Europe, Middle East, Africa
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Regulatory Oversight
EBA: national regulators are falling behind on AML/CFT risks
EU national regulators are falling behind on anti-money laundering and countering the financing of terror (AML/CFT) risks, according to the...
Conduct & Culture
Can AI determine if your CEO is lying?
Artificial intelligence (AI), robotics and large language models are often touted for their capacity to relieve human effort by extracting...
Enforcement Actions
Prudential regulator issues ‘first of a kindʼ £1.8 million fine to reinsurer
The UK Prudential Regulation Authority (PRA) has fined Barents Reinsurance SA’s London branch £1.8 million for controls, governance and reporting...
Financial Crime
As global conflicts flare, G7 unites to combat illicit financing – part 2
When G7 leaders convened in Kananaskis, Alberta on June 14-15, 2025, they were scheduled to deal with the priorities outlined...
Risk Management
AI models should ‘self-mitigate’ systemic risks, EU Code of Practice says
General-purpose artificial intelligence (GPAI) models should “self-mitigate” systemic risks with potential “future-proof” updates, according to the EU’s GPAI Code of...
Europe, Middle East, Africa
UAE overtakes UK to clinch second spot in fintech H1 2025 fundraising rankings
Binance’s $2 billion March fund raising has lifted the United Arab Emirates (UAE) into second place in the fintech investment...
Financial Crime
As Global conflicts flare, G7 unites to combat illicit financing – part 1
Israel’s attack on Iran’s nuclear infrastructure — just days before G7 leaders arrived in Canada for the June 14-15, 2025...
Tokenisation
Tokenised real estate accelerates with ‘green lightʼ from Dubai regulator
The United Arab Emirates (UAE)’s tokenised real estate sector has received a boost from Dubai’s Virtual Assets Regulatory Authority (VARA)....
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