The UK legal sector is preparing for significantly stricter anti-money laundering enforcement as the Financial Conduct Authority assumes regulatory control from nine separate supervisory bodies. This consolidation represents a watershed
Money laundering
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Nationwide has been fined £44 million by the Financial Conduct Authority for serious flaws in its financial crime controls. The enforcement, announced on December 12 2025, highlights significant shortcomings at
The six-year search for Zhimin Qian, the Chinese orchestrator of the United Kingdoms largest money laundering case, concluded with her arrest in a modest York Airbnb. At age forty-seven, Qian
British firms are now at the forefront of the global anti-money laundering sector, a booming market propelled by ever-tightening regulatory pressure and advances in artificial intelligence. Recent industry figures estimate
The UK finds itself at the centre of an international dispute after seizing bitcoin worth over £5 billion from Zhimin Qian, known as the BitQueen, in one of the largest
The Financial Conduct Authority (FCA) has initiated an enforcement investigation into Barclays’ compliance with anti-money laundering controls, marking yet another regulatory challenge for the troubled British banking giant. The FTSE
The recent collapse of Stenn, a once-promising fintech venture valued at nearly $1 billion, bears stark similarities to the infamous Greensill scandal, raising serious concerns about the trade finance sector’s
The FTSE 100 gambling behemoth Entain has been dragged into legal proceedings by Australia’s financial crime watchdog over alleged “systemic failures” in its anti-money laundering protocols. The Australian Transaction Reports
Swedish financial technology giant Klarna has been slapped with a substantial £36 million fine by Sweden’s financial watchdog for failing to comply with anti-money laundering regulations. The Swedish Financial Supervisory
British authorities have uncovered a sophisticated multibillion-dollar money laundering operation that connected Russian spies and European drug traffickers through cryptocurrency networks, enabling them to bypass international sanctions. The National Crime
Britain’s Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank for significant failures in its anti-money laundering systems, which left £51 billion worth of transactions unmonitored
