Anti-Financial Crime & Financial Crime Compliance
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LATEST: FCA defends sharing data with Palantir to combat financial crime

Premium March 24, 2026

FILE PHOTO: Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo

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NEWS: Bank of London Group fined £2m over integrity failings

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LATEST: Controversy as Palantir set for access to sensitive FCA data

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LATEST: US SEC’s ex-enforcement chief clashed with bosses before leaving

By Phoebe Seers

U.S. data analytics firm Palantir, which won a contract to supply AI systems to Britain’s Financial Conduct Authority (FCA), will not have access to regulatory intelligence, an FCA official said, as the deal came under criticism from lawmakers.

Palantir Technologies PLTR.O, co-founded by Peter Thiel – a billionaire venture capitalist and early supporter of President Donald Trump – won a 12-week contract to analyse the FCA’s internal data to help combat financial crime.

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Premium

NEWS: Bank of London Group fined £2m over integrity failings

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LATEST: Controversy as Palantir set for access to sensitive FCA data

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LATEST: US SEC’s ex-enforcement chief clashed with bosses before leaving

Regulatory Watch News

  • Five-country operation targets cigarette smuggling network operating from the UK

    Europol

    A large organised crime group suspected of smuggling counterfeit cigarettes into Europe has been targeted in a coordinated operation across five countries on 24 March. The action day, led by the European Public Prosecutor’s Office (EPPO) in Turin, Italy, took place in Italy, Poland, France, the United Kingdom and Switzerland with Europol’s support.

  • London and its parent company Oplyse Holdings Limited £2m for failing to act with integrity and misleading the PRA over their capital position

    Prudential Regulation Authority

    The Prudential Regulation Authority (PRA) has fined The Bank of London Group Limited and Oplyse Holdings Limited (formerly The Bank of London Group Holdings Limited) £2 million for misleading the PRA over their capital positions, failing to act with integrity, failing to be open and cooperative with the regulator and failing to maintain adequate financial resources.

  • Festgeldplan(.)com: BaFin warns about website and identity fraud

    BaFin

    The German Financial Supervisory Authority (BaFin) warns about offers from the website festgeldplan(.)com. According to information available to BaFin, the unknown operators of the website are offering financial services without the required authorisation. They give the impression that their offers originate from WPV Advisory & Asset Management GmbH & Co. KG, which is supervised by BaFin. It is a case of identity fraud. WPV Advisory & Asset Management GmbH & Co. KG has no connection with the website or the financial services offered there.

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