banks to develop and establish risk assessment processes directing more attention and resources toward higher-risk customers and activities.