Texas man handed 11-year prison sentence for stealing and laundering millions in government relief money

Regulatory Watch News

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  AMLA consults on group-wide requirements and business-wide risk assessment

  AMLA

  April 16, 2026

  Obliged entities have an obligation to identify risk of money laundering or terrorist financing across their operations. A business-wide risk assessment is key for determining the entity’s risk exposure and ensuring it has adequate AML/CFT controls. The draft Guidelines under AMLR Article 10(4) set out minimum expectations for all obliged entities, across the financial and non‑financial sectors, while allowing for proportionality based on the entity’s size, business model and risk profile. They support entities in making informed, risk-based decisions on how to manage their specific risk exposure.

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  Artificial Intelligence Consortium minutes – February 2026

  Bank of England

  April 16, 2026

  The Artificial Intelligence Consortium (AIC) provides a platform for public-private engagement to further dialogue on the capabilities, development, deployment, use, and potential risks of artificial intelligence (AI) in UK financial services. As stated in the AIC’s Terms of reference, the views expressed by the members in these minutes and any subsequent outputs do not reflect the views of their institutions, the Bank of England (Bank) or the Financial Conduct Authority (FCA). The activities, discussions, and outputs of the members should not be taken as an indication of future policy by the Bank or FCA.

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  SFO sets out ambitions for year ahead

  Serious Fraud Office

  April 16, 2026

  The Serious Fraud Office (SFO) today publishes its Business Plan for 2026-27, setting out how it will invest in intelligence and technology, and strengthen its international partnerships to fight complex fraud, bribery and corruption. Marking the midway point of the SFO’s five-year strategy, the plan builds on a year of significant progress, including deepened international partnerships, updated corporate guidance and the largest executive action in the SFO’s recent history with the announcement of its investigation into social housing company Home Reit.