Top stories this week:
UK Agencies Set Nine Economic Crime Priorities for Regulated Firms | Jersey Confirms Risk Based Changes to Reliance and MLCO Rules
Welcome to this week's edition of the KYC Roundup, your gateway to the most impactful developments in the world of Anti-Money Laundering and financial crime. In the AML arena, UK agencies have set nine economic-crime priorities for regulated firms, while Jersey has confirmed risk-based changes to its reliance and MLCO regimes.
In the fast-paced world of sanctions, President Trump has waived new sanctions and tariffs under the Graham Act.
In the corruption space, Albanian prosecutors have formalised charges against former deputy prime minister Belinda Balluku.
We round off this week’s roundup with details of KYC360’s latest recognition by Chartis Research.
KYC & AML
UK Agencies Set Nine Economic Crime Priorities for Regulated Firms
The NCA, FCA, HMRC, Home Office and Treasury have agreed nine economic crime priorities for the regulated sector. They include international money laundering through UK corporate structures and underground banking, money-mule networks, professional enablers and sanctions evasion.
Jersey Confirms Risk Based Changes to Reliance and MLCO Rules
Following consultation feedback, the Jersey Financial Services Commission has confirmed a more risk-based approach to its reliance and MLCO regimes. Firms will be able to assess whether an MLCO is needed, without fixed numerical thresholds. For reliance arrangements, written assurance may be sufficient in lower-risk cases, while higher-risk arrangements will require additional steps.
FCA Consults on Guidance for Firms Using DeFi
The FCA is consulting on guidance for regulated firms providing financial services using decentralised finance (DeFi). The proposed guidance covers operational resilience, financial crime rules and the Money Laundering Regulations.
AMLA and OLAF Agree a Framework for Financial Crime Cooperation
AMLA and OLAF have signed a working arrangement to strengthen cooperation and share operational and strategic information. It allows OLAF to contribute anti-fraud expertise to AMLA-coordinated joint analyses, subject to participating FIUs’ consent.
L&L Europe to Pay £900,000 After Gambling Commission Identifies AML Failures
The Gambling Commission’s regulatory settlement requires L&L Europe to pay £900,000 after the regulator identified AML controls based largely on financial thresholds rather than customer risk profiles, and failures to follow customer due-diligence procedures. The case also involved withdrawal delays and safer-gambling failures.
Sanctions
US Waives New Russia-Related Measures Under Graham Act
President Trump has waived the new sanctions, restrictions and tariffs set out in the Lindsey O. Graham Act, citing US national interests. The waiver remains in place until the President or Secretary of State decides further action is appropriate.
Corruption
Albania Formalises Corruption Charges Against Former Deputy PM
Prosecutors have formalised charges against former Albanian deputy prime minister Belinda Balluku. The charges include alleged violations relating to public tenders, passive corruption involving high-ranking state officials and laundering the proceeds of criminal activity.
KYC360/Experian News
KYC360 and Experian Recognised in Chartis KYC Solutions and Data Report
We're proud to share that we have been recognised by Chartis Research for innovation and leadership in tackling financial crime in its 2026 RiskTech Quadrants® for KYC Solutions and KYC Data.
In its 2026 update, Chartis Research has recognised:
KYC360, part of Experian, as a Category Leader in the RiskTech Quadrant® for KYC Solutions.
Experian as a Category Leader in the RiskTech Quadrant® for KYC Data.
Your latest weekly update from the worlds of money laundering, legislation and regulation, sustainability, gaming and gambling, crypto and sanctions.
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