Introduction: The Regulatory Imperative The Financial Conduct Authority (FCA) recently published the findings from its multi-firm review of financial crime risk assessment processes and controls. This review serves as a crucial reminder: the Business-Wide Risk Assessment (BWRA) is not merely a documentation exercise; it is the legal and operational foundation of a firm's entire anti-financial crime framework under the Money Laundering Regulations 2017 (MLR 2017) . A meaningful BWRA allows...

In a significant move that has resonated across the global financial community, the Securities and Exchange Board of India (SEBI) has brought a high-profile market abuse case against the global quantitative trading firm, Jane Street. The case, which is still under investigation, serves as a reminder of how regulatory bodies are adapting their oversight to the complexities of modern, algorithmic trading. The Allegations: Manipulation on Expiry Days At the core of SEBI's allegations is the...

The landscape of financial crime prevention is evolving rapidly and artificial intelligence (AI) is at the center of that transformation....