i-law

Financial Crime

US crypto regulation: less oversight, more risk?

Trump-era cryptocurrency policy changes – including the creation of certain legal rights for stablecoin issuers under the GENIUS Act, and other regulatory developments – are being met with concern. In particular, a banking law expert has told Money Laundering Bulletin that the system is flawed, with echoes of the early stages of the 2008 financial crisis. 

This article, written by Keith Nuthall, includes expert opinion on the issues from leading AML/CFT commentators.

 

Money Laundering Bulletin

LLR: Financial Crime

DENTONS UK AND MIDDLE EAST LLP v SOLICITORS REGULATION AUTHORITY LTD
[2026] Lloyd's Rep FC 381
Disciplinary proceedings – Solicitors – Compliance with legal and regulatory obligations – Threshold for Professional Misconduct proceedings – Test for breach of SRA Principles – Whether breach of MLRs automatically constituted breach of Principle 7 – Whether inherent requirement of seriousness – Scope of remittal – Legal Services Act 2007, section 28(3) – Solicitors Regulation Authority Principles 2011, Principle 7 – Solicitors Regulation Authority Code of Conduct 2011, Outcome 7.5 – Money Laundering Regulations 2007 (SI 2007 No 2157), regulation 14.
NATIONAL CRIME AGENCY v GKC (NO 1)
[2026] Lloyd's Rep FC 405
Fraud – Proceeds of Crime – Unexplained Wealth Order – Interim freezing order – Anonymity – Open justice.

Lloyd’s Law Reports Citator

2025 Edition: now available

https://static.i-law.com/ilawResponsive/prod/publications/Feb-2026/11/73d5a0d7-c1f4-4042-a6b6-cb7b902f155b-2025_title_page_thumb.jpg

The 2025 Edition of Lloyd’s Law Reports Citator is now available on i-law.com

  • The Citator is “an essential reference tool for judgments reported in the year 2025”.
  • It is an annual document, in PDF form
  • The Citator indexes cases reported in across our five Law Reports series It also features data from our Plus series of reporting.

Access the new edition of The Citator here.

Supreme court coverage in Lloyd's Law Reports: Financial Crime

Latest Supreme Court case reported in Lloyd's Law Reports: Financial Crime

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El-Khouri v Government of The United States of America [2025] UKSC 3; [2025] Lloyd's Rep FC 87

With a commentary written by Rachel Cook, of Counsel, Peters & Peters Solicitors LLP, this case clarifies and simplifies the test for conduct and determining jurisdiction with regards to extradition. However, the Supreme Court acknowledged the simplicity of applying the test in this case, and practitioners are left with potential difficulties arising in more complex scenarios with conduct occurring across multiple jurisdictions.

Financial Crime Search

Compliance Monitor

Nationwide fined £44m for weak personal customer controls
Failings in its financial crime defences significantly hindered Nationwide's ability to maintain understanding of and monitor all its current account customers properly. This created a particularly high risk where any customers were using their personal accounts for business activity, reports Denis O'Connor.
Online Published Date:  02 Feb 2026
Appeared in issue:  Vol 38 No 5 - 01 Feb 2026
SAR struck: trends in NCA suspicious activity reporting figures
While overall volumes of Suspicious Activity Reports remain unwieldily high, some sectors - including 'professional enablers' - are glaringly underrepresented. Ruth Paley examines the latest data.
Online Published Date:  02 Feb 2026
Appeared in issue:  Vol 38 No 5 - 01 Feb 2026
Stablecoins: no longer the new kid on the block
The rapid growth of stablecoins has attracted significant attention from policymakers and financial regulators worldwide, as reflected in the publication of a recent paper from the International Monetary Fund. Drawing on its findings and associated insights, Martin Dowdall and Daniel Hirschfield explore key features of the stablecoin landscape.
Online Published Date:  02 Feb 2026
Appeared in issue:  Vol 38 No 5 - 01 Feb 2026

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