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1 week ago | 
compliancecorylated.com | Niece Prayoonrat |Elizabeth Lumley |Rachel Wolcott
The International Criminal Police Organization (Interpol) issued its second-ever silver notice on behalf of the UK on April 11. This will allow the UK National Crime Agency (NCA) to obtain information from overseas in its efforts to track down more than £8.5 million of assets laundered by a London-based fraudster. Interpol notices are part of its cross-border alert system for law enforcement agencies to share information on wanted persons.
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1 month ago | 
compliancecorylated.com | Niece Prayoonrat |Rachel Wolcott |Richard Satran |Elizabeth Lumley
Acting US Securities and Exchange Commission (SEC) chairman Mark Uyeda has hit pause on proposed rules covering safeguarding of advisory client assets and outsourcing by investment advisers. The SEC may re-propose aspects of the recently adopted Form N-PORT, he said in a speech at the 2025 Investment Management Conference on March 17. Uyeda called for a back-to-basics approach to SEC rulemaking which would give ample time to solicit industry feedback and weigh the cost of any new rule.
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1 month ago | 
compliancecorylated.com | Richard Satran |Rachel Wolcott |Niece Prayoonrat |Elizabeth Lumley
State attorneys general have emerged as one of the biggest checks on presidential power after winning a series of US court rulings challenging Donald Trumpʼs executive orders. Financial firms who were expecting an easier time from the new administration instead face more forceful regulators in all 50 states.
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1 month ago | 
compliancecorylated.com | Niece Prayoonrat |Elizabeth Lumley |Rachel Wolcott
US President Donald Trump hosted the White House’s first crypto summit on March 7, with attendees including top industry executives such as Coinbase chief executive Brian Armstrong and MicroStrategy executive chairman Michael Saylor, as well as unexpected guest FIFA president Gianni Infantino.
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1 month ago | 
compliancecorylated.com | Rachel Wolcott |Niece Prayoonrat |Elizabeth Lumley
UK financial crime teams will need to revamp their control frameworks to identify finance links to people smuggling, in light of evolving national policy. This year the UK government is creating a targeting trafficking and has ramped up warnings about spotting associated money laundering. The aim is “to cripple people smuggling crime rings and starve them of illicit financing fuelling their operations”, the government said.
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1 month ago | 
compliancecorylated.com | Rachel Wolcott |Elizabeth Lumley
The UK Financial Ombudsman Service (FOS) received 20,000 more complaints in Q3 2024/25 than in the same quarter the previous year, according to data it published today. Motor finance complaints were the largest single cause of complaint, with a fresh wave of complaints triggered by the Court of Appeal decision in October the FOS said. In all, it received treble the number (18,658) of motor finance complaints in Q3, up from 6,679 a year earlier.
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1 month ago | 
compliancecorylated.com | Elizabeth Lumley |Rachel Wolcott |Niece Prayoonrat
This year marks the seventh anniversary of the second iteration of the EU Payment Services Directive (PSD2) coming into force. The directive ushered in a global wave of mandates and market-led endeavours to introduce so-called “open banking” environments for consumers. One major goal was to create a competitive landscape for fintech companies’ third-party applications by enabling customers to share bank account data with them.
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1 month ago | 
compliancecorylated.com | Rachel Wolcott |Elizabeth Lumley
“Simplification promised, simplification delivered” is how European Commission president Ursula von der Leyen hailed the EUʼs ‘omnibusʼ legislation on sustainability rules yesterday. But financial firms still have questions. The commission said that its proposals, if adopted, would save corporates around 6.3 billion euros by “reducing administrative burdens” and take 80% of all EU companies out of reach of its Corporate Sustainability Reporting Directive (CSRD).
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2 months ago | 
compliancecorylated.com | Elizabeth Lumley |Rachel Wolcott
Central banks should continue to develop sovereign digital currencies for the sake of economic stability, according to a new report, “CBDCs: It’s time for action — Why central banks should take the next step”. The report, by the Official Monetary and Financial Institutions Forum (OMFIF) and currency technology provider Giesecke+Devrient (G+D), warned against “disruptive forces” arising from private companies and currency alternatives in the payments ecosystem.
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2 months ago | 
compliancecorylated.com | Elizabeth Lumley |Rachel Wolcott
The European Securities and Markets Authority (ESMA) has launched a consultation on minimum standards of competence and qualification requirements for anyone advising investors about crypto assets. The requirements will also apply to those responsible for providing “automated or semi-automated” customer journeys.
