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Navigating the Crypto Compliance Minefield: OFSI 2025 Threat Assessment

On 21 July 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) published a sector-specific Cryptoassets Threat Assessment (“the Report”), shedding light on the evolving risks and vulnerabilities in the crypto...more

Fresh inquiry into economic crime will push UK further towards expansion of ‘failure to prevent’ legislation

On 23 October, the Treasury Committee launched a further inquiry to review what progress has been made in combatting economic crime. While the inquiry is focused on the effectiveness of the existing anti-money laundering...more

W.I.R.E Debates: Law Commission Proposals on Suspicious Activity Reporting

The UK Law Commission has published a report criticising existing anti-money laundering legislation and providing recommendations to improve the quality of Suspicious Activity Reports (SARs).  What should we make of these...more

UK House of Lords rejects public beneficial ownership registers for British Overseas Territories

On 17 January 2018, the House of Lords voted against an amendment to the proposed Sanctions and Anti-Money Laundering Bill that sought to create a publicly accessible register of the beneficial ownership of companies...more

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