Category: Financial Services

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AFC SUMMIT RECAP: Join our fireside chat with fincrime expert Kevin Lee who discusses the ‘dos and don’ts’ of AI and tech in the sector

INSIGHT: Scaling the Slopes of De-RiSKIng in Anti-Money Laundering

LATEST: ‘Tired’ compliance executive among string of executives to quit Binance this week as it battles regulatory headwinds

NEWS: Raiffeisen delays quitting Russia as Austria defends ties

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French judiciary transfers c.bank chief seized assets to Lebanon – minister

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Mozambique ‘tuna bond’ case against Credit Suisse can proceed, UK judge rules

UK eyeing tougher laws to scrutinise foreign investment

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NEWS: UK chancellor probing whether banks blacklisting Farage over his political views

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NEWS: Brexit leader Nigel Farage being de-risked by UK banks; claims he’s been rejected as customer by seven lenders

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China should allow cross-border data sharing, financial lobby group says

INSIGHT: Your 5-minute snapshot of all the latest fincrime developments in the US

BREAKING: Croatia placed on FATF’s ‘grey list’ – only EU country on the watchlist; Cameroon and Vietnam also added

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Nasdaq expects expanded markets to justify $10.5 bln Adenza merger price tag

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AMLA finalises common formats for FIU cooperation and reporting to the EPPO
AMLA
July 3, 2026
Better reporting to the EPPO
Two of the standards set a single format for reporting to the EPPO, the body that investigates and prosecutes crimes against the EU's financial interests. One covers how FIUs report the results of their own analyses, the other how AMLA reports joint analyses. A shared, machine-readable template will allow the EPPO to receive complete, comparable information it can process automatically.
MAS Partners Industry to develop Safeguards for AI Agents in Finance
MAS
July 3, 2026
Singapore, 3 July 2026… The Monetary Authority of Singapore (MAS), together with leading financial institutions and FinTechs, today published an industry white paper on developing safeguards for AI agents in Finance. Titled “Safeguards for Agentic Finance at Runtime (SAFR) ”, the paper proposes an industry-developed framework that enables AI agents in financial services to carry out financial tasks safely, securely and reliably. SAFR is developed under MAS’ BuildFin.ai^[1] initiative, which supports the responsible development and deployment of AI solutions in the financial sector.
AUSTRAC finalises enforceable undertaking with Sportsbet
Austrac
July 3, 2026
AUSTRAC has finalised its enforceable undertaking with Sportsbet Pty Ltd (Sportsbet) after the company addressed serious deficiencies in its anti-money laundering and counter-terrorism financing (AML/CTF) controls. AUSTRAC CEO Brendan Thomas said the outcome reinforces AUSTRAC’s expectation that reporting entities take immediate and sustained action to meet their legal obligations. “When AUSTRAC identifies systemic weaknesses in a reporting entity’s AML/CTF controls, we will take enforcement action to ensure those issues are addressed,” he said. “Sportsbet was required to undertake significant remediation to uplift its systems, controls and governance. AUSTRAC is now satisfied those requirements have been met.