The Public Authorities (Fraud, Error and Recovery) Act 2025 received Royal Assent on 2 December 2025. The Act includes powers for the Minister for the Cabinet Office and the Department of Work and Pensions (DWP) to issue...more
12/12/2025
/ Anti-Money Laundering ,
Banks ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Fraud ,
Government Agencies ,
New Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
UK
On 20th November 2025 we were delighted to host banks, payments firms, FinTechs, legislators, regulators, and policymakers at our London office for the Hogan Lovells Payments Conference 2025. At the event we explored key...more
12/5/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Buy Now Pay Later (BNPL) ,
Cryptocurrency ,
Cybersecurity ,
Digital Assets ,
Financial Services Industry ,
FinTech ,
Payment Systems ,
Regulatory Oversight ,
Stablecoins
Corporate finance firms (“CFFs”) are vital to the growth and success of the UK economy. They help businesses raise money by connecting them with investors or lenders. The nature of their business means that it is essential...more
11/24/2025
/ AML/CFT ,
Anti-Money Laundering ,
Compliance Monitoring ,
Customer Due Diligence (CDD) ,
Due Diligence ,
Financial Conduct Authority (FCA) ,
Investors ,
Money Laundering ,
Regulatory Oversight ,
Risk Management ,
UK
As part of its wider financial crime supervisory work in support of its 2025–30 strategy, the FCA has published the findings from its multi-firm review of firms' business-wide risk assessment (BWRA) and customer risk...more
11/13/2025
/ AML/CFT ,
Anti-Money Laundering ,
Compliance Management Systems ,
Customer Due Diligence (CDD) ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
FinTech ,
Money Laundering ,
Regulatory Oversight ,
Risk Assessment
On 10 July 2025, the UK raised the threshold below which certain regulated firms can perform acts that would otherwise constitute a money laundering offence. The new threshold is £3,000. This is the second rise in the...more
HMRC has reportedly brought its first-ever corporate prosecution under the failure to prevent the facilitation of tax evasion offence, almost eight years after the legislation was introduced in the Criminal Finances Act 2017....more
The Financial Conduct Authority (“the FCA”) has published final guidance on the treatment of politically exposed persons (PEPs) for anti-money laundering purposes, which updates its Guidance issued in 2017 (“the 2017...more
The European Banking Authority consultation on customer due diligence under the EU’s 6th money laundering package closes on 06 June, 2025, with the EBA due to submit its findings to the European Commission’s call for evidence...more
While recent announcements have focussed on the government’s growth agenda, HM Treasury (HMT) has also now pressed ahead with publishing final draft regulations limiting the rights for banks and other payment service...more
Banks and EMIs will need to consider the impacts of proposed new requirements to comply with information notices and account direct deduction orders on their policies, procedures and controls. For information notices, this...more