Main legal guidelines we’re monitoring:
UK regulatory replace
The King’s Speech on 13 Could introduced the present authorities’s legislative agenda for the subsequent 18 months, assuming it survives that lengthy. Notably there was no particular dedication to the SRA to FCA change for AML supervision and no race and incapacity pay hole reporting legislation.
A big failure to stop bribery case because the SFO secures a £15m DPA settlement with Extremely Electronics. The case was filled with crimson flags involving abroad intermediaries linked to public officers in excessive danger jurisdictions.
Phishing emails stay each a cyber danger, and a regulatory one. South Staffordshire Water was fined £963,900 for failing fundamental safety requirements which allowed a phishing e-mail to compromise over 600,000 clients’ knowledge.
The following stage of the Knowledge (Use and Entry) Act is being rolled out, with a brand new requirement on UK companies to have a knowledge safety complaints process from 19 June 2026.
The FCA has reminded monetary companies of the actual dangers of AI-enabled fraud, with almost half 1,000,000 instances in a 12 months. AI instruments are serving to scammers turn into extra organised and centered. Fraud can be more and more linked to transnational organised crime.
Employers who’ve not but complied with the For Ladies Scotland resolution on single-sex areas are dealing with an growing danger of a tribunal or discrimination declare and mustn’t delay taking motion. We additionally answered key questions on the subject following our latest webinar.
The UK’s OFSI has fined Deutsche Financial institution for sanctions failings after it processed two funds to a Russian app developer. The financial institution did not display screen for possession and management regardless of the plain Russia-related dangers.
What are the regulatory necessities round psychological well being at work? We’ve answered key questions from our newest webinar.
EU regulatory replace
The EU’s back-and-forth on the AI Act continues, with the August deadline looming for implementation whereas an Omnibus deal has did not materialise. Nevertheless the EU has revealed its landmark steering on what constitutes a high-risk AI system.
Extra Brussels confusion over the EU Deforestation Regulation. The EUDR is meant to come back on-line on the finish of the 12 months, however companies are nonetheless awaiting up to date FAQs, new steering, and the simplification report on what precisely the compliance necessities are.
US regulatory replace
The DOJ has moved to grab a Beverly Hills mansion which was allegedly bought and renovated with $30 million in proceeds from a scheme involving defence contracting, bribery, fraud and cash laundering in Iraq.
One of many largest compelled labour prosecutions in US historical past has highlighted the provision chain dangers of contemporary slavery. If public data can join compelled labour to merchandise reaching grocery store cabinets, firms could discover it tougher to argue that they may not have identified.
The authorized market
Six in ten regulated companies are unprepared for the 2026 modifications to the cash laundering laws. Anticipated to come back into drive round June, the modifications would require coverage and coaching updates and will expose companies to fines in the event that they don’t take pro-active motion.
The Crime and Policing Act has turn into legislation, and the enlargement of senior supervisor felony legal responsibility begins from the top of June. We check out what this implies for legislation companies who are likely to have extra concentrated senior supervisor roles.
Monaco’s AML regulator has fined the financial institution UBS €6 million after figuring out repeated failures within the financial institution’s anti-money laundering controls. Weaknesses have been discovered throughout due diligence, useful possession and PEP checks.
Regulation agency Dentons could have gained a part of its long-running AML case towards the SRA, however the drama continues. The case has now been despatched again to the Solicitors Disciplinary Tribunal to determine whether or not the AML breach crossed the skilled misconduct threshold.
A brand new report has revealed roughly 10% of UK GDP. is from illicit cash, a minimum of £325 bn strikes via the UK monetary system. Such a large scale demonstrates the numerous publicity of felony networks to regulated entities.
Around the globe
Canadian privateness regulators concluded that OpenAI’s unique coaching and deployment of ChatGPT violated Canadian privateness legal guidelines. The investigation discovered that the corporate collected and used private data with out ample transparency or significant consent.
Do you know?
Neglect suitcases of money, luxurious items maker Louis Vuitton was fined €500,000 for lax AML controls within the Netherlands that allowed a felony community to launder money via buying branded suitcases and purses themselves, then resold in China.
Upcoming webinars:
The 2026 webinar schedule is stay!
New guides
The place can I discover extra?
Comply with our every day weblog. Try our new guides. Subscribe to the podcast.
Main legal guidelines we’re monitoring:
UK regulatory replace
The King’s Speech on 13 Could introduced the present authorities’s legislative agenda for the subsequent 18 months, assuming it survives that lengthy. Notably there was no particular dedication to the SRA to FCA change for AML supervision and no race and incapacity pay hole reporting legislation.
A big failure to stop bribery case because the SFO secures a £15m DPA settlement with Extremely Electronics. The case was filled with crimson flags involving abroad intermediaries linked to public officers in excessive danger jurisdictions.
Phishing emails stay each a cyber danger, and a regulatory one. South Staffordshire Water was fined £963,900 for failing fundamental safety requirements which allowed a phishing e-mail to compromise over 600,000 clients’ knowledge.
The following stage of the Knowledge (Use and Entry) Act is being rolled out, with a brand new requirement on UK companies to have a knowledge safety complaints process from 19 June 2026.
The FCA has reminded monetary companies of the actual dangers of AI-enabled fraud, with almost half 1,000,000 instances in a 12 months. AI instruments are serving to scammers turn into extra organised and centered. Fraud can be more and more linked to transnational organised crime.
Employers who’ve not but complied with the For Ladies Scotland resolution on single-sex areas are dealing with an growing danger of a tribunal or discrimination declare and mustn’t delay taking motion. We additionally answered key questions on the subject following our latest webinar.
The UK’s OFSI has fined Deutsche Financial institution for sanctions failings after it processed two funds to a Russian app developer. The financial institution did not display screen for possession and management regardless of the plain Russia-related dangers.
What are the regulatory necessities round psychological well being at work? We’ve answered key questions from our newest webinar.
EU regulatory replace
The EU’s back-and-forth on the AI Act continues, with the August deadline looming for implementation whereas an Omnibus deal has did not materialise. Nevertheless the EU has revealed its landmark steering on what constitutes a high-risk AI system.
Extra Brussels confusion over the EU Deforestation Regulation. The EUDR is meant to come back on-line on the finish of the 12 months, however companies are nonetheless awaiting up to date FAQs, new steering, and the simplification report on what precisely the compliance necessities are.
US regulatory replace
The DOJ has moved to grab a Beverly Hills mansion which was allegedly bought and renovated with $30 million in proceeds from a scheme involving defence contracting, bribery, fraud and cash laundering in Iraq.
One of many largest compelled labour prosecutions in US historical past has highlighted the provision chain dangers of contemporary slavery. If public data can join compelled labour to merchandise reaching grocery store cabinets, firms could discover it tougher to argue that they may not have identified.
The authorized market
Six in ten regulated companies are unprepared for the 2026 modifications to the cash laundering laws. Anticipated to come back into drive round June, the modifications would require coverage and coaching updates and will expose companies to fines in the event that they don’t take pro-active motion.
The Crime and Policing Act has turn into legislation, and the enlargement of senior supervisor felony legal responsibility begins from the top of June. We check out what this implies for legislation companies who are likely to have extra concentrated senior supervisor roles.
Monaco’s AML regulator has fined the financial institution UBS €6 million after figuring out repeated failures within the financial institution’s anti-money laundering controls. Weaknesses have been discovered throughout due diligence, useful possession and PEP checks.
Regulation agency Dentons could have gained a part of its long-running AML case towards the SRA, however the drama continues. The case has now been despatched again to the Solicitors Disciplinary Tribunal to determine whether or not the AML breach crossed the skilled misconduct threshold.
A brand new report has revealed roughly 10% of UK GDP. is from illicit cash, a minimum of £325 bn strikes via the UK monetary system. Such a large scale demonstrates the numerous publicity of felony networks to regulated entities.
Around the globe
Canadian privateness regulators concluded that OpenAI’s unique coaching and deployment of ChatGPT violated Canadian privateness legal guidelines. The investigation discovered that the corporate collected and used private data with out ample transparency or significant consent.
Do you know?
Neglect suitcases of money, luxurious items maker Louis Vuitton was fined €500,000 for lax AML controls within the Netherlands that allowed a felony community to launder money via buying branded suitcases and purses themselves, then resold in China.
Upcoming webinars:
The 2026 webinar schedule is stay!
New guides
The place can I discover extra?
Comply with our every day weblog. Try our new guides. Subscribe to the podcast.
