Top stories this week:
FCA Chief Executive Warns that Financial Crime is Now a National Security Issue | AMLA Launches Consultation on FIU Cooperation Standards
Welcome to this week's edition of the KYC Roundup, your gateway to the most impactful developments in the world of Anti-Money Laundering (AML) and financial crime. In the AML arena, the FCA chief executive warns that financial crime is now a national security issue, while AMLA launches a consultation on FIU cooperation standards.
In the fast-paced world of sanctions, the UK and EU impose sanctions against Russia over the deportation of Ukrainian children.
In the corruption space, former senior Zelensky aide Andriy Yermark faces money laundering charges.
We round off this week’s roundup with details of how KYC360’s Screening, Onboarding and CLM solutions can be procured on the Microsoft Azure Marketplace.
KYC & AML
FCA chief executive warns that financial crime is now a national security issue
Financial Conduct Authority (FCA) chief executive Nikhil Rathi told the UK regulator’s financial crime conference that separating financial services from national security is “outdated and dangerous”, warning that tech‑enabled criminal networks exploit gaps.
AMLA launches consultation on FIU cooperation standards
The EU’s Anti-Money Laundering Authority (AMLA) has begun consulting on draft standards aimed at improving cooperation between Financial Intelligence Units across member states.
FCA announces new executive team appointments
The FCA has confirmed the appointments of Simon Walls as executive director, markets and John Sekora as chief operating officer.
FINMA launches consultation on proposed revisions to AML ordinance
Switzerland’s financial regulator FINMA has launched a consultation on updates to its Anti-Money Laundering Ordinance, seeking to clarify requirements and codify supervisory practices. The proposed changes aim to address emerging risks and align more closely with international standards.
Gambling affordability checks linked to money laundering risks
Concerns have been raised that stricter gambling affordability checks in the UK could unintentionally drive activity toward unregulated markets, increasing exposure to money laundering.
AUSTRAC highlights growing complexity of financial crime
Australia’s financial intelligence agency has reported that illicit finance is becoming more sophisticated, with criminals increasingly leveraging technology and complex networks.
Sanctions
UK and EU impose sanctions against Russia over deportation of Ukrainian children
The UK and EU have imposed new sanctions on Russian officials and entities linked to the forced deportation of Ukrainian children. Measures include asset freezes and travel bans.
Corruption
Former senior Zelensky aide Andriy Yermark faces money laundering charges
Ukraine’s anti-corruption court has taken action against Andriy Yermark, placing him under investigation over alleged involvement in a corruption scandal.
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Your latest weekly update from the worlds of money laundering, legislation and regulation, sustainability, gaming and gambling, crypto and sanctions.
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