NEWS: EBA confirms it will transfer AML powers to AMLA on 31 December 2025

Regulatory Watch News

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  ENRC litigation concluded

  Serious Fraud Office

  September 3, 2026

  Eurasian Natural Resources Corporation Limited, the Director of the Serious Fraud Office, Dechert LLP and David Neil Gerrard have concluded the proceedings between them on terms which are confidential. Between 2013 and 2023, the SFO investigated Kazakh mining company ENRC over suspected bribery and corruption linked to mining assets in the Democratic Republic of Congo and elsewhere. The investigation concluded without charges due to insufficient admissible evidence. ENRC brought a civil claim against its former lawyers in 2017 and the SFO in 2019. The court found the SFO was in breach of its duties, including engaging with and taking unauthorised information between 2011 and 2013. The court also found that, but for this conduct, the investigation would not have opened.

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  Treasury seeking to appoint new FSA Chair and Board Member

  Isle of Man Financial Services Authority

  September 3, 2026

  The Treasury is seeking candidates with the skills and experience to make an important contribution to the Island’s reputation as a well-regulated international finance centre.   Applications are currently being invited for the role of Chair of the Isle of Man Financial Services Authority. Applications are also invited for a further Member of the Authority’s Board.   The Chair position represents an opportunity to work with the Authority’s senior Executive to provide strategic leadership of the financial services regulator at an important point in its development.   The Chair and the Board Member will play a key role in engaging with senior leaders across government and industry, building relationships with influential stakeholders, and supporting initiatives to safeguard the Island’s status as an outstanding place to do business.  

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  Scam alert related to banks

  HKMA

  September 3, 2026

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA.  Hyperlinks to the press releases are available on the HKMA website.  

  Bank	Type of Scam
  Bank of China (Hong Kong) Limited	Phishing instant messages
  DBS Bank (Hong Kong) Limited	Phishing emails
  The Bank of East Asia, Limited	Fraudulent websites and internet banking login screens
  Shanghai Commercial Bank Limited	Fraudulent websites and internet banking login screens
  Chong Hing Bank Limited	Fraudulent websites and internet banking login screens
  Chiyu Banking Corporation Limited	Fraudulent websites and internet banking login screens