Anti-Fraud & Financial Crime
Regulatory Intelligence Incorporating 'Fraud Squad'

Compliance, Tech, Technology, UK

NEWS: FCA launches Quantum Experimentation Group to tackle financial crime

Premium November 10, 2026

File photo of the UK's Financial Conduct Authority offices

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By PAUL O’DONOGHUE, Senior Correspondent

THE UK Financial Conduct Authority (FCA) is launching a new industry group to explore how quantum computing could improve the detection of financial crime.

The regulator said that its Quantum Experimentation Group (QEG) would bring together financial institutions, quantum technology providers and national research laboratories to test potential applications of the emerging technology.

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Premium

NEWS: UK accountancy firms continue to fall short on AML controls — report

 Premium

EXCLUSIVE: AMLA to hold seminar on whether to cut long list of firms eligible for direct supervision 

 Premium

LATEST: FinCEN enlists banks and crypto firms in scam compound crackdown

Regulatory Watch News

  • Update to UK Sanctions List: Russia Regime

    UK Government

    Today, 10 November, the UK Government has varied one entity and 2 individuals sanctioned under the Russia regime Entities Varied:

    Name: Unique ID:
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  • 262 arrests in operation targeting migrant smuggling across the Mediterranean

    Interpol

    LYON, France – An international operation targeting criminal organizations involved in migrant smuggling across the Mediterranean Sea and the West African Atlantic route has resulted in 262 arrests and 434 new investigations. Operation Communis Maris (5 – 8 October 2026) also identified 109 potential victims of human trafficking and detected 1,715 irregular migrants. Of the 262 suspects arrested, 221 are accused of migrant smuggling offences, 16 of human trafficking and 25 of other crimes, including the production and use of fraudulent documents.  

  • Former civil servant found guilty of fraud for holding multiple jobs at the same time

    The Crown Prosecution Service

    A former civil servant has been convicted of fraud for obtaining and holding multiple full-time Government jobs at the same time.

    Kashim Chowdhury, 56, lied about his existing employment status and history on applications and was paid for multiple jobs in the civil service and associated public bodies over three years.

    Between 2020 and 2023, Chowdhury repeatedly applied for positions within government departments and public bodies while concealing that he already had existing full-time employment.

    The job applications he made included declarations that he had provided complete and true information, and he understood that knowingly making a false statement for this purpose was a criminal offence.

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