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3069912 pc Apr 17, 2026 adavies Liechtenstein News - Financial Market Authority horizon scanning
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Liechtenstein's Financial Market Authority Publishes 2025 Annual Report

On April 16, 2026, the Financial Market Authority (FMA) Liechtenstein published its 2025 annual report. The report details regulatory developments and enforcement activities across Liechtenstein's financial sector during a challenging macroeconomic environment marked by geopolitical tensions, protectionist trends, and fragmented global trade. The financial sector demonstrated stability despite external pressures. Significant regulatory developments included the implementation of the Markets in Crypto-Assets Regulation (MiCAR) (EU) 2023/1114 and the Digital Operational Resilience Act (DORA) implementation law, both effective in January 2025. In December 2025, Liechtenstein approved its first crypto-asset service providers (CASPs) under MiCAR, authorising them to provide services including custody and management of crypto-assets. Liechtenstein became one of 18 European Economic Area states to issue MiCAR authorisations. Additionally, in early 2026, the FMA approved its first mortgage bond institute, a specialised institution restricted to issuing mortgage bonds for refinancing purposes. The legal framework for bank and securities firm supervision was comprehensively revised and aligned with European Economic Area regulatory structure, effective February 1, 2025. During 2025, the FMA concluded 75 enforcement proceedings, comprising 30 administrative procedures, 42 administrative penalty proceedings, and three combined proceedings. Fines totalling CHF 590,000 became final in 17 proceedings, with the majority (13 cases) resulting from violations of due diligence legislation. Additional fines of CHF 60,000 were imposed in three pending proceedings. To enhance efficiency and reduce regulatory burden, the FMA's supervisory board authorised a systematic review project in December 2025 to identify optimisation opportunities and assess regulatory requirements and internal processes for proportionality and effectiveness.

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537 chars · nid 91995

Liechtenstein's Financial Market Authority Publishes 2025 Annual Report

On April 16, 2026, Liechtenstein’s Financial Market Authority (FMA) published its 2025 annual report. The report details regulatory developments and enforcement activities across Liechtenstein's financial sector during 2025. Significant regulatory developments included the implementation of Regulation (EU) 2023/1114 (Markets in Crypto-Assets – MiCA) and Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA). Additionally, for 2026, the FMA will be focusing on reducing bureaucratic hurdles and increasing efficiency.
3120829 pc Apr 17, 2026 arahman Denmark Official Gazette horizon scanning
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Denmark's Official Gazette Publishes Updated Investment Funds Act

On 2 May 2026, the Official Gazette (Lovtidende) published an updated version of Denmark's law on investment funds (lov om investeringsforeninger m.v.), reflecting amendments from recent legislative changes. The updated act consolidates amendments from Law No. 712 of 20 June 2025 and Law No. 1638 of 16 December 2025. Key amendments address crypto-asset exposure handling, environmental, social and governance (ESG) transition planning requirements, enhanced documentation standards for fund management structures, clarified rules for third-country credit institution licensing, expanded Financial Supervisory Authority (Finanstilsynet) powers regarding material acquisitions of shareholdings, disclosure regulation penalties, modernisation of FAIF-UCITS II directive rules, and strengthened anti-money laundering provisions. The act also establishes a common European access point (ESAP) for submission of specified public information. Certain amendments enter into force on staggered dates: provisions concerning crypto-asset handling, ESG planning, documentation requirements, third-country licensing, and supervisory acquisition approval powers take effect 2 July 2026. Amendments relating to disclosure penalties, FAIF-UCITS modernisation, and anti-money laundering strengthening take effect 10 January 2028. Provisions on prospectus thresholds, share class restrictions, multilateral trading facility disclosure, and supervisory independence take effect 25 June 2026. The consolidated act applies to Danish UCITS (undertakings for collective investment in transferable securities), including investment associations, variable capital investment companies (SIKAV), and securities funds, along with their depository institutions, management companies, and supervisory requirements under Danish and European Union financial regulation.

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964 chars · nid 92343

Denmark Publishes Act on Investment Associations in the Official Gazette

On April 17, 2026, the Act on Investment Associations was published in the Danish official gazette, applicable to investment firms. Investment firms must be authorised by the Danish Financial Supervisory Authority as an undertaking for collective investment in transferable securities (UCITS) in order to carry on business which consists of: Receiving funds from a wider circle or the public, which are invested in financial instruments following the principle of diversification. As a master institution, a firm can either receive funds from a wider circle or the public and have a feeder undertaking among its investors, or have at least two feeder undertakings as investors and invest the funds in financial instruments. UCITS may only carry on business and have the exclusive right and duty to use the designation "investment fund" in the firm's name in letters and other business documents, including electronic communications and on the official website.
3076324 pc Apr 17, 2026 rghosh South Korea Financial Supervisory Services (FSS) - Press releases financial services
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South Korea's Financial Supervisory Service Intensifies Enforcement Against Illegal Delisting Evasion Schemes

On April 17, 2026, South Korea's Financial Supervisory Service (FSS) announced a coordinated enforcement initiative targeting illegal activities designed to circumvent delisting requirements. The announcement follows the FSS's expansion of delisting criteria in January 2026, which significantly broadened the conditions under which marginal companies face mandatory delisting from Korean capital markets. The FSS has identified a concerning increase in illegal conduct by companies at risk of delisting. The regulator has documented multiple schemes including: embezzled funds used by company representatives to artificially inflate equity capital through paid-in capital increases; inflated revenue and equity figures to avoid delisting; sales of held shares prior to accounting standard violation disclosures to circumvent losses; and short-term market manipulation to evade trading volume-related delisting requirements. The FSS will establish a coordinated enforcement approach across its investigation, disclosure review, and accounting supervision divisions to intensify monitoring and enforcement against delisting evasion schemes. This multi-departmental effort aims to strengthen market confidence and investor protection by ensuring marginal companies exit the market in a timely manner, supporting capital market efficiency and preventing fraudulent practices that undermine market integrity. The FSS stated it will continue rigorous surveillance and strict enforcement measures against violations related to unfair trading practices and accounting fraud conducted for delisting evasion purposes.

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1610 chars · nid 92034

South Korea's FSS Intensifies Enforcement Against Illegal Delisting Evasion Schemes

On April 17, 2026, South Korea's Financial Supervisory Service (FSS) announced a coordinated enforcement initiative targeting illegal activities designed to circumvent delisting requirements. The announcement follows the FSS's expansion of delisting criteria in January 2026, which significantly broadened the conditions under which marginal companies face mandatory delisting from Korean capital markets. The FSS has identified a concerning increase in illegal conduct by companies at risk of delisting. The regulator has documented multiple schemes including: Embezzled funds used by company representatives to artificially inflate equity capital through paid-in capital increases. Inflated revenue and equity figures to avoid delisting. Sales of held shares prior to accounting standard violation disclosures to circumvent losses. Short-term market manipulation to evade trading volume-related delisting requirements. The FSS will establish a coordinated enforcement approach across its investigation, disclosure review, and accounting supervision divisions to intensify monitoring and enforcement against delisting evasion schemes. This multi-departmental effort aims to strengthen market confidence and investor protection by ensuring marginal companies exit the market in a timely manner, supporting capital market efficiency and preventing fraudulent practices that undermine market integrity. The FSS stated it will continue rigorous surveillance and strict enforcement measures against violations related to unfair trading practices and accounting fraud conducted for delisting evasion purposes.
3069933 pc Apr 17, 2026 adavies Norway Financial Supervisory Authority financial services
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Norway's Financial Supervisory Authority Identifies Serious Anti-Money Laundering Deficiencies at Handelsbanken

On March 4-7, 2024, the Financial Supervisory Authority (Finanstilsynet) conducted an on-site inspection of Svenska Handelsbanken AB's Norwegian branch. The inspection focused on the company's compliance with anti-money laundering regulations. Finanstilsynet determined that at the time of inspection, the branch had serious deficiencies in its compliance with anti-money laundering rules. The authority identified significant gaps in the company's adherence to applicable anti-money laundering and counter-terrorism financing (AML/CTF) requirements. Following the inspection, Finanstilsynet published a supervisory report detailing its main findings. The report was sent to Handelsbanken and made publicly available on Finanstilsynet's website. Depending on the nature and severity of any breaches identified, Finanstilsynet may issue formal decisions against the company, which could include requirements to remedy violations, impose administrative fines, or withdraw authorisations. Any such decisions would be reflected in the supervisory report. If Handelsbanken disputes any decision issued by Finanstilsynet, the company may lodge a complaint, and the case will be updated accordingly with information regarding the appeal. REFERENCES: Finanstilsynet. Tilsynsrapport - Handelsbanken. Available at: https://www.finanstilsynet.no/

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681 chars · nid 91994

Norway's Financial Supervisory Authority Identifies Serious Anti-Money Laundering Deficiencies at Handelsbanken

On April 16, 2026, Norway’s Financial Supervisory Authority (FSA) published an inspection report finding serious anti-money laundering (AML) deficiencies in Svenska Handelsbanken (SH). As explained by the FSA, it conducted an on-site inspection between March 4 and 7, 2024. The authority found that the bank had serious deficiencies in its AML measures relating to risk assessments, appropriate customer measures and outsourcing. In response, SH has undertaken several measures to address the deficiencies. Additionally, the FSA has requested that the bank provide a report on the status of its remedial actions on a semi-annual basis, with the first report due by June 30, 2026.
3075077 pc Apr 17, 2026 rghosh Japan Japanese Bankers Association financial services
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European Commission Receives Japanese Bankers Association Comments on EU Banking Sector Competitiveness Consultation

On April 17, 2026, the Japanese Bankers Association (JBA) submitted comments to the European Commission on its targeted consultation regarding the competitiveness of the European Union banking sector, which was released on February 11, 2026. The JBA, representing 242 members including 111 full member banks, expressed support for strengthening EU banking competitiveness while highlighting specific challenges facing third-country banks operating within the bloc. According to Bank for International Settlements data, Japanese banks hold claims on Europe totalling USD 1,318.5 billion. The JBA identified five key areas requiring attention: cross-border activity fragmentation, international competitiveness regarding remuneration rules, depositor protection harmonisation, regulatory complexity, and proportionality of supervisory approaches. The JBA emphasised that divergent implementation of EU banking rules across Member States, supervisory gold-plating, and non-harmonised insolvency regimes significantly increase compliance burdens for third-country banking groups. The association flagged provisions under the Capital Requirements Directive VI (CRD VI) relating to third-country branches and intermediate parent undertaking (IPU) requirements as introducing excessive organisational complexity and undue capital and liquidity constraints. The JBA also noted that remuneration policy restrictions place the EU at a competitive disadvantage relative to other financial centres, particularly London, in attracting and retaining talent. Additionally, the JBA advocated for harmonised deposit guarantee frameworks, greater flexibility in applying prudential requirements at group level, and proportionate treatment of subsidiaries and branches of banks headquartered in jurisdictions with equivalent regulatory standards, such as Japan. The association recommended enhanced international coordination through equivalence assessments and a phased approach to European Central Bank supervision designation. REFERENCES: Japanese Bankers Association. (2026). *Comments on Targeted Consultation on the Competitiveness of the EU Banking Sector*. Retrieved from European Commission consultation portal.

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1892 chars · nid 92032

Japanese Bankers Association Publishes Comments on EU Banking Sector Competitiveness Consultation

On April 17, 2026, the Japanese Bankers Association (JBA) submitted comments to the European Commission on its targeted consultation regarding the competitiveness of the European Union banking sector, which was released on February 11, 2026. The JBA, representing 242 members including 111 full member banks, expressed support for strengthening EU banking competitiveness while highlighting specific challenges facing third-country banks operating within the bloc.  The JBA identified five key areas requiring attention: Cross-border activity fragmentation. International competitiveness regarding remuneration rules. Depositor protection harmonisation. Regulatory complexity. Proportionality of supervisory approaches. The JBA emphasised that divergent implementation of EU banking rules across Member States, supervisory gold-plating, and non-harmonised insolvency regimes significantly increase compliance burdens for third-country banking groups. The association flagged provisions under the Capital Requirements Directive VI (CRD VI) relating to third-country branches and intermediate parent undertaking (IPU) requirements as introducing excessive organisational complexity and undue capital and liquidity constraints. The JBA also noted that remuneration policy restrictions place the EU at a competitive disadvantage relative to other financial centres, particularly London, in attracting and retaining talent. Additionally, the JBA advocated for harmonised deposit guarantee frameworks, greater flexibility in applying prudential requirements at group level, and proportionate treatment of subsidiaries and branches of banks headquartered in jurisdictions with equivalent regulatory standards, such as Japan. The association recommended enhanced international coordination through equivalence assessments and a phased approach to European Central Bank supervision designation.
3070869 pc Apr 17, 2026 adavies European Union Press Releases - Loan Market Association financial services
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Loan Market Association Responds to European Commission Consultation on EU Banking Sector Competitiveness

On 16 April 2026, the Loan Market Association (LMA) submitted its response to the European Commission's targeted consultation on the competitiveness of the EU banking sector. The LMA's submission represents the perspective of the trillion-dollar European, Middle Eastern, and African (EMEA) loan markets, which finance European corporates and projects. The LMA emphasises that a more diversified and integrated European financing ecosystem is essential for strengthening banks' balance-sheet capacity and improving access to finance for EU corporates and projects, particularly in capital-intensive sectors. The association highlights that bank lending should be complemented by institutional capital sources, securitisation, and cross-border credit flows. The LMA stresses that regulatory design and calibration are central to shaping banks' ability to compete globally and support investment in Europe's strategic priorities, including the green transition, digitalisation, and defence. Well-functioning securitisation markets and consistent cross-border lending frameworks are identified as key enablers of scalable financing. The LMA contextualises its response within the Savings and Investment Union and the wider competitiveness agenda, underscoring the role of deeper and more efficient capital markets in mobilising private investment across the EU and reducing reliance on public balance sheets. Jesse Beardsworth, Interim Head of UK & EU Public Policy & Regulatory, notes that "getting the regulatory calibration right is crucial to ensuring banks can work alongside institutional investors to finance large-scale, long-dated projects that are central to Europe's long-term growth and competitiveness." The full response document is available on the LMA website.

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803 chars · nid 91993

Loan Market Association Responds to European Commission Consultation on EU Banking Sector Competitiveness

On 16 April 2026, the Loan Market Association (LMA) submitted its response to the European Commission's targeted consultation on the competitiveness of the EU banking sector. The LMA emphasises that a more diversified and integrated European financing ecosystem is essential for strengthening banks' balance-sheet capacity and improving access to finance for EU corporates and projects, particularly in capital-intensive sectors. The LMA stresses that regulatory design and calibration are central to shaping banks' ability to compete globally and support investment in Europe's strategic priorities, including the green transition, digitalisation, and defence. Well-functioning securitisation markets and consistent cross-border lending frameworks are identified as key enablers of scalable financing.
3075401 pc Apr 17, 2026 arahman Russia State Duma - News financial services
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Russia Strengthens Critical Information Infrastructure Security with Legislative Amendments

On April 20, 2025, amendments to Russia's Code of Administrative Offences and Criminal Code entered into force, designed to enhance the security of critical information infrastructure (CII). The changes were introduced by Vyacheslav Volodin, Chairman of the State Duma of the Federal Assembly of the Russian Federation. The amendments modify Article 274.1 of the Criminal Code, which addresses unlawful interference with Russia's critical information infrastructure. Under the revised provisions, criminal liability now extends to unauthorised access to protected computer information and violations of CII operational rules, provided such actions result in destruction, blocking, modification, or copying of computer information contained within Russia's CII. The maximum penalty remains unchanged at up to six years' imprisonment. The article is supplemented with a provision allowing persons who committed offences under Part 3 to be exempted from criminal responsibility if they actively assisted in the disclosure or investigation of the crime, including taking necessary measures to preserve evidence of unlawful interference with CII, and if their actions do not constitute another criminal offence. The Code of Administrative Offences has been amended to establish liability for violations of operational rules governing CII objects. Maximum administrative fines for such violations reach 500,000 rubles for legal entities. Critical information infrastructure, as defined by Federal Law No. 187-FZ (July 27, 2017), encompasses information systems, information and telecommunications networks, and automated control systems operating in healthcare, science, transport, communications, energy, property registration, banking, financial markets, fuel and energy complexes, atomic energy, defence, aerospace, mining, metallurgical, and chemical industries. REFERENCES: State Duma Official Website (Russian Federation Parliament)

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1377 chars · nid 92031

Russia's State Duma Strengthens Critical Information Infrastructure Security with Legislative Amendments

On April 17, 2026, the State Duma announced that the amendments to Russia's Code of Administrative Offences and Criminal Code will enter into force on April 20, 2026, designed to enhance the security of critical information infrastructure (CII). The amendments modify Article 274.1 of the Criminal Code, which addresses unlawful interference with Russia's critical information infrastructure. Under the revised provisions, criminal liability now extends to unauthorised access to protected computer information and violations of CII operational rules, provided such actions result in destruction, blocking, modification or copying of computer information contained within Russia's CII. The maximum penalty remains unchanged at up to six years' imprisonment. The article is supplemented with a provision allowing persons who committed offences under Part 3 to be exempted from criminal responsibility if they actively assisted in the disclosure or investigation of the crime, including taking necessary measures to preserve evidence of unlawful interference with CII, and if their actions do not constitute another criminal offence. The Code of Administrative Offences has been amended to establish liability for violations of operational rules governing CII objects. Maximum administrative fines for such violations reach RUB500,000 (approximately €5,600) for legal entities.
3070378 pc Apr 17, 2026 adavies European Union European Banking Authority financial services
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European Banking Authority Publishes Draft Technical Package for Reporting Framework Version 4.3

On 16 April 2026, the European Banking Authority (EBA) published a draft technical package for version 4.3 of its reporting framework, covering anti-money laundering (AML) and third country branches (TCB) reporting. This early release aims to support reporting entities in preparing for upcoming changes ahead of the final publication scheduled for June 2026. The draft technical package includes validation rules, the Data Point Model (DPM), and XBRL taxonomies, and introduces new reporting requirements. These include new Implementing Technical Standards (ITS) on the supervisory reporting of third-country branches in accordance with Article 48l(1) of the Capital Requirements Directive (CRD), with a first reference date of 31 March 2027. The package also includes the DPM and taxonomy supporting the methodology to identify obliged entities that will fall under the direct supervision of the Anti-Money Laundering Authority (AMLA), with a first reference date of 31 December 2026. The EBA notes that this package should be read in conjunction with templates and instructions published by AMLA for testing and calibration exercises. The final technical package for Reporting Framework 4.3 will reflect any necessary amendments following stakeholder review. Stakeholders are invited to submit comments and suggestions on the draft technical package 4.3 and the new glossary by 10 May 2026 using the EBA feedback form. The EBA notes that the final package will include additional elements not yet covered, notably two tables related to the AMLA framework (AML.01.01 and AML.01.02), as well as further validation rules applicable to AML reporting. REFERENCES: European Banking Authority. "The EBA seeks feedback on 4.3 draft technical package of its reporting framework." News & Press, 16 April 2026. https://www.eba.europa.eu/

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1112 chars · nid 91992

European Banking Authority Consults on Draft Technical Package for Reporting Framework Version 4.3

On April 16, 2026, the European Banking Authority (EBA) launched a consultation on its draft technical package for version 4.3 of its reporting framework, covering anti-money laundering (AML) and third country branches (TCB) reporting. This early release aims to support reporting entities in preparing for upcoming changes ahead of the final publication scheduled for June 2026. The draft technical package includes validation rules, the Data Point Model (DPM) and XBRL taxonomies, as well as introduces new reporting requirements, including: New implementing technical standards (ITS) on the supervisory reporting of third-country branches in accordance with Article 48l(1) of Directive 2013/36/EU (Capital Requirements Directive – CRD), with a first reference date of March 31, 2027. The DPM and taxonomy supporting the methodology to identify obliged entities that will fall under the direct supervision of the Anti-Money Laundering Authority (AMLA), with a first reference date of December 31, 2026. The EBA is seeking feedback on its consultation by May 10, 2026, which can be submitted via this link .
3075383 pc Apr 17, 2026 rghosh South Africa Government of South Africa financial services
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South Africa's National Assembly Introduces General Laws Anti-Money Laundering and Combating Terrorism Financing Amendment Bill

The South African National Assembly has introduced the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill 2026. The bill represents an update to South Africa's anti-money laundering and counter-terrorism financing (AML/CTF) framework within its general laws structure. The National Assembly published an explanatory summary of the bill alongside its introduction, which outlines the legislative intent and key provisions of the proposed amendments. The bill is designed to strengthen South Africa's AML/CTF regime, which falls under the jurisdiction of the Department of Finance and related financial regulatory authorities. The amendments will affect financial institutions, money service businesses, and other entities subject to AML/CTF obligations under South African law. The introduction of this bill follows South Africa's ongoing commitment to international AML/CTF standards and compliance with Financial Action Task Force (FATF) recommendations. The amendments are intended to enhance the country's ability to detect, prevent, and combat money laundering and terrorism financing activities. The bill is now in the parliamentary process for consideration by the National Assembly. Further details regarding the specific amendments, consultation periods, and expected timelines for passage will be determined as the legislative process progresses. **Reference:** South African Government, General Laws Amendment Bill: National Assembly Notice of Introduction in National Assembly of General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill 2026 and Publication of Explanatory Summary of Bill

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1227 chars · nid 92030

South Africa Introduces AML Amendment Bill

On April 17, 2026 South African National Assembly introduced the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill 2026. The bill represents an update to South Africa's anti-money laundering and counter-terrorism financing (AML/CTF) framework within its general laws structure. The National Assembly published an explanatory summary of the bill alongside its introduction, which outlines the legislative intent and key provisions of the proposed amendments. The amendments will affect financial institutions, money service businesses, and other entities subject to AML/CTF obligations under South African law. The introduction of this bill follows South Africa's ongoing commitment to international AML/CTF standards and compliance with Financial Action Task Force (FATF) recommendations. The amendments are intended to enhance the country's ability to detect, prevent, and combat money laundering and terrorism financing activities. The bill is now in the parliamentary process for consideration by the National Assembly. Further details regarding the specific amendments, consultation periods, and expected timelines for passage will be determined as the legislative process progresses.
3070081 gc Apr 16, 2026 mschanke Wyoming Wyoming Gaming Commission gamblingcompliance
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559 chars · nid 50853

Wyoming regulator publishes notice of intent to adopt amended skill-game rules

On April 15, 2026, the Wyoming Gaming Commission published a notice of intent to adopt amended skill-based amusement games rules. The amended rules clarify that operators and vendors are required to locate designated areas in a place determined by the executive director of the gaming commission or their designee. Public comments may be submitted until June 4, 2026, via the agency website or email at nick.larramendy1@wyo.gov. A public hearing will be held if requested by 25 persons, a government subdivision, or an association with at least 25 members.
3116417 gc Apr 16, 2026 mschanke Massachusetts Massachusetts - Press Releases gamblingcompliance
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Massachusetts Gaming Commission Reopens Sports Wagering Licensing Process

On April 16, 2026, the Massachusetts Gaming Commission (MGC) voted unanimously to reopen the sports wagering licensing process in Massachusetts. The decision follows a request from Bet365, which seeks to apply for a Category 3 Sports Wagering License. Massachusetts law establishes three categories of sports wagering licenses: Category 1 for retail sports wagering at a Massachusetts casino; Category 2 for retail sports wagering at a racing facility; and Category 3 for online and mobile sports wagering. Category 3 licenses can be tethered to a Category 1 or 2 licensee, or untethered. When sports wagering initially launched in the Commonwealth, 16 companies applied for various license types. Of these, three withdrew their applications, one application was deemed incomplete, and two licensees subsequently ceased operations in Massachusetts after receiving their licenses. The reopening of the licensing process allows new operators to enter the Massachusetts sports wagering market. Companies interested in applying for a sports wagering license must first submit a Notice of Intent to the MGC to begin the licensing process. The MGC will begin accepting Notice of Intent submissions on April 16, 2026, with a deadline of May 15, 2026. If applications for Category 3 mobile-only licenses exceed the number available, the MGC will establish a competitive evaluation process to determine which applicants receive licenses. Further information regarding the licensing process and currently licensed Massachusetts sports wagering operators is available on the MGC's website.

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1288 chars · nid 50971

Massachusetts regulator reopens sports wagering licensing process

On April 16, 2026, the Massachusetts Gaming Commission (MGC) voted unanimously to reopen the sports wagering licensing process in Massachusetts. Massachusetts law establishes three categories of sports wagering licenses: Category 1 for retail sports wagering at a Massachusetts casino; Category 2 for retail sports wagering at a racing facility; and Category 3 for online and mobile sports wagering. Category 3 licenses can be tethered to a Category 1 or 2 licensee, or untethered. Companies interested in applying for a sports wagering license must first submit a notice of intent to the MGC to begin the licensing process. The MGC will begin accepting such submissions through May 15, 2026 . The completed notice of intent must be sent to mgcclerk@massgaming.gov. The notice of intent is not an application for a sports wagering license but for informational purposes to aid the MGC in understanding the interest in licenses for sports wagering. If applications for Category 3 mobile-only licenses exceed the number available, the MGC will establish a competitive evaluation process to determine which applicants receive licenses. Further information regarding the licensing process and currently licensed Massachusetts sports wagering operators is available on the MGC's website .
3069387 pc Apr 16, 2026 adavies Norway Finans Norge horizon scanning
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European Union Should Simplify Banking Regulations and Harmonise National Measures, Finance Norway Advises

On April 16, 2026, Finance Norway submitted a response to the European Commission's consultation on competitiveness in the European banking sector. The submission calls for a simplified banking regulatory framework and reduced national discretion in implementing regulatory measures. Finance Norway emphasises that the cumulative compliance burden on banks has become excessive, particularly for small and less complex institutions. The organisation advocates for a more targeted regulatory approach where low-risk banks and activities are subject to simplified reporting requirements and less stringent demands. Erik Johansen, director of banking and capital markets at Finance Norway, states that simplifications must not undermine risk sensitivity in regulatory requirements or banks' incentives for sound risk management. The submission highlights that current regulations grant national authorities excessive discretion to tighten capital requirements for banks, resulting in inconsistent implementation across member states. Finance Norway calls for a regulatory framework with reduced national discretion and stricter European Union-level coordination to achieve more harmonised use of macroprudential tools. The organisation supports automatic reciprocity, whereby measures automatically apply to foreign banks with exposures in countries implementing them, which it argues would create more level competitive conditions and improve capital planning predictability. Finance Norway also recommends that authorities enable banks to deploy capital buffers during economic downturns to maintain economic activity, consistent with the buffers' intended purpose. The submission notes that the European Union's comprehensive crisis management framework for banks, requiring sufficient loss-absorbing capacity, reduces the need for overly conservative capital requirements and permits more proportionate, risk-sensitive capital regulation without compromising financial stability. REFERENCES: Finance Norway submission to European Commission consultation on banking sector competitiveness (April 16, 2026): https://www.finansnorge.no/

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2138 chars · nid 91981

European Union Should Simplify Banking Regulations and Harmonise National Measures, Finance Norway Advises

On April 16, 2026, Finance Norway submitted a response to the European Commission's consultation on competitiveness in the European banking sector. The submission calls for a simplified banking regulatory framework and reduced national discretion in implementing regulatory measures. Finance Norway emphasises that the cumulative compliance burden on banks has become excessive, particularly for small and less complex institutions. The organisation advocates for a more targeted regulatory approach where low-risk banks and activities are subject to simplified reporting requirements and less stringent demands. Erik Johansen, director of banking and capital markets at Finance Norway, states that simplifications must not undermine risk sensitivity in regulatory requirements or banks' incentives for sound risk management. The submission highlights that current regulations grant national authorities excessive discretion to tighten capital requirements for banks, resulting in inconsistent implementation across member states. Finance Norway calls for a regulatory framework with reduced national discretion and stricter European Union-level coordination to achieve more harmonised use of macroprudential tools. The organisation supports automatic reciprocity, whereby measures automatically apply to foreign banks with exposures in countries implementing them, which it argues would create more level competitive conditions and improve capital planning predictability. Finance Norway also recommends that authorities enable banks to deploy capital buffers during economic downturns to maintain economic activity, consistent with the buffers' intended purpose. The submission notes that the European Union's comprehensive crisis management framework for banks, requiring sufficient loss-absorbing capacity, reduces the need for overly conservative capital requirements and permits more proportionate, risk-sensitive capital regulation without compromising financial stability. REFERENCES: Finance Norway submission to European Commission consultation on banking sector competitiveness (April 16, 2026): https://www.finansnorge.no/
3069120 pc Apr 16, 2026 csoo United Kingdom Financial Conduct Authority horizon scanning
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Financial Conduct Authority Reviews Year Two Consumer Duty Board Reports and Identifies Areas for Improvement

On 16 April 2026, the Financial Conduct Authority (FCA) published its review of Year Two Consumer Duty Board reports, assessing progress made by firms in demonstrating customer outcomes and identifying areas requiring further development ahead of the third reporting cycle. The FCA found that firms have made meaningful progress in several areas. Governing bodies now formally review and approve Consumer Duty reports with explicit confirmation of compliance obligations. Boards are increasingly retaining dedicated Consumer Duty Champions, reflecting recognition that senior accountability drives cultural embedding of the Duty. Firms have also strengthened action plans with clear ownership, timelines and progress tracking, and are drawing on broader quantitative and qualitative data—including trend analysis and root cause assessments—to demonstrate customer outcomes. Enhanced monitoring of vulnerable customer segments has also been observed. However, the FCA identified areas requiring concentrated effort. Some firms presented extensive data without sufficiently explaining how it demonstrated good or poor outcomes, and Boards must push for analysis beyond management information dashboards. Monitoring of outcomes delivered through distribution chains and intermediaries remains weak, with firms struggling to identify proportionate approaches to third-party oversight. Many Boards did not adequately document the challenge they provided during reviews, making it difficult to assess how senior leaders tested evidence. Additionally, some reports focused more heavily on products and value than on customer understanding and support—core outcomes under the Duty. The FCA plans to consult on changes to rules and guidance relating to distribution chains during 2026 and will publish best practice examples of outcome monitoring. Firms should strengthen outcome monitoring, governance and distribution oversight as they prepare Year Three submissions. REFERENCE: https://www.fca.org.uk/news/news-stories/year-2-consumer-duty-board-reports-progress-and-what-comes-next

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2080 chars · nid 91980

Financial Conduct Authority Reviews Year Two Consumer Duty Board Reports and Identifies Areas for Improvement

On 16 April 2026, the Financial Conduct Authority (FCA) published its review of Year Two Consumer Duty Board reports, assessing progress made by firms in demonstrating customer outcomes and identifying areas requiring further development ahead of the third reporting cycle. The FCA found that firms have made meaningful progress in several areas. Governing bodies now formally review and approve Consumer Duty reports with explicit confirmation of compliance obligations. Boards are increasingly retaining dedicated Consumer Duty Champions, reflecting recognition that senior accountability drives cultural embedding of the Duty. Firms have also strengthened action plans with clear ownership, timelines and progress tracking, and are drawing on broader quantitative and qualitative data—including trend analysis and root cause assessments—to demonstrate customer outcomes. Enhanced monitoring of vulnerable customer segments has also been observed. However, the FCA identified areas requiring concentrated effort. Some firms presented extensive data without sufficiently explaining how it demonstrated good or poor outcomes, and Boards must push for analysis beyond management information dashboards. Monitoring of outcomes delivered through distribution chains and intermediaries remains weak, with firms struggling to identify proportionate approaches to third-party oversight. Many Boards did not adequately document the challenge they provided during reviews, making it difficult to assess how senior leaders tested evidence. Additionally, some reports focused more heavily on products and value than on customer understanding and support—core outcomes under the Duty. The FCA plans to consult on changes to rules and guidance relating to distribution chains during 2026 and will publish best practice examples of outcome monitoring. Firms should strengthen outcome monitoring, governance and distribution oversight as they prepare Year Three submissions. REFERENCE: https://www.fca.org.uk/news/news-stories/year-2-consumer-duty-board-reports-progress-and-what-comes-next
3069121 pc Apr 16, 2026 csoo United Kingdom Financial Conduct Authority horizon scanning
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United Kingdom's Financial Conduct Authority Introduces Simplified Short Selling Reporting Rules

On April 16, 2026, the Financial Conduct Authority (FCA) finalised a revised short selling regime that streamlines reporting requirements for firms while maintaining regulatory oversight of the market. The new rules implement legislative changes under the government's repeal and replace programme. Under the revised framework, the FCA will publish aggregated data showing the overall net short positions in each company rather than identifying individual short sellers. The regime introduces a more proportionate approach to short selling oversight, recognising that short selling supports price formation, provides liquidity, and facilitates risk management in financial markets. Key changes include an extended reporting timetable that provides firms with additional time to calculate and submit short position reports, reducing administrative burden. For market makers, the rules have been simplified significantly, allowing eligible firms to submit annual confirmations regarding exemptions rather than making frequent individual notifications to the FCA. This reduces administrative effort while retaining necessary regulatory oversight. Jon Relleen, FCA director of infrastructure and exchanges, stated: "These changes give firms clearer rules and cut administrative burdens, while ensuring we have the information we need to keep the market fair. It is smarter regulation in action." The FCA's powers to intervene in exceptional market conditions, including through emergency measures, remain unchanged. The regulator maintains a high threshold for deploying emergency powers, reserving their use for exceptional circumstances only. **Reference:** Financial Conduct Authority. (2026, April 16). The FCA introduces clearer and simpler short selling rules. Retrieved from FCA website.

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1795 chars · nid 91979

United Kingdom's Financial Conduct Authority Introduces Simplified Short Selling Reporting Rules

On April 16, 2026, the Financial Conduct Authority (FCA) finalised a revised short selling regime that streamlines reporting requirements for firms while maintaining regulatory oversight of the market. The new rules implement legislative changes under the government's repeal and replace programme. Under the revised framework, the FCA will publish aggregated data showing the overall net short positions in each company rather than identifying individual short sellers. The regime introduces a more proportionate approach to short selling oversight, recognising that short selling supports price formation, provides liquidity, and facilitates risk management in financial markets. Key changes include an extended reporting timetable that provides firms with additional time to calculate and submit short position reports, reducing administrative burden. For market makers, the rules have been simplified significantly, allowing eligible firms to submit annual confirmations regarding exemptions rather than making frequent individual notifications to the FCA. This reduces administrative effort while retaining necessary regulatory oversight. Jon Relleen, FCA director of infrastructure and exchanges, stated: "These changes give firms clearer rules and cut administrative burdens, while ensuring we have the information we need to keep the market fair. It is smarter regulation in action." The FCA's powers to intervene in exceptional market conditions, including through emergency measures, remain unchanged. The regulator maintains a high threshold for deploying emergency powers, reserving their use for exceptional circumstances only. **Reference:** Financial Conduct Authority. (2026, April 16). The FCA introduces clearer and simpler short selling rules. Retrieved from FCA website.
3067634 gc Apr 16, 2026 apintea Malta Financial Intelligence Analysis Unit gamblingcompliance
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Malta's Financial Intelligence Analysis Unit Introduces Settlement Framework and Updates Enforcement Guidance

On April 1, 2026, Malta's Financial Intelligence Analysis Unit (FIAU) implemented significant amendments to its administrative penalty process through Legal Notice 82 and Legal Notice 83. These legislative changes grant the FIAU authority to enter into settlement agreements regarding administrative penalties and introduce out-of-court settlement mechanisms for cases with pending appeal proceedings. The FIAU has updated its enforcement function webpage to reflect these developments, providing AML professionals with current information and practical compliance tools. Key updates include a newly published Enforcement Guide outlining how potential breaches are assessed, pursued and resolved, emphasising proportionality, consistency and compliance-focused outcomes. The Compliance Monitoring Committee (CMC) Governing Principles document explains the CMC's role in assessing cases, determining administrative measures and overseeing settlement processes. Additionally, the FIAU published policies governing the publication of anti-money laundering and counter-terrorism financing (AML/CFT) administrative penalties and measures, and a Settlement Agreement Policy detailing the legal basis, objectives and principles for settlement arrangements. The FIAU website now includes a dedicated settlements section where summaries of settlement and out-of-court settlement agreements concluded with subject persons will be published in accordance with Article 13C of the Prevention of Money Laundering Act. To support understanding of these updates, the FIAU is hosting an outreach training session on April 21, 2026, offering two identical half-day sessions (morning and afternoon). The course covers recent legislative changes, the Enforcement Guide, settlement processes and the FIAU's enforcement framework, with dedicated question-and-answer segments. The session has been accredited for three hours of structured continuing professional education qualifying as core competency under Accountancy Board accreditation rules. Registration is available for both sessions.

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Maltese FIAU publishes enforcement guidance

On April 16, 2026, Malta's Financial Intelligence Analysis Unit (FIAU) published several pieces of guidance concerning enforcement following the publication of the Anti-Money Laundering and Terrorism Financing (Amendment) Regulations 2026 in the official gazette. The legislative change empowers the FIAU to enter into settlement agreements with obligated entities regarding administrative penalties and introduces out-of-court settlement mechanisms for cases with pending appeal proceedings. To reflect this development, the FIAU: Published an Enforcement guide outlining how potential breaches are assessed, pursued and resolved, emphasising proportionality, consistency and compliance-focused outcomes. The guide becomes effective on July 1, 2026. Published a Settlement agreement policy detailing the legal basis, objectives and principles for settlement arrangements. The policy applies from April 1, 2026. Updated the Compliance Monitoring Committee Governing Principles explaining the CMC's role in assessing cases, determining administrative measures and overseeing settlement processes. Updated the Policies and Procedures on the Publication of AML/CFT Administrative Penalties and Measures outlining the criteria considered when deciding whether, how and when an enforcement outcome is published. All AML professionals and compliance staff have been encouraged to familiarise themselves with the guidance outlined above.
3068278 gc Apr 16, 2026 apintea Ukraine PlayCity Ukraine - Decisions gamblingcompliance
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Ukraine's Gambling Regulator Applies Penalty to Pati Planet for Gambling Legislation Violations

On April 14, 2026, the State Agency for Gambling and Lotteries Control (Playcity) issued Decision No. 124-Р following an unannounced remote inspection of LLC "Pati Planet." The decision documents the results of the inspection and the application of a financial sanction (fine) against the operator for breaches of gambling legislation requirements. The inspection was conducted without requiring an on-site visit, utilising remote monitoring capabilities available to the regulator. The specific violations identified and the penalty amount are contained within the decision document. This enforcement action reflects Playcity's ongoing regulatory oversight of licensed gambling operators operating within Ukraine's jurisdiction. The decision has been published on Playcity's official website and is available for download in PDF format. This action forms part of the regulator's broader supervisory and enforcement activities within the gambling sector. **Reference:** State Agency for Gambling and Lotteries Control (Playcity) Decision No. 124-Р (April 14, 2026)

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Ukraine's Gambling Regulator Applies Penalty to Pati Planet for Gambling Legislation Violations

On April 14, 2026, the State Agency for Gambling and Lotteries Control (Playcity) issued Decision No. 124-Р following an unannounced remote inspection of LLC "Pati Planet." The decision documents the results of the inspection and the application of a financial sanction (fine) against the operator for breaches of gambling legislation requirements. The inspection was conducted without requiring an on-site visit, utilising remote monitoring capabilities available to the regulator. The specific violations identified and the penalty amount are contained within the decision document. This enforcement action reflects Playcity's ongoing regulatory oversight of licensed gambling operators operating within Ukraine's jurisdiction. The decision has been published on Playcity's official website and is available for download in PDF format. This action forms part of the regulator's broader supervisory and enforcement activities within the gambling sector. **Reference:** State Agency for Gambling and Lotteries Control (Playcity) Decision No. 124-Р (April 14, 2026)
3069382 pc Apr 16, 2026 adavies European Union Media - EU Anti-Money Laundering Authority horizon scanning
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Anti-Money Laundering Authority Consults on Group-Wide Requirements and Business-Wide Risk Assessment

On 16 April 2026, the Anti-Money Laundering Authority (AMLA) launched two public consultations on draft instruments establishing how obliged entities should identify, assess, and manage money laundering and terrorist financing risks across their operations. The first consultation concerns draft Guidelines on business-wide risk assessment under Anti-Money Laundering Regulation (AMLR) Article 10(4). These Guidelines set minimum expectations for all obliged entities in the financial and non-financial sectors, while allowing proportionality based on entity size, business model, and risk profile. A business-wide risk assessment enables entities to determine their risk exposure and ensure adequate anti-money laundering and counter-terrorism financing (AML/CTF) controls are in place. The Guidelines support entities in making informed, risk-based decisions on managing their specific risk exposure. The second consultation concerns draft Regulatory Technical Standards (RTS) on group-wide requirements under AMLR Articles 16(4) and 17(3). These standards establish minimum requirements for group-wide AML/CTF frameworks, including in cross-border situations and when obliged entities operate in third countries. The RTS aim to ensure groups obtain a consolidated view of money laundering and terrorist financing risks across their entire organisations and adapt their policies, procedures, and control functions accordingly. AMLA welcomes responses from all stakeholders and particularly encourages feedback from the non-financial sector. Submissions may be made in any official European Union language. Two online public hearings will provide stakeholders with direct engagement opportunities: the Draft RTS on group-wide requirements hearing on 20 May 2026 (10:00–12:00 CET) and the Draft Guidelines on business-wide risk assessment hearing on 28 May 2026 (10:00–12:00 CET).

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1883 chars · nid 91977

Anti-Money Laundering Authority Consults on Group-Wide Requirements and Business-Wide Risk Assessment

On 16 April 2026, the Anti-Money Laundering Authority (AMLA) launched two public consultations on draft instruments establishing how obliged entities should identify, assess, and manage money laundering and terrorist financing risks across their operations. The first consultation concerns draft Guidelines on business-wide risk assessment under Anti-Money Laundering Regulation (AMLR) Article 10(4). These Guidelines set minimum expectations for all obliged entities in the financial and non-financial sectors, while allowing proportionality based on entity size, business model, and risk profile. A business-wide risk assessment enables entities to determine their risk exposure and ensure adequate anti-money laundering and counter-terrorism financing (AML/CTF) controls are in place. The Guidelines support entities in making informed, risk-based decisions on managing their specific risk exposure. The second consultation concerns draft Regulatory Technical Standards (RTS) on group-wide requirements under AMLR Articles 16(4) and 17(3). These standards establish minimum requirements for group-wide AML/CTF frameworks, including in cross-border situations and when obliged entities operate in third countries. The RTS aim to ensure groups obtain a consolidated view of money laundering and terrorist financing risks across their entire organisations and adapt their policies, procedures, and control functions accordingly. AMLA welcomes responses from all stakeholders and particularly encourages feedback from the non-financial sector. Submissions may be made in any official European Union language. Two online public hearings will provide stakeholders with direct engagement opportunities: the Draft RTS on group-wide requirements hearing on 20 May 2026 (10:00–12:00 CET) and the Draft Guidelines on business-wide risk assessment hearing on 28 May 2026 (10:00–12:00 CET).
3070317 pc Apr 16, 2026 pdonofrio US Track 2 U.S. Department of the Treasury horizon scanning
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United States Treasury Sanctions Nicaraguan Government Officials and Gold Sector Companies

On April 16, 2026, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) designated five individuals and seven companies operating in Nicaragua's gold sector. The sanctions target entities and individuals involved in the forcible seizure of U.S.-owned property in Nicaragua, as well as officials within the Nicaraguan government who facilitate the Murillo-Ortega regime's control over the country's mining operations. The designated individuals include Maurice Facundo Ortega Murillo and Daniel Edmundo Ortega Murillo, sons of Nicaragua's co-presidents Rosario Murillo and Daniel Ortega, who serve as the Nicaraguan Presidential Delegate for Sports and head of the Communication and Citizenship Council respectively. Santiago Hernan Bermudez Tapia, Vice Minister of Energy and Mines, was also designated. Additionally, OFAC sanctioned Feiwu Bian and Anibal Vladimir Matus Buitrago, identified as individuals involved in the occupation of a gold processing facility owned by BHMB Mining Nicaragua S.A., a company with U.S. investment. The seven designated companies include Exportadora de Metales Sociedad Anonima (EMSA), Grupo Minero Xiloa S.A., Thomas Metal S.A., Nicaragua Xinxin Linze Mineria Group S.A., Brother Metal S.A., Zhong Fu Development S.A., and Santa Rita Mining Company S.A. These entities operate within Nicaragua's gold sector and have been granted mining concessions by the regime. The sanctions were imposed pursuant to Executive Order 13851, as amended by Executive Order 14088, which authorizes sanctions in response to the national emergency regarding Nicaragua. All property and interests in property of the designated individuals and blocked entities within the United States or in the possession or control of U.S. persons are now blocked. U.S. persons are generally prohibited from conducting transactions involving designated or blocked persons unless authorised by OFAC. Violations may result in civil or criminal penalties. REFERENCES: U.S. Department of the Treasury, Office of Foreign Assets Control. "Treasury Sanctions Government Officials, Nicaraguan Regime-Linked Gold Firms, and Individuals Involved in Seizing U.S.-Owned Property." April 16, 2026. https://home.treasury.gov/news/press-releases/jy2462

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782 chars · nid 92018

US Office of Foreign Assets Control Sanctions Nicaraguan Government Officials and Gold Sector Companies

On April 16, 2026, the US Office of Foreign Assets Control (OFAC) designated five individuals and seven entities involved in the forcible seizure of US-owned property in Nicaragua, as well as officials within the Nicaraguan government facilitating the government's control over the country's mining operations. According to OFAC, these entities operate within Nicaragua's gold sector and have been granted mining concessions by the government. The sanctions were imposed pursuant to Executive Order 13851 , which authorizes Nicaragua-related sanctions. All property and interests in property of the designated individuals and entities are blocked, and US individuals and entities are generally prohibited from conducting transactions with them unless expressly authorized by OFAC.
3065369 pc Apr 16, 2026 pthandapani India Reserve Bank of India horizon scanning
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India's Reserve Bank Amends Non-Banking Financial Company Branch Authorisation Directions

On April 15, 2026, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026, amending the original directions issued on November 28, 2025. The amendment provides operational flexibility to non-banking financial companies (NBFCs) for branch expansion while maintaining compliance requirements. The amendment introduces a general permission for most NBFCs to open branches without prior RBI approval, unless specifically restricted. However, deposit-taking NBFCs face differentiated requirements based on net owned funds (NOF) and credit rating. Deposit-taking NBFCs with NOF up to ₹50 crore or credit ratings below AA may open branches or appoint agents only within the state where their registered office is located. Deposit-taking NBFCs with NOF exceeding ₹50 crore and credit ratings of AA or above may open branches or appoint agents anywhere in India. The amendment applies to various NBFC categories, including NBFC-D, NBFC-ICC, NBFC-Factor, NBFC-MFI, NBFC-IFC, IDF-NBFC, housing finance companies (HFCs), and core investment companies (CICs), with specific provisions tailored to each category. The directions also clarify that CICs and HFCs are excluded from certain provisions while included in others, and replace the previous wind-up mechanism for CICs with a review and recall of approvals process. The Amendment Directions came into force with immediate effect on April 15, 2026, and are issued under Chapter IIIB of the Reserve Bank of India Act, 1934, Section 30A of the National Housing Bank Act, 1987, and related enabling provisions. **Reference:** Reserve Bank of India Notification RBI/2026-2027/11 (April 15, 2026)

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1730 chars · nid 91970

India's Reserve Bank Amends Non-Banking Financial Company Branch Authorisation Directions

On April 15, 2026, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026, amending the original directions issued on November 28, 2025. The amendment provides operational flexibility to non-banking financial companies (NBFCs) for branch expansion while maintaining compliance requirements. The amendment introduces a general permission for most NBFCs to open branches without prior RBI approval, unless specifically restricted. However, deposit-taking NBFCs face differentiated requirements based on net owned funds (NOF) and credit rating. Deposit-taking NBFCs with NOF up to ₹50 crore or credit ratings below AA may open branches or appoint agents only within the state where their registered office is located. Deposit-taking NBFCs with NOF exceeding ₹50 crore and credit ratings of AA or above may open branches or appoint agents anywhere in India. The amendment applies to various NBFC categories, including NBFC-D, NBFC-ICC, NBFC-Factor, NBFC-MFI, NBFC-IFC, IDF-NBFC, housing finance companies (HFCs), and core investment companies (CICs), with specific provisions tailored to each category. The directions also clarify that CICs and HFCs are excluded from certain provisions while included in others, and replace the previous wind-up mechanism for CICs with a review and recall of approvals process. The Amendment Directions came into force with immediate effect on April 15, 2026, and are issued under Chapter IIIB of the Reserve Bank of India Act, 1934, Section 30A of the National Housing Bank Act, 1987, and related enabling provisions. **Reference:** Reserve Bank of India Notification RBI/2026-2027/11 (April 15, 2026)
3067309 gc Apr 16, 2026 gkaliraman Australia ACMA gamblingcompliance
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Australian Communications and Media Authority Issues Formal Warning to Chasebet for Failing to Promote BetStop

On April 16, 2026, the Australian Communications and Media Authority (ACMA) issued a formal warning to Harris Bookmaking Pty Ltd, trading as Chasebet, for failing to adequately promote BetStop – the National Self-Exclusion Register. An ACMA investigation identified that Chasebet did not adequately promote BetStop in three marketing emails and on its website. Under Australian gambling self-exclusion rules, wagering providers must promote and provide links to BetStop in all promotional electronic messages and on their websites. The investigation found Chasebet's non-compliance with these regulatory requirements across multiple channels. Chasebet attributed the breach to a software consolidation error and stated the non-compliance was unintended. Following ACMA notification, Chasebet promptly rectified the issue by sufficiently promoting BetStop on its website and in marketing emails. The ACMA has advised that if Chasebet breaches these self-exclusion promotion rules again, it may carry out further enforcement action. This warning underscores the regulator's commitment to ensuring wagering providers comply with responsible gambling obligations, particularly regarding the promotion of self-exclusion mechanisms to protect consumers. **Reference:** Australian Communications and Media Authority, "Chasebet fails to promote BetStop in marketing emails," April 16, 2026.

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Australian federal regulator issues warning to Chasebet for failing to promote BetStop

On April 16, 2026, the Australian Communications and Media Authority (ACMA) issued a formal warning to Harris Bookmaking Pty Ltd, trading as Chasebet, for failing to adequately promote BetStop, the National Self-Exclusion Register. An ACMA investigation identified that Chasebet did not adequately promote BetStop in three marketing emails and on its website. Under national gambling self-exclusion rules, wagering providers must promote and provide links to BetStop in all promotional electronic messages and on their websites. The investigation found Chasebet's non-compliance with these regulatory requirements across multiple channels. Chasebet attributed the breach to a software consolidation error and stated the non-compliance was unintended. Following ACMA notification, Chasebet promptly rectified the issue by sufficiently promoting BetStop on its website and in marketing emails, the ACMA said. The ACMA has advised that if Chasebet breaches these self-exclusion promotion rules again, it may carry out further enforcement action. This warning underscores the regulator's commitment to ensuring wagering providers comply with responsible gambling obligations, particularly regarding the promotion of self-exclusion mechanisms to protect consumers.
3064898 pc Apr 16, 2026 pthandapani Taiwan Financial Supervisory Commission (FSC) - Securities Bureau - Press releases financial services
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Taiwan's Financial Supervisory Commission Proposes Foreign Bonds as Collateral for Securities Firms' Unsecured Lending

On April 14, 2026, the Financial Supervisory Commission (FSC) announced proposed amendments to regulations governing securities firms' unsecured lending services. The FSC intends to expand the types of collateral accepted for such lending by permitting foreign bonds, effective under the Securities and Futures Bureau's December 28, 2021 directive. The proposed amendments aim to enhance liquidity management flexibility for investors holding foreign bond assets and enable securities firms to provide more comprehensive financial services. Key modifications include: (1) adding foreign bonds as eligible collateral for unsecured lending, with the requirement that new Taiwan dollar loans cannot be converted to foreign currency; and (2) defining the scope of foreign bonds by reference to the Securities Firms' Rules for Handling Entrustment of Foreign Securities Trading, requiring bonds to carry an investment-grade or higher rating from credit rating agencies recognised by the FSC. The FSC states this expansion will activate investors' foreign bond holdings, improve capital allocation efficiency, and allow securities firms to integrate multiple services including discretionary investment accounts, unsecured lending, sub-accounts, and Taiwan stock brokerage into a unified offering. This integration is intended to enhance competitive positioning for securities firms and provide investors with streamlined financial services. The draft amendments will be published in the Executive Yuan Gazette and on the FSC website, including detailed explanations and comparative tables of proposed changes. Interested parties may submit comments within 60 days of publication through the FSC's Regulatory Query System at http://law.fsc.gov.tw/ under the "Draft Announcements" section. Enquiries may be directed to the Securities and Futures Bureau's Securities Firm Management Division at (02) 2774-7401.

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Taiwanese FInancial Supervisory Commission Seeks Feedback on Allowing Foreign Bonds as Collateral for Lending by Securities Firms

The Taiwanese Financial Supervisory Commission (FSC) is seeking feedback on its proposed amendments to the regulations governing "Securities Firms Conducting Unrestricted Purpose Loans" which will allow foreign bonds to be used as collateral for lending. The proposed amendments: Add "foreign bonds" as eligible collateral for unrestricted purpose loans by securities firms. Prohibit the conversion of New Taiwan Dollar (NTD) loans obtained via these facilities into foreign currencies to maintain currency stability. Align the definition of eligible foreign bonds with the criteria established in Article 6 of the Regulations Governing the Trading of Foreign Securities by Securities Firms . Restrict collateral eligibility to foreign bonds that have been assigned an investment-grade rating by a credit rating agency recognized by the FSC. Support integrated financial services by allowing securities firms to combine sub-brokerage, lending, and brokerage accounts into a "one-stop" service model. Feedback on the proposed amendments may be submitted via this link by June 15, 2026.
3070661 pc Apr 16, 2026 ggallwey US Track 3 U.S. Securities and Exchange Commission financial services
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United States Securities and Exchange Commission Seeks Public Comment on Consolidated Audit Trail Review

On April 16, 2026, the Securities and Exchange Commission (SEC) issued a concept release soliciting public comment on a comprehensive review of the Consolidated Audit Trail (CAT) and other audit trails and related data sources used in regulating U.S. securities markets. The concept release invites comment on multiple foundational aspects of the CAT, including funding and cost management, regulatory purpose, structure and governance, design and scope, and cybersecurity and data privacy considerations. The SEC is also seeking input on balancing privacy and confidentiality protections, civil liberties safeguards, and regulatory requirements. SEC Chairman Paul S. Atkins noted that over the past year, the Commission has reduced the CAT's projected annual operating costs by more than $100 million and permanently eliminated the reporting of personal identifiable information to the CAT through exemptive relief and approved amendments to the national market system plan. However, the Chairman stated the Commission must pursue further reforms to address foundational aspects of the CAT. Jamie Selway, Director of the SEC's Division of Trading and Markets, indicated the Division anticipates the concept release will generate meaningful dialogue with market participants and stakeholders. The SEC welcomes comment on possible regulatory responses and any associated costs, burdens, or benefits. The public comment period will remain open for 60 days following publication of the concept release in the Federal Register. Commenters can submit responses through the SEC's official submission portal.

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1644 chars · nid 92015

United States Securities and Exchange Commission Seeks Public Comment on Consolidated Audit Trail Review

On April 16, 2026, the U.S. Securities and Exchange Commission issued a concept release seeking public comment as part of a comprehensive review of the Consolidated Audit Trail (CAT) and other audit trails and market data sources used in the oversight of U.S. securities markets. The CAT was introduced to improve regulators’ ability to monitor cross-market trading activity by providing accurate, complete, and timely data across trading venues, addressing limitations in earlier audit trail systems. The review reflects developments since the CAT’s approval in 2016, including its full implementation, the retirement of legacy systems such as the Order Audit Trail System (OATS), and significantly higher-than-expected operating costs driven by increased market activity. The SEC is seeking feedback on a broad range of issues, including the CAT’s funding model, regulatory purpose, governance structure, scope and design, and the cybersecurity and data privacy risks associated with large-scale market data collection. The consultation also considers how to balance regulatory surveillance and data collection needs with privacy, confidentiality, and civil liberties concerns. The concept release does not introduce new regulatory requirements but signals a potential reassessment of market surveillance infrastructure and data governance frameworks. The SEC is inviting comment on potential regulatory responses, including the costs, benefits, and operational impacts of future changes. Comments can be submitted through the SEC's website . The comment period will remain open for 60 days following publication in the Federal Register.
3068441 pc Apr 16, 2026 tojuri International Bank of International Settlements financial services
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Bank for International Settlements Publishes UK Payment Systems and Securities Settlement Assessment

On 16 April 2026, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a Level 2 assessment report evaluating the United Kingdom's implementation of the Principles for Financial Market Infrastructures (PFMI). The assessment examined the legal, regulatory and oversight frameworks for systemically important payment systems and central securities depositories (CSDs)/securities settlement systems (SSSs) as of September 2023. The CPMI-IOSCO concluded that the United Kingdom's frameworks for payment systems are complete and consistent with the PFMI. However, for CSDs/SSSs, while the frameworks are largely compliant, the assessment identified areas requiring improvement. Specifically, the report highlighted inconsistencies in risk and governance principles, where implementation was found to be broadly, partly or not consistent with the PFMI requirements. The assessment represents the ongoing monitoring conducted by CPMI-IOSCO to ensure that financial market infrastructure (FMI) implementations across jurisdictions meet international standards. The findings indicate that while the United Kingdom has achieved substantial compliance for payment systems, regulatory authorities should prioritise addressing the identified gaps in the CSDs/SSSs frameworks, particularly strengthening risk management and governance arrangements to achieve full consistency with the PFMI. The full assessment report is available on the Bank for International Settlements website.

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Bank for International Settlements Publishes UK Payment Systems and Securities Settlement Assessment

On 16 April 2026, the Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) published a Level 2 assessment report evaluating the United Kingdom's implementation of the Principles for Financial Market Infrastructures (PFMI). The assessment examined the legal, regulatory, and oversight frameworks for systemically important payment systems, central securities depositories, and securities settlement systems as of September 2023. The CPMI-IOSCO concluded that the United Kingdom's frameworks for payment systems are complete and consistent with the PFMI. However, for central securities depositories and securities settlement systems, while the frameworks are largely compliant, the assessment identified areas requiring improvement. Specifically, the report highlighted inconsistencies in risk and governance principles, where implementation was found to be broadly, partly or not consistent with the PFMI requirements. The assessment represents CPMI-IOSCO's ongoing monitoring to ensure that financial market infrastructure implementations across jurisdictions meet international standards. The findings indicate that while the United Kingdom has achieved substantial compliance for payment systems, regulatory authorities should prioritise addressing the identified gaps in the central securities depositories and securities settlement systems frameworks, particularly strengthening risk management and governance arrangements to achieve full consistency with the PFMI.
3069979 pc Apr 16, 2026 arahman Ukraine National Bank of Ukraine (NBU) horizon scanning
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Ukraine's National Bank Revokes Licences for Two Non-Bank Financial Institutions

On April 14, 2026, the National Bank of Ukraine (NBU) revoked the licences of two non-bank financial institutions and removed them from the State Register of Financial Institutions. The NBU revoked licences held by LLC "FK Premium Capital Group" (registration number 40937865) and LLC "EF ES DZhY" (registration number 43583241) based on applications submitted by the institutions themselves. Both entities held licences to operate as financial companies authorised to provide financial services including credit provision and banking metals lending, as well as factoring services. The removals were made in accordance with point 826 of chapter 76, section XII of the Regulations on Authorisation of Financial Service Providers and Conditions for Their Activities in Providing Financial Services. These regulations were approved by resolution of the NBU Board on December 29, 2023 (No. 199, as amended). The Committee on Supervision and Regulation of Non-Bank Financial Services Markets adopted the decisions to exclude both institutions from the State Register of Financial Institutions due to the revocation of their licences to provide financial services. No further action is required from external parties, as these revocations were initiated by the institutions themselves and have been completed by the NBU. REFERENCES: National Bank of Ukraine official announcement (April 14, 2026)

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National Bank of Ukraine Revokes Licence of Premium Capital Group for Conduct of Business Violations

On April 14, 2026, the National Bank of Ukraine (NBU) revoked the licence held by Premium Capital Group for the activity of a financial company with the right to provide funds and bank metals on credit. Premium Capital committed violations under Chapter 76(826) of the Regulations on Authorisation of Financial Service Providers and Conditions for Their Activities in Providing Financial Services. The Committee on Supervision and Regulation of Non-Bank Financial Services Markets adopted the decision to exclude the institution from the State Register of Financial Institutions due to the revocation of its licence to provide financial services.
3072036 pc Apr 16, 2026 arahman Ukraine News - Central Bank financial services
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Toronto Centre and National Bank of Ukraine Sign Memorandum of Understanding on Capacity Development

On April 15, 2026, Toronto Centre, a global financial supervisory capacity-building organization, and the National Bank of Ukraine (NBU) signed a Memorandum of Understanding (MoU) focused on institutional capacity development and cooperation. The MoU formalizes the parties' commitment to supporting the NBU's supervisory effectiveness, organizational resilience, and risk management systems in accordance with international best practices. The agreement takes into account Ukraine's evolving financial sector priorities and development needs. Since Russia's invasion of Ukraine, Toronto Centre has rapidly mobilized specialized training programs for the NBU, including crisis preparedness and other priority areas. This MoU builds on annual programming that has consistently strengthened the partnership between the two organizations. Babak Abbaszadeh, Toronto Centre President and Chief Executive, stated that Toronto Centre remains committed to supporting the NBU to enable it to remain resilient under severe conditions, highlighting the ongoing conflict and its threat to financial stability. Andriy Pyshnyy, Governor of the National Bank of Ukraine, emphasized that the training and technical assistance provided by Toronto Centre plays an important role in strengthening the institution and building financial resilience during the war. The NBU Governor noted the support of Toronto Centre's donors: the Government of Canada, the Swedish International Development Cooperation Agency, and the International Monetary Fund. The MoU represents a formalized commitment to ongoing cooperation between the two organizations to support Ukraine's financial sector stability amid ongoing conflict.

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National Bank of Ukraine and Toronto Centre Sign Memorandum of Understanding on Capacity Development

On April 15, 2026, the National Bank of Ukraine (NBU) and Toronto Centre, a global financial supervisory capacity-building organisation, signed a memorandum of understanding (MoU) focused on institutional capacity development and cooperation. The MoU formalises the parties' commitment to supporting the NBU's supervisory effectiveness, organisational resilience and risk management systems in accordance with international best practices. The agreement takes into account Ukraine's evolving financial sector priorities and development needs. Since Russia's invasion of Ukraine, Toronto Centre has rapidly mobilised specialised training programmes for the NBU, including crisis preparedness and other priority areas. This MoU builds on annual programming that has consistently strengthened the partnership between the two organisations. Andriy Pyshnyy, governor of the National Bank of Ukraine, emphasised that the training and technical assistance provided by Toronto Centre plays an important role in strengthening the institution and building financial resilience during the war. The MoU represents a formalised commitment to ongoing cooperation between the two organisations to support Ukraine's financial sector stability amid ongoing conflict.
3072134 pc Apr 16, 2026 arahman Russia The central Bank of Russian Federation horizon scanning
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Russia's Central Bank Opens Public Consultation on Multiple Regulatory Amendments

The Bank of Russia (Central Bank of the Russian Federation) has opened public consultations on several draft regulatory acts across financial markets and credit institution governance. The consultations are part of the bank's 2026 regulatory planning programme and invite stakeholder feedback through designated email addresses. Key draft regulations under consultation include amendments to requirements for qualified investors, with comments due by April 29, 2026; modifications to credit institution founder and participant financial position assessments under Federal Law No. 281-FZ (2017); and updates to existing Bank of Russia instructions on various financial market operations. Additional draft instructions address changes to regulations issued on September 23, 2024 (No. 842-P); April 14, 2025 (No. 7044-U); March 23, 2023 (No. 6379-U); September 17, 2025 (No. 7169-U); November 16, 2022 (No. 6316-U); and December 16, 2024 (No. 6960-U). The Bank of Russia has published explanatory notes and draft texts for each proposal, with comment deadlines ranging from April 19 to April 30, 2026. Stakeholders may submit feedback via designated email addresses for each draft regulation. All submissions undergo corruption impact assessment as part of the regulatory review process. The consultations are conducted in accordance with the bank's standard procedures for regulatory impact assessment and are published on the Federal Portal of Draft Regulatory Legal Acts (regulation.gov.ru). **Reference:** Bank of Russia, Проекты нормативных актов Банка России (Draft Regulatory Acts of the Bank of Russia), available at www.cbr.ru

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Central Bank of Russia Consults on Amendments to Regulation No.842-P

On April 16, 2026, the Central Bank of Russia (CBR) launched a consultation on the Draft Bank of Russia Instruction "On Amendments to the Bank of Russia Regulation No.842-P of September 23, 2024". This draft amends Federal Law No.115-F3 "On Combating the Legalisation (Laundering) of Proceeds of Crime and the Financing of Terrorism". The proposed amendments allow banks to refuse to open a bank account for a customer or to refuse to submit an application or instruction for a digital ruble platform. The unique record identifier relating to the relevant refusal to execute a transaction or to refuse to open a bank account or a digital ruble platform shall be generated and sent to the authorised body in accordance with Directive No. 7081-U of June 17, 2025. Comments and feedback are welcome up until April 30, 2026 and can be sent via email to ignatkovalv@cbr.ru .
3066157 pc Apr 16, 2026 tojuri Luxembourg Regulatory Framework - Commission de Surveillance du Secteur Financier financial services
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Luxembourg Financial Authority Implements ESMA Guidelines on Liquidity Management Tools for Investment Funds

On 15 April 2026, the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial regulator, published Circular CSSF 26/910 formally implementing the European Securities and Markets Authority (ESMA) Guidelines on Liquidity Management Tools (LMTs) of Undertakings for Collective Investment in Transferable Securities (UCITS) and open-ended Alternative Investment Funds (AIFs). The Guidelines, published by ESMA on 12 March 2026, establish supervisory standards for the selection, calibration, activation and deactivation of liquidity management tools by fund managers. The Guidelines address four main categories of LMTs: quantitative-based tools (suspension of subscriptions and redemptions, redemption gates, extension of notice periods, and redemptions in kind); anti-dilution tools (redemption fees, swing pricing, dual pricing, and anti-dilution levies); and side pockets. The Guidelines implement requirements introduced by Directive (EU) 2024/927, which amended the Alternative Investment Fund Managers Directive (2011/61/EU) and the UCITS Directive (2009/65/EC), and were transposed into Luxembourg law through amendments to the Law of 17 December 2010 and the Law of 12 July 2013. Fund managers retain primary responsibility for liquidity risk management and must demonstrate that selected LMTs are appropriate, effective and in the best interests of all investors under both normal and stressed market conditions. The Circular applies to Luxembourg-based management companies, investment companies, UCITS investment companies without designated managers, and Alternative Investment Fund Managers (AIFMs) managing open-ended AIFs. The Guidelines apply from 16 April 2026, with a 12-month transition period for existing funds until 16 April 2027. Competent authorities must notify ESMA of compliance within two months of publication.

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Luxembourg Commission de Surveillance du Secteru Financier Implements ESMA Guidelines on Liquidity Management Tools for Investment Funds

On 15 April 2026, Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) published Circular CSSF 26/910 formally implementing the European Securities and Markets Authority (ESMA) Guidelines on Liquidity Management Tools (LMTs) of Undertakings for Collective Investment in Transferable Securities (UCITS) and open-ended Alternative Investment Funds (AIFs) ( ESMA34-671404336-1364 ). The Guidelines establish supervisory standards for the selection, calibration, activation and deactivation of liquidity management tools by fund managers. The Guidelines are divided into four main sections, addressing general principles; quantitative-based LMTs, such as suspension of subscriptions, repurchases, and redemptions; anti-dilution tools, such as redemption fees, swing pricing, and anti-dilution levies; and side pockets. Fund managers retain primary responsibility for liquidity risk management and must demonstrate that selected LMTs are appropriate, effective and in the best interests of all investors under both normal and stressed market conditions. The Circular applies to Luxembourg-based management companies, investment companies, UCITS investment companies without designated managers, and Alternative Investment Fund Managers (AIFMs) managing open-ended AIFs. The Guidelines apply from April 16, 2026, by way of derogation, for funds existing before the date of application; the Guidelines apply twelve months from that date, on April 16, 2027.
3061836 pc Apr 16, 2026 kgurnani Australia Federal Register of Legislation horizon scanning
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Australia's Treasury Department Implements Merchant Card Payment Costs and Surcharging Variation

On April 14, 2026, Australia's Department of the Treasury brought into force the Payment Systems (Regulation) Standards (Merchant Card Payment Costs and Surcharging) Variation 2026 under the Payment Systems (Regulation) Act 1998. The variation amends the Payment Systems (Regulation) Standards to address merchant card payment costs and surcharging practices. This development affects merchants, payment service providers, and card payment systems operating in Australia. The variation establishes or modifies standards governing how merchants may be charged for accepting card payments and the conditions under which surcharges can be applied to consumers using card payment methods. The legislative instrument came into force on April 14, 2026, and is now in effect. The variation is administered by the Department of the Treasury and is registered as F2026L00434 in the Federal Register of Legislation. Merchants and payment system operators should review the updated standards to ensure compliance with the new requirements regarding payment costs and surcharging arrangements. REFERENCES: Payment Systems (Regulation) Standards (Merchant Card Payment Costs and Surcharging) Variation 2026, Federal Register of Legislation, https://www.legislation.gov.au/

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Australia's Treasury Department Implements Merchant Card Payment Costs and Surcharging Variation

On April 14, 2026, Australia's Department of the Treasury brought into force the Payment Systems (Regulation) Standards (Merchant Card Payment Costs and Surcharging) Variation 2026 under the Payment Systems (Regulation) Act 1998 . The variation introduces significant amendments to the Reserve Bank of Australia’s card payment standards, with effect from 1 October 2026, aimed at tightening controls on interchange fees, increasing pricing transparency, and strengthening reporting obligations across credit, debit and prepaid card schemes. The key changes include: New interchange fees: Interchange fees on domestic consumer credit cards capped at 0.3%, commercial credit cards capped at 0.8%, fees on domestic debit and prepaid caps reduced to 8 cents or 0.16 percent of transaction value, and new international interchange fees introduced at 1%. Removal of card surcharging: The instrument allows designated card schemes (eftpos, Visa and Mastercard) to impose no-surcharge rules, effectively enabling the elimination of surcharges on debit and credit card transactions. Standardisation of fee structures: Interchange fees must be a fixed amount or single percentage, and there will prohibition on fee ranges across transaction categories. Expansion of scope: Explicit inclusion of international card transactions, overseas merchant transactions, and modern payment practices (tokenised, card-present vs card-not-present transactions). Regular reporting: Introduction of quarterly reporting requirements to the regulator, including mandatory public disclosure of interchange fees, scheme fees, rebates, and transaction values. These standards have a range of effective dates: Removal of card surcharging and the new interchange fees for domestically issued cards are effective by October 1, 2026. Card schemes must provide information to the RBA to enable monitoring of compliance with interchange fee caps, scheme fee transparency requirements, and the new regulatory standards by October 31, 2026. New interchange cap fees on foreign-issued cards are effective by April 1, 2027.
3061362 pc Apr 16, 2026 tojuri Netherlands Dutch Authority for the Financial Markets horizon scanning
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Netherlands Financial Authority Publishes Report on Artificial Intelligence in Capital Markets

On April 13, 2026, the Netherlands Authority for the Financial Markets (AFM) published a sector report titled "AI in Capital Markets: Balancing Innovation and Integrity," addressing the opportunities and risks associated with artificial intelligence deployment in capital markets. The report identifies three key areas of concern. First, self-learning trading systems can create patterns resembling coordinated behaviour without explicit agreement between parties, as models mirror each other's price movements and amplify market volatility. A single faulty or defensive reaction from one model can rapidly spread without adequate controls, distorting price patterns beyond healthy market functioning. Second, trading models increasingly process not only prices but also news, market sentiment, and social media information, shifting potential manipulation from markets themselves to the data sources these models rely on. A single strategically distributed false report could theoretically trigger hundreds of algorithms within seconds without any misleading orders being placed. Third, the emergence of multi-agent technology alongside autonomous AI systems presents opportunities for increased speed and efficiency but requires careful implementation and appropriate risk management. The AFM emphasises that human involvement and clear accountability are critical to maintaining market integrity and public confidence. Market participants must remain agile enough to integrate new technological developments while establishing transparent decision-making processes, visible human oversight, and clearly defined responsibilities. The AFM commits to strengthening its supervisory capacity and internal expertise, translating identified risks into appropriate supervisory measures. The authority will continue dialogue with market participants and collaborate with national and international regulators to ensure a stable, future-proof market where innovation and control remain balanced. REFERENCES: https://www.afm.nl/en/professionals/nieuws/2026/apr/sectorbericht-ai-kapitaalmarkten

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Dutch Authority for the Financial Markets Publishes Report on Artificial Intelligence in Capital Markets

On April 13, 2026, the Dutch Authority for the Financial Markets (AFM) published its exploratory report titled "AI in Capital Markets: Balancing Innovation and Integrity," which addresses the opportunities and risks associated with the deployment of artificial intelligence in capital markets. The AFM presents how AI is reshaping every stage of the trading lifecycle - including pre-trade, execution and post-trade - and the opportunities this brings in terms of insight and efficiency. The study aimed to clarify where AI creates value in market functioning and to identify the risks that may arise as AI becomes embedded in trading systems. The report identifies three key areas of concern. Firstly, self-learning trading systems can generate patterns that resemble coordinated behaviour without there being any explicit agreement between the parties involved, as the models mirror each other's price movements and thereby amplify market volatility. Secondly, trading models are increasingly processing not only prices, but also news, market sentiment and social media information. This shifts the potential for manipulation from the markets themselves to the data sources on which these models rely. Thirdly, the emergence of multi-agent technology alongside autonomous AI systems offers the potential for greater speed and efficiency, but requires careful implementation and effective risk management. Market participants must be agile enough to integrate new technological developments while establishing transparent decision-making processes, visible human oversight, and clearly defined responsibilities. The AFM’s findings resulted in three main conclusions: Market integrity is shaped by human choices embedded in AI systems, particularly regarding model objectives and constraints, the context in which they operate, and the data they ingest. Risks emerge not only from individual models, but also from the environments in which they operate. Actors remain fully accountable for the outcomes of their systems, regardless of technological complexity. The AFM is committed to developing AI use in the sector by strengthening its supervisory capacity and internal expertise.
3065745 pc Apr 16, 2026 csoo United Kingdom Competition and Markets Authority horizon scanning
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United Kingdom's Office of Financial Sanctions Implementation Publishes Three-Year Strategy

On April 15, 2026, HM Treasury and the Office of Financial Sanctions Implementation (OFSI) published the OFSI Strategy: 2026-2029, setting out a comprehensive plan to strengthen the effectiveness, resilience and impact of UK financial sanctions over the next three years. The strategy establishes a core objective to ensure financial sanctions remain effective, resilient and impactful in response to evolving sanctions circumvention threats and the growing use of sanctions globally. OFSI aims to deliver three key outcomes: an enhanced understanding of threats grounded in data; high quality licensing, enforcement and compliance support; and strong partnerships with industry, across government and internationally. The strategy is structured around four operational pillars—Promote, Enable, Respond and Change—designed to increase the impact of OFSI's work. These pillars guide how OFSI will deliver its objectives and respond to the challenges and opportunities anticipated over the three-year period. The strategy responds to the evolving sanctions landscape and reflects OFSI's commitment to maintaining robust financial sanctions regimes that support UK foreign policy objectives while managing compliance burdens for regulated entities and financial institutions. The publication of this strategy provides clarity to financial institutions, compliance professionals and other stakeholders on OFSI's priorities and operational approach through 2029. The strategy document is available on the GOV.UK website in PDF format, with accessible versions available upon request. REFERENCES: HM Treasury and Office of Financial Sanctions Implementation. (2026). OFSI Strategy: 2026-2029. Available at: https://www.gov.uk/government/publications/ofsi-strategy-2026-2029

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UK's Office of Financial Sanctions Implementation Publishes Three-Year Strategy

On April 15, 2026, HM Treasury and the Office of Financial Sanctions Implementation (OFSI) published the OFSI Strategy: 2026-2029, setting out a comprehensive plan to strengthen the effectiveness, resilience and impact of UK financial sanctions over the next three years. OFSI has significantly scaled up sanctions implementation. Since 2021, the OFSI have: Progressed over 1,400 enforcement cases, issuing 18 public enforcement decisions and over £22m in monetary penalties. Issued over 100 General Licences (GLs), transforming the use of licensing to mitigate unintended consequences from the highest impact sanctions. Used UK counter‑terrorism designation powers for the first time, designating seven individuals and five entities since 2023 in support of domestic security objectives. The OFSI aims to ensure UK financial sanctions are effective, resilient and impactful through their organisational framework of: Promote- shape expectations and set the standard. By: Run targeted, timely campaigns for priority sectors. Publish clear, concise guidance products and assessments, including enforcement communications. Work with other regulators and enforcement bodies to be as consistent and joined-up as possible to reduce friction for compliant firms. Deepen international alignment to reduce arbitrage Run targeted, timely campaigns for priority sectors. Publish clear, concise guidance products and assessments, including enforcement communications. Work with other regulators and enforcement bodies to be as consistent and joined-up as possible to reduce friction for compliant firms. Deepen international alignment to reduce arbitrage Enable- enable sanctions compliant behaviour that is fast predictable and scalable. By: Encourage firms to engage early, provide complete and accurate information and be transparent where risks or uncertainties arise. Provide direct, practical compliance advice on complex scenarios, prioritising critical national or economic interests. A fully effective and regularly updated licensing offer with high, publicised, service standards. Modern, digital by default engagement including social media, online services, reporting and forms. AI-enabled workflows to enhance their services, anticipate risk and stay ahead of evolving evasion methods. Encourage firms to engage early, provide complete and accurate information and be transparent where risks or uncertainties arise. Provide direct, practical compliance advice on complex scenarios, prioritising critical national or economic interests. A fully effective and regularly updated licensing offer with high, publicised, service standards. Modern, digital by default engagement including social media, online services, reporting and forms. AI-enabled workflows to enhance their services, anticipate risk and stay ahead of evolving evasion methods. Respond-deter, disrupt and resolve non-compliance at pace. By: Case prioritisation is evidence led, focusing on the greatest risk and demonstrable impact. Deploy the full enforcement toolkit across financial sanctions. Public enforcement outcomes are fast, frequent and as impactful as possible. Robustly defend litigation, following best practice case management and learning from outcomes to strengthen future decisions and processes. Develop and clarify the legislative framework, and engage in litigation with confidence in OFSI decisions, using best practice case management and lessons learned. Work with UK regulators law enforcement partners to ensure complementary action. Respond-deter, disrupt and resolve non-compliance at pace. By: Case prioritisation is evidence led, focusing on the greatest risk and demonstrable impact. Deploy the full enforcement toolkit across financial sanctions. Public enforcement outcomes are fast, frequent and as impactful as possible. Robustly defend litigation, following best practice case management and learning from outcomes to strengthen future decisions and processes. Develop and clarify the legislative framework, and engage in litigation with confidence in OFSI decisions, using best practice case management and lessons learned. Work with UK regulators law enforcement partners to ensure complementary action. Change-embed lasting behavior change across the whole financial sanctions' system and all actors within it. By: Use feedback loops: guidance and lessons learned shaped by real world experiences and learning from industry and government partners. Ensure all new and updated sanctions enable practical implementation; working with the FCDO and internationally. AI-enabled workflows to enhance OFSI services and make the most of data OFSI holds and collects. Use feedback loops: guidance and lessons learned shaped by real world experiences and learning from industry and government partners. Ensure all new and updated sanctions enable practical implementation; working with the FCDO and internationally. AI-enabled workflows to enhance OFSI services and make the most of data OFSI holds and collects.
3079552 pc Apr 16, 2026 arahman Ukraine State Service of Special Communication and Information Protection of Ukraine horizon scanning
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Ukraine's State Service of Special Communication and Information Protection Establishes Unified Cybersecurity Assessment Methodology

On April 16, 2026, the State Service of Special Communication and Information Protection of Ukraine (Держспецзв'язку) approved Order No. 285, establishing unified methodological approaches for assessing cybersecurity status across government bodies and critical infrastructure operators. The order introduces a comprehensive framework comprising four key documents: methodological recommendations for self-assessment of cybersecurity status; methodological recommendations for external assessment of cybersecurity status; methodological recommendations for preparing assessment reports; and a standardised assessment report template. This initiative implements provisions from Ukraine's Law No. 4336-IX, which introduced the concept of cybersecurity status assessment, and Cabinet of Ministers Resolution No. 1799 (December 31, 2025), which established general procedures and approaches for such assessments. The new methodology employs a mathematical formula calculating cybersecurity status as a weighted average across six key functions: governance, identification, protection, detection, response, and recovery. Protection and detection functions receive the highest weightings, reflecting their priority for system resilience. The framework incorporates a critical vulnerability principle: if any single function scores below 20 percent compliance, the overall cybersecurity status is automatically classified as critical, preventing vulnerabilities from being masked by higher overall scores. A five-level maturity scale (0–4) assesses not only implementation of measures but also documentation quality and integration into operational processes. Assessment criteria evaluate staffing adequacy, personnel awareness, protection planning quality, and incident response readiness. All assessments must produce detailed reports containing summary indicators, recommendations, and supporting documentation. The standardised report format and completion instructions create uniform information presentation, simplifying the assessment process for government authorities and critical infrastructure operators seeking to evaluate and improve their cybersecurity posture.

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Ukraine's State Service of Special Communication and Information Protection Publishes Guidance on Cybersecurity Assessments

On April 16, 2026, the State Service for Special Communications and Information Protection of Ukraine published Guidelines on Conducting a Self-Assessment of the Current State of Cybersecurity. These recommendations are intended for use by critical infrastructure operators and other legal entities that are owners of technological systems processing official information or state secrets. The self-assessment framework establishes a structured methodology for evaluating an entity's cyber defence posture, based on Ukrainian cybersecurity requirements. The assessment requires organisations to review the implementation of cybersecurity measures across six core functions: Governance. Identification. Protection. Detection. Response. Recovery. This is carried out using methods such as research, surveys, testing and analysis, with outputs consolidated into a formal self-assessment report that defines the current state of cyber defence and includes supporting evidence and recommendations. The framework incorporates a critical link principle, meaning that weak performance in any critical function can cause a gap or downgrade in the overall cybersecurity rating. If any function scores below a minimum threshold, the entity is automatically classified as having a critical cyber defence state, regardless of the overall performance.
3067132 pc Apr 16, 2026 adavies European Union Press Releases and Publications - Authority for Anti-Money Laundering and Countering the Financing of Terrorism financial services
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European Union's Anti-Money Laundering Authority Develops Risk Assessment Methodology for Non-Financial Sector

On 15 April 2026, the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) announced it is developing a common methodology that all EU non-financial sector anti-money laundering and counter-terrorism financing (AML/CFT) supervisors will use to assess money laundering and terrorist financing (ML/TF) risks across their sectors. The methodology aims to help national supervisors direct resources toward the highest-risk areas and inform decisions on the frequency and intensity of on-site and off-site inspections. This standardised approach will ensure that ML/TF risks facing every sector and entity are properly managed and overseen across the EU. Given the structural diversity of the non-financial sector—spanning a wide range of entity sizes, risk profiles, business models, and data capacities—AMLA recognises that early input from European-level associations is essential to developing an effective framework. To gather stakeholder input before formalising the methodology, AMLA is hosting an online roundtable on Monday, 4 May 2026, from 11:00 to 13:00 CET via Webex. Invitations have been extended to EU-level trade associations and representative bodies covering obliged entities in the non-financial sector operating across multiple Member States, as defined under Article 3(3) of the Anti-Money Laundering Regulation (AMLR). Places are limited to ensure balanced representation across sectors. Organisations that believe they qualify but have not received an invitation should contact AMLA at riskmodels-nfs[at]amla[dot]europa[dot]eu by 29 April 2026. This roundtable represents a direct opportunity for stakeholders to shape AMLA's regulatory and policy development before decisions are finalised, enabling real-time dialogue and peer engagement ahead of the formal consultation on the draft methodology.

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EU's AMLA Announces Stakeholder Roundtable for Risk Assessment Methodology

On April 15, 2026, the EU’s Anti-Money Laundering Authority (AMLA) announced that it is holding a stakeholder roundtable to develop a common methodology that all EU non-financial sector anti-money laundering and counter-terrorism financing (AML/CTF) supervisors will use to assess money laundering and terrorist financing (ML/TF) risks across the sector. In developing this methodology, AMLA is hosting an online roundtable to gather early input from key stakeholders. The methodology will help national supervisors direct their resources toward the highest-risk areas and inform decisions on the frequency and intensity of on-site and off-site inspections. The roundtable is being held on May 4, 2026. AMLA has extended invitations to EU-level trade associations. However, if an institution believes that it qualifies for participation but has not received an invitation, it may contact riskmodels-nfs@amla.europa.eu by April 29, 2026.
3068271 gc Apr 15, 2026 prandeo Denmark Danish Gambling Authority - Rulings and Reactions gamblingcompliance
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Denmark's Gambling Authority Fines Individual for Operating Slot Machine with Broken Seals

On April 15, 2026, Spillemyndigheden (Denmark's Gambling Authority) announced that Lone Rasmussen accepted a fine of DKK 5,000 for breaching Danish gambling legislation. On December 5, 2024, Rasmussen operated a slot machine called Midnight Madness (ID: 0000000025a9) at Snuppy Bodega, located at Hvidovrevej 267, 2650 Hvidovre, despite the machine having two broken seals. Under Danish gambling regulations, slot machines with broken seals cannot be operated until they have undergone a new inspection. This breach violated Section 15(21)(1) of Executive Order No. 1289 of November 29, 2019 on slot machines in gambling arcades and restaurants. The fine represents enforcement action by the gambling authority to ensure compliance with seal requirements, which form part of the regulatory framework governing gaming machines in Denmark. Rasmussen accepted the fine on March 26, 2026. No further action is required as the matter has been resolved through acceptance of the administrative penalty. REFERENCES: Spillemyndigheden. (2026, April 15). Lone Rasmussen fined for breach of the gambling legislation. Retrieved from https://www.spillemyndigheden.dk/

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Danish gambling regulator fines Lone Rasmussen for breach of gambling legislation

On April 15, 2026, the Danish Gambling Authority (Spillemyndigheden) announced that Lone Rasmussen had accepted a fine of DKK 5,000 (€670) for breach of Danish gambling legislation. The breach consisted of operating a slot machine despite two broken seals. The incident occurred on December 5, 2024, at the gambling premises Snuppy Bodega in Hvidovre, where the slot machine “Midnight Madness” (ID No. 0000000025a9) was used. Under applicable rules, slot machines with broken seals may not be used before a new inspection has taken place. The conduct constitutes a breach of section 15(21)(1) of Executive Order No. 1289 of November 29, 2019 on slot machines in gambling arcades and restaurants. Lone Rasmussen accepted the fine on March 26, 2026.
3066213 pc Apr 15, 2026 pdonofrio US Track 2 Financial Crimes Enforcement Network horizon scanning
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United States Financial Crimes Enforcement Network Imposes Special Measure Restricting Fund Transmittals Involving CIBanco

On April 15, 2026, the Financial Crimes Enforcement Network (FinCEN) imposed a special measure prohibiting certain transmittals of funds involving CIBanco S.A., Institución de Banca Multiple, a Mexican financial institution. Special measures under the Bank Secrecy Act (BSA) represent enforcement actions taken by FinCEN to address money laundering and terrorist financing risks posed by specific financial institutions or jurisdictions. The imposition of restrictions on CIBanco indicates that FinCEN has identified significant compliance concerns or financial crime risks associated with the institution's operations. Such measures typically require U.S. financial institutions and money services businesses to implement enhanced due diligence procedures when processing transactions involving the designated entity, or in certain cases, to prohibit or restrict fund transfers entirely. The amendment to this special measure suggests modifications to the scope or terms of the original restriction. These adjustments may reflect evolving risk assessments, changes in the institution's compliance posture, or refinements to the enforcement action based on operational experience or additional information obtained by FinCEN. U.S. financial institutions and money services businesses subject to BSA requirements must comply with the terms of this special measure. Institutions should review the full details of the restriction to understand their specific obligations regarding transactions involving CIBanco and ensure appropriate systems and controls are implemented to achieve compliance. The measure remains in effect unless subsequently amended or rescinded by FinCEN. **Reference:** Financial Crimes Enforcement Network (FinCEN). Imposition of Special Measure Prohibiting Certain Transmittals of Funds Involving CIBanco S.A., Institución de Banca Multiple; Amendment. April 15, 2026. Available at: https://www.fincen.gov

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US Financial Crimes Enforcement Network Issues Order Restricting Transactions Involving CIBanco SA

On April 15, 2026, the US Financial Crimes Enforcement Network (FinCEN) issued an order — amending a previous June 2025 order — against CIBanco SA. FinCEN found that CIBanco SA violated federal anti-money laundering (AML) laws in connection with illicit opioid trafficking. The amended order stipulates that a covered financial institution is prohibited from engaging in any transmittal of funds from or to CIBanco SA. However, all transmittals of funds that are ordinarily incident and necessary for the government of Mexico to liquidate CIBanco SA, are authorized, provided that: The government of Mexico's appointed liquidator has determined that such transmittal of funds is necessary to liquidate CIBanco SA. The transmittal of funds is not otherwise prohibited by law.
3064139 pc Apr 15, 2026 csoo Italy Bank of Italy horizon scanning
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Italy's Bank of Italy and Consob Update European Market Infrastructure Regulation Competence Document

On April 14, 2026, the Bank of Italy (Banca d'Italia) and the Italian Financial Conduct Authority (Consob) updated the "Reconnaissance Document on the Distribution of EMIR Competences" (Documento ricognitivo sul riparto delle competenze EMIR) to align it with the European Market Infrastructure Regulation (EMIR) framework. The update reflects recent amendments to EU Regulation 648/2012 on over-the-counter derivatives, central counterparties, and trade repositories, specifically incorporating changes introduced by EMIR 3.0 (EU Regulation 2024/2987). The updated document rationalises and restructures the allocation of supervisory responsibilities between the two Italian authorities under the EMIR framework. The European Market Infrastructure Regulation establishes requirements for standardised derivatives trading, central clearing, and trade reporting across EU member states. The competence document serves as a reference guide clarifying which regulatory functions fall under the Bank of Italy's purview and which are handled by Consob, ensuring coordinated oversight of derivatives markets and infrastructure in Italy. The updated document is available on the Bank of Italy's website. REFERENCES: Bank of Italy official announcement: https://www.bancaditalia.it/media/notizia/banca-d-italia-e-consob-aggiornano-il-documento-sul-riparto-delle-competenze-emir/ EU Regulation 648/2012 on OTC derivatives, central counterparties and trade repositories EU Regulation 2024/2987 (EMIR 3.0)

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Bank of Italy and Consob Update European Market Infrastructure Regulation Competence Document

On April 14, 2026, the Bank of Italy (Banca d'Italia) and the Italian Financial Conduct Authority (Commissione Nazionale per le Societa e la Borsa-Consob) updated the "Recognition Document on the Distribution of EMIR Competences" to align it with the European Market Infrastructure Regulation (EMIR) framework . The update reflects recent amendments to EU Regulation 648/2012 on over-the-counter derivatives, central counterparties, and trade repositories, specifically incorporating changes introduced by EMIR 3.0 (EU Regulation 2024/2987) . The updated document rationalises and restructures the allocation of supervisory responsibilities between the two Italian authorities under the EMIR framework. The competence document serves as a reference guide clarifying which regulatory functions fall under the Bank of Italy's purview and which are handled by Consob, ensuring coordinated oversight of derivatives markets and infrastructure in Italy.
3065562 pc Apr 15, 2026 csoo United Kingdom Financial Conduct Authority horizon scanning
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United Kingdom Financial Conduct Authority Consults on Cryptoasset Perimeter Guidance

On 15 April 2026, the Financial Conduct Authority (FCA) opened a consultation on draft perimeter guidance for the United Kingdom's future cryptoasset regulatory regime. The consultation, CP26/13, seeks feedback on the FCA's interpretation of regulated cryptoasset activities ahead of firms being able to apply for authorisation from September 2026. The FCA is consulting on perimeter guidance for seven regulated cryptoasset activities: issuing qualifying stablecoins in the UK; safeguarding or arranging safeguarding of qualifying cryptoassets and relevant specified investment cryptoassets; operating a qualifying cryptoasset trading platform; dealing in qualifying cryptoassets as principal or agent; arranging deals in qualifying cryptoassets; and arranging qualifying cryptoasset staking. The guidance aims to help firms understand when authorisations will be required and supports the FCA's objective of creating an open, sustainable and competitive cryptoasset market that consumers can trust. The consultation builds on previous consultations within the FCA's crypto roadmap, including consultations on stablecoin issuance, cryptoasset custody, prudential rules, and market abuse provisions. The perimeter guidance is relevant to cryptoasset firms providing services to UK consumers, stablecoin issuers, traditional finance firms, industry groups, professional advisers, law firms, consumer groups, policymakers, and other regulatory bodies. The consultation follows Parliament's passage of the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 in February 2026, which brought new cryptoasset activities within the FCA's regulatory remit. The consultation closes on 3 June 2026. Responses can be submitted via the FCA's online response form. The FCA intends to publish final rules in policy statements during summer 2026, with final perimeter guidance to follow in autumn 2026. REFERENCES: https://www.fca.org.uk/news/news-stories/cp2613-cryptoasset-perimeter-guidance

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UK's Financial Conduct Authority Consults on Cryptoasset Perimeter Guidance

On 15 April 2026, the Financial Conduct Authority (FCA) consulted on its draft perimeter guidance for the cryptoasset regulatory regime. The consultation (CP26/13) seeks feedback on the FCA's interpretation of regulated cryptoasset activities ahead of firms being able to apply for authorisation from September 2026. The consultation invites feedback on the FCA's proposed interpretation of the following regulated cryptoasset activities: Issuing qualifying stablecoins in the UK. Safeguarding, or arranging safeguarding of qualifying cryptoassets and relevant specified investment cryptoassets. Operating a qualifying cryptoasset trading platform. Dealing in qualifying cryptoassets as principal. Dealing in qualifying cryptoassets as agent. Arranging deals in qualifying cryptoassets. Arranging qualifying cryptoasset staking. The FCA intends to publish final rules in policy statements during Summer 2026, with final perimeter guidance to follow in Autumn 2026. The deadline for this consultation is June 3, 2026. Responses should be made through the online form .
3066513 pc Apr 15, 2026 ataylor Ontario Ontario Securities Commission financial services
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Ontario Securities Commission Settles Enforcement Action with Liquidnet Canada Inc. Over Marketplace Operation Breaches

On April 15, 2026, the Capital Markets Tribunal approved a settlement agreement between the Ontario Securities Commission (OSC) and Liquidnet Canada Inc. (LCI), a marketplace operator, following breaches of National Instrument 21-101 Marketplace Operation (NI 21-101). LCI operated fixed income and equities alternative trading systems (ATSs) in violation of confidentiality requirements under Ontario securities law. Trade and order information of market participants was visible to certain employees of LCI's foreign affiliates who were not authorized under Ontario law to access such information. Additionally, when the visibility issue on LCI's fixed income ATS was identified, LCI voluntarily suspended certain trading on the ATS but failed to provide the OSC with adequate disclosure regarding the circumstances leading to the suspension. Under the settlement agreement, LCI has paid an administrative penalty of CAD $600,000 for its failures to comply with Ontario securities law and to cover investigation costs. LCI is also required to submit to a review of its practices and procedures conducted by an independent consultant. Bonnie Lysyk, Executive Vice President, Enforcement at the OSC, stated that "marketplaces have a clear obligation to investors to operate fairly and in compliance with the rules," emphasizing that the OSC takes such breaches seriously to protect investors and maintain the integrity of Ontario's capital markets. NI 21-101 establishes the operational rules for marketplaces, including ATSs, operating in Canada, with requirements designed to ensure fair, transparent, and orderly trading. **Reference:** Ontario Securities Commission. (2026, April 15). OSC reaches settlement with Liquidnet Canada Inc. Retrieved from https://www.osc.ca/

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Ontario Securities Commission Fines Liquidnet Canada Inc. CAD600,000 for Confidential Information Breaches

On April 15, 2026, the Ontario Securities Commission (OSC) issued a final order against Liquidnet Canada Inc. (LCI), a registered investment dealer, for violating subsections 5.10(1), (2), and (3) of National Instrument 21-101 (Marketplace Operation) , which govern the protection of confidential marketplace participant information. Liquidnet failed to prevent unauthorized employees of foreign affiliates from accessing confidential trade and order information of Canadian marketplace participants and was not sufficiently forthcoming with the regulator when disclosing the issue. The OSC's key findings included: Inadequate protections for confidential participant information: LCI allowed order and trade information from both its fixed income and equities ATSs to be visible to certain employees of its foreign affiliates. These employees were not authorized under Ontario securities law to view the information because the access was not required for Liquidnet to provide services to its participants, and the participants had not consented. The company failed to implement reasonable safeguards and oversight, and its outsourcing arrangements did not require affiliates to protect confidential data. Lack of transparency with the regulator: After self-identifying the visibility issue, LCI voluntarily suspended trading on its fixed income system after discovering the issue and informed the OSC the shutdown was for routine "system enhancements", failing to mention the data visibility problem. It was not until a quarterly meeting months later that LCI fully disclosed the issue. The commission found the company should have been more forthright and reported the issue much earlier. As part of the settlement agreement, LCI has paid an administrative penalty of CAD600,000 (approximately US$435,400)  for failures to comply with Ontario securities law, as well as costs of the investigation. LCI will also submit to a review of its practices and procedures by an independent consultant.
3064240 gc Apr 15, 2026 gkaliraman United Kingdom Advertising Standards Authority gamblingcompliance
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Advertising Standards Authority Reverses Decision on Ladbrokes Ladbucks Advertising Campaign

On 15 April 2026, the Advertising Standards Authority (ASA) reversed its previous ruling and determined that advertising for LC International Ltd trading as Ladbrokes promoting its Ladbucks rewards programme did not breach advertising codes. The ASA had originally upheld complaints on 11 June 2025 regarding two advertisements—a television ad broadcast on 17 December 2024 and a Video on Demand ad on Channel 4 on Demand on 23 December 2024. Both complainants argued that the term "Ladbucks" and associated imagery were likely to appeal strongly to those under 18 years of age, potentially breaching the Broadcast Committee of Advertising Practice (BCAP) Code and the Committee of Advertising Practice (CAP) Code. The revised assessment found that although Ladbucks tokens shared some generic features with in-game currencies from popular games like Fortnite (V-Bucks) and Roblox (Robux)—such as round coin styling with central initials and shiny borders—the similarities were not sufficiently obvious to constitute strong appeal to minors. The ASA determined that poker-chip styling reflected established gambling conventions and adult-oriented design. Material differences, including the Ladbuck's translucent dark red appearance compared to the bright blue V-Buck and geometric Robux design, further distinguished the tokens. The ASA also noted that the ads' plain red-and-white settings and typography differed markedly from the bright, highly animated environments of Fortnite and Roblox. The ASA concluded that references to slot games like Fishin' Frenzy and Goldstrike appeared only momentarily without child-oriented imagery, and the Ladbucks Arcade depiction was generic and unlikely to resemble how in-game currencies functioned in children's games. Both advertisements were investigated under BCAP Code rule 17.4.5 and CAP Code rules 16.1 and 16.3.12, with neither found in breach. No further action is necessary.

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LC International Ltd

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3066178 pc Apr 15, 2026 pdonofrio US Track 2 Ministry of Finance horizon scanning
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United States Office of Foreign Assets Control Designates Iranian Oil Smuggling Network Individuals and Entities

On April 15, 2026, the U.S. Office of Foreign Assets Control (OFAC) added multiple individuals and entities to its Specially Designated Nationals (SDN) List as part of counter-terrorism designations targeting an illicit oil smuggling network operated by Iranian regime elites. The designations include three individuals: Chetan Prakash Balhotra (United Arab Emirates), Seyed Naiemaei Badroddin Moosavi (United Kingdom, United Arab Emirates, and Turkey), and Tanjore Sunilkumar Srinivas (United Arab Emirates). Moosavi is subject to secondary sanctions pursuant to the Hizballah Financial Sanctions Regulations and Executive Order 13224, as amended by Executive Order 13886. OFAC designated 15 entities across multiple jurisdictions, including shipping and consultancy companies based in the United Arab Emirates, Netherlands, India, and Marshall Islands. Key entities include A.C.S. Global BV (Netherlands), ACS Trading LLC (United Arab Emirates), House of Shipping Investment FZCO (United Arab Emirates), and Oriel Group (United Arab Emirates). Several entities are subject to secondary sanctions related to Hizballah financing. Additionally, OFAC designated nine vessels used in the smuggling operation, including crude oil and oil products tankers flagged to Panama, Mozambique, and Cameroon. Vessels designated include ANAYA, ANIKA, AURA, BELLARIS, CAUVERI, DAPHNE V, HORAE, SILVAR, and VERSA, with build years ranging from 2003 to 2009. All designated individuals and entities are subject to asset freezes, and U.S. persons are prohibited from conducting transactions with them. The designations target the network's involvement in illicit oil smuggling operations linked to Iranian regime officials.

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US Office of Foreign Assets Control Designates Iranian Oil-Smuggling Network

On April 15, 2026, the US Office of Foreign Assets Control (OFAC) updated its Specially Designated Nationals (SDN) list by sanctioning more than two dozen individuals and entities operating within the network of Iranian shipping magnate Mohammad Hossein Shamkhani. The designations target the network's involvement in illicit oil-smuggling operations linked to Iranian government officials. The newly designated individuals and entities are subject to asset freezes, and US individuals and entities are generally prohibited from conducting transactions with them.
3064240 gc Apr 15, 2026 gkaliraman United Kingdom Advertising Standards Authority gamblingcompliance
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Advertising Standards Authority Reverses Decision on Ladbrokes Ladbucks Advertising Campaign

On 15 April 2026, the Advertising Standards Authority (ASA) reversed its previous ruling and determined that advertising for LC International Ltd trading as Ladbrokes promoting its Ladbucks rewards programme did not breach advertising codes. The ASA had originally upheld complaints on 11 June 2025 regarding two advertisements—a television ad broadcast on 17 December 2024 and a Video on Demand ad on Channel 4 on Demand on 23 December 2024. Both complainants argued that the term "Ladbucks" and associated imagery were likely to appeal strongly to those under 18 years of age, potentially breaching the Broadcast Committee of Advertising Practice (BCAP) Code and the Committee of Advertising Practice (CAP) Code. The revised assessment found that although Ladbucks tokens shared some generic features with in-game currencies from popular games like Fortnite (V-Bucks) and Roblox (Robux)—such as round coin styling with central initials and shiny borders—the similarities were not sufficiently obvious to constitute strong appeal to minors. The ASA determined that poker-chip styling reflected established gambling conventions and adult-oriented design. Material differences, including the Ladbuck's translucent dark red appearance compared to the bright blue V-Buck and geometric Robux design, further distinguished the tokens. The ASA also noted that the ads' plain red-and-white settings and typography differed markedly from the bright, highly animated environments of Fortnite and Roblox. The ASA concluded that references to slot games like Fishin' Frenzy and Goldstrike appeared only momentarily without child-oriented imagery, and the Ladbucks Arcade depiction was generic and unlikely to resemble how in-game currencies functioned in children's games. Both advertisements were investigated under BCAP Code rule 17.4.5 and CAP Code rules 16.1 and 16.3.12, with neither found in breach. No further action is necessary.

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UK advertising regulator reverses decision on Ladbrokes ad campaign

On April 15, 2026, the UK Advertising Standards Authority (ASA) reversed its previous ruling and determined that advertising for LC International Ltd t/a Ladbrokes that promoted its Ladbucks rewards programme did not breach advertising codes. The ASA had originally upheld complaints in a ruling dated June 11, 2025 regarding two advertisements: a television ad broadcast on December 17, 2024 and a Video on Demand ad on Channel 4 on Demand on December 23, 2024. The ads were challenged on the grounds that the term "Ladbucks" and associated imagery were likely to appeal strongly to those under 18 years of age, potentially breaching the Broadcast Committee of Advertising Practice (BCAP) Code and the Committee of Advertising Practice (CAP) Code. The revised assessment found that although Ladbucks tokens shared some generic features with in-game currencies from popular games like Fortnite (V-Bucks) and Roblox (Robux) — such as round coin styling with central initials and shiny borders — the similarities were not sufficiently obvious to constitute strong appeal to minors. The ASA determined that poker-chip styling reflected established gambling conventions and adult-oriented design. Material differences, including the Ladbuck's translucent dark red appearance compared to the bright blue V-Buck and geometric Robux design, further distinguished the tokens. The ASA also noted that the ads' plain red-and-white settings and typography differed markedly from the bright, highly animated environments of Fortnite and Roblox. The ASA concluded that references to slot games like Fishin' Frenzy and Goldstrike appeared only momentarily without child-oriented imagery, and the Ladbucks Arcade depiction was generic and unlikely to resemble how in-game currencies functioned in children's games. Both advertisements were investigated under BCAP Code rule 17.4.5 and CAP Code rules 16.1 and 16.3.12 , with neither found in breach. No further action was deemed necessary.
3067075 pc Apr 15, 2026 ggallwey US Track 3 U.S. Securities and Exchange Commission financial services
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United States Securities and Exchange Commission Approves Customer Cross-Margining in Treasury Market

On April 15, 2026, the Securities and Exchange Commission (SEC) issued a conditional exemptive order permitting customer cross-margining of cash market positions in U.S. Treasury securities cleared by a registered clearing agency with futures positions in U.S. Treasury securities cleared by a registered derivatives clearing organization. The exemptive order permits broker-dealers that are dually registered as futures commission merchants with the Commodity Futures Trading Commission (CFTC) and are joint clearing members of both the clearing agency and derivatives clearing organization to offer cross-margining to certain customers in futures accounts. The SEC simultaneously approved a proposed rule change filed by the Fixed Income Clearing Corporation (FICC) to enter into a Third Amended and Restated Cross-Margining Agreement with the Chicago Mercantile Exchange Inc. (CME). This agreement extends cross-margining availability to positions cleared and carried for customers by dually registered broker-dealers and futures commission merchants that are common members of both FICC and CME. Prior to this approval, only clearing members could cross-margin futures positions in U.S. Treasury securities cleared at CME with cash market positions in U.S. Treasury securities cleared at FICC. The expansion to customers represents a significant development in Treasury market infrastructure. SEC Commissioner Mark T. Uyeda noted that the orders advance efforts to unlock additional liquidity and ensure the resilience of the U.S. Treasury securities market. The exemptive order and rule change approval are available on SEC.gov and will be published in the Federal Register. A related CFTC exemptive order will be published on CFTC.gov and in the Federal Register. REFERENCES: https://www.sec.gov/news/press-release/2026-36

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United States Securities and Exchange Commission Approves Measures for Customer Cross-Margining in Treasury Market

On April 15, 2026, the U.S. Securities and Exchange Commission (SEC) issued a conditional exemptive order permitting customer cross-margining of cash market positions in U.S. Treasury securities cleared by a registered clearing agency with futures positions cleared by a registered derivatives clearing organization. The exemptive order provides relief from the broker-dealer customer protection rule (Rule 15c3-3) to allow broker-dealers that are dually registered as futures commission merchants (BD-FCMs) and are joint clearing members of both clearing organizations to offer cross-margining to eligible customers within a futures account, subject to specified conditions. In parallel, the SEC approved a proposed rule change filed by the Fixed Income Clearing Corporation (FICC) to adopt a Third Amended and Restated Cross-Margining Agreement with the Chicago Mercantile Exchange (CME), incorporating the arrangement into its Government Securities Division rules. The revised agreement extends cross-margining eligibility to customer positions carried by dually registered BD-FCMs that are common members of both FICC and CME. Prior to this approval, cross-margining was limited to proprietary positions of clearing members and certain affiliates. Under the new framework, participating firms may recognise risk offsets between Treasury securities and related futures positions when calculating initial margin requirements, subject to customer-level margining, account segregation, and documentation requirements. These include the use of dedicated customer cross-margining accounts and the execution of customer agreements incorporating subordination provisions governing the treatment of margin in insolvency scenarios. While the measures facilitate greater margin efficiency and may reduce costs associated with centrally cleared Treasury transactions, they also modify the treatment of customer assets by permitting such assets to be held in futures accounts and subject to Commodity Futures Trading Commission (CFTC) protections rather than traditional securities customer protection regimes. Taken together, the exemptive order and rule approval form part of broader regulatory efforts to enhance central clearing and resilience in the U.S. Treasury market, including by incentivizing greater participation through improved capital efficiency.
3064742 pc Apr 15, 2026 rghosh South Korea Financial Services Commission horizon scanning
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South Korea's Financial Services Commission Streamlines Generative AI Innovation Finance Service Designation Procedures

On April 15, 2026, South Korea's Financial Services Commission (FSC) approved improvements to the procedures for designating and modifying innovation finance services utilising generative artificial intelligence (AI). The streamlined process simplifies approval requirements for minor generative AI model changes, enabling financial institutions to launch updated services more rapidly. Previously, financial companies operating generative AI services through innovation finance service designations—which provide network isolation exceptions—were required to complete full redesignation procedures even for simple model upgrades. To date, 169 innovation finance services have been designated, with 45 services launched. The FSC identified that this requirement created delays in service deployment and responded by introducing a tiered classification system based on security risk assessment. Under the new framework, financial institutions submit a written confirmation document to the Korea Fintech Support Center (sandbox@fintech.or.kr, 02-6375-1525) assessing the security impact of proposed generative AI model changes. The Financial Security Institute (FSI) reviews submissions and classifies changes into three categories: minor (no security system changes and minimal output variation); moderate (no system changes but significant output changes, requiring FSI security evaluation); and substantial (system configuration changes triggering existing redesignation procedures). Minor changes permit immediate service launch; moderate changes require institution-prepared security measures and FSI evaluation before launch; substantial changes follow standard redesignation procedures. The FSC and Financial Supervisory Service plan to identify additional network isolation improvements and coordinate closely with the financial sector to implement changes addressing the rapidly evolving information technology environment. REFERENCES: Financial Services Commission Press Release, April 15, 2026

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South Korea's FSC Streamlines Generative AI Innovation Finance Service Designation Procedures

On April 15, 2026, South Korea's Financial Services Commission (FSC) approved improvements to the procedures for designating and modifying innovation finance services utilising generative artificial intelligence (AI). The streamlined process simplifies approval requirements for minor generative AI model changes, enabling financial institutions to launch updated services more rapidly. Previously, financial companies operating generative AI services through innovation finance service designations which provide network isolation exceptions were required to complete full redesignation procedures even for simple model upgrades. To date, 169 innovation finance services have been designated, with 45 services launched. The FSC identified that this requirement created delays in service deployment and responded by introducing a tiered classification system based on security risk assessment. Under the new framework, financial institutions submit a written confirmation document to the Korea Fintech Support Center (sandbox@fintech.or.kr, 02-6375-1525) assessing the security impact of proposed generative AI model changes. The Financial Security Institute (FSI) reviews submissions and classifies changes into three categories: Minor (no security system changes and minimal output variation). Moderate (no system changes but significant output changes, requiring FSI security evaluation). Substantial (system configuration changes triggering existing redesignation procedures).
3061161 pc Apr 15, 2026 arahman Serbia Ministry of Finance (AML) - News horizon scanning
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United Nations Security Council Committee Updates Taliban Sanctions List Following Resolution 1988

On 13 April 2026, the Security Council Committee established pursuant to resolution 1988 (2011) amended the 1988 List of individuals and entities subject to the assets freeze, travel ban and arms embargo. These amendments were made in accordance with paragraph 1 of Security Council resolution 2255 (2015) adopted under Chapter VII of the Charter of the United Nations. The Taliban Sanctions List is maintained and updated regularly based on relevant information provided by Member States and international and regional organisations. The amendments enacted on 13 April 2026 are specified with underline and strikethrough in the entries on the official list. The updated list affects individuals and entities subject to targeted sanctions measures, including asset freezes, travel restrictions, and arms embargoes. The Committee maintains the Taliban Sanctions List to support international efforts to counter threats to peace and security. All changes made to the Taliban Sanctions List are reflected in the Consolidated United Nations Security Council Sanctions List, which serves as a comprehensive reference for all United Nations sanctions designations across multiple regimes. The updated Taliban Sanctions List is accessible on the Taliban Sanctions Committee's website at https://www.un.org/sc/suborg/en/sanctions/1988/materials. The Consolidated United Nations Security Council Sanctions List is available at https://www.un.org/sc/suborg/en/sanctions/un-sc-consolidated-list. Financial institutions and other entities subject to anti-money laundering and counter-terrorism financing obligations should refer to these lists when conducting customer due diligence and sanctions screening procedures.

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United Nations Security Council Committee Updates Taliban Sanctions List Following Resolution 1988

On 13 April 2026, the Security Council Committee established pursuant to resolution 1988 (2011) amended the 1988 List of individuals and entities subject to the assets freeze, travel ban and arms embargo. These amendments were made in accordance with paragraph 1 of Security Council resolution 2255 (2015) adopted under Chapter VII of the Charter of the United Nations. The Taliban Sanctions List is maintained and updated regularly based on relevant information provided by Member States and international and regional organisations. The amendments enacted on 13 April 2026 are specified with underline and strikethrough in the entries on the official list. The updated list affects individuals and entities subject to targeted sanctions measures, including asset freezes, travel restrictions, and arms embargoes. The Committee maintains the Taliban Sanctions List to support international efforts to counter threats to peace and security. All changes made to the Taliban Sanctions List are reflected in the Consolidated United Nations Security Council Sanctions List, which serves as a comprehensive reference for all United Nations sanctions designations across multiple regimes. The updated Taliban Sanctions List is accessible on the Taliban Sanctions Committee's website at https://www.un.org/sc/suborg/en/sanctions/1988/materials. The Consolidated United Nations Security Council Sanctions List is available at https://www.un.org/sc/suborg/en/sanctions/un-sc-consolidated-list. Financial institutions and other entities subject to anti-money laundering and counter-terrorism financing obligations should refer to these lists when conducting customer due diligence and sanctions screening procedures.
3061359 pc Apr 15, 2026 tojuri Netherlands Dutch Authority for the Financial Markets horizon scanning
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Netherlands' Financial Authority Issues Stricter Requirements for Non-EU Fund Managers

On April 14, 2026, the Netherlands' Authority for the Financial Markets (Autoriteit Financiële Markten — AFM) published its fourth update on the implementation of the revised Alternative Investment Fund Managers Directive II (AIFMD II). The update clarifies enhanced requirements for third-country fund managers seeking to offer non-EU funds in the Netherlands. Under the new requirements, non-EU fund managers and their funds cannot be established in jurisdictions designated by the European Union as high-risk under anti-money laundering regulations or listed on the EU's non-cooperative tax jurisdictions list. Fund managers must demonstrate to the AFM how they will comply with all applicable legal obligations under AIFMD II. The AFM emphasises that the lists of high-risk and non-cooperative jurisdictions are dynamic, and managers bear responsibility for continuous monitoring and compliance. Non-EU managers or funds already established in such jurisdictions are no longer permitted to offer or register funds in the European Union. The revised AIFMD II entered into force on April 15, 2024. Member states have until April 16, 2026, to implement the directive into national legislation, after which managers must comply with the new rules. The AFM is requesting affected non-EU managers to provide information demonstrating how they will meet AIFMD II requirements. This information should be submitted by email to non.eu.notifications@afm.nl. The AFM emphasises that managers should take proactive steps to ensure orderly transition and investor protection compliance. **Reference:** Autoriteit Financiële Markten (AFM) — AIFMD II Update (April 14, 2026)

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Dutch Authority for the Financial Markets Issues AIFMD II Update on Stricter Requirements for Non-EU Fund Managers

On April 14, 2026, the Dutch Authority for the Financial Markets (AFM) published its fourth update on the implementation of Directive (EU) 2024/927 , the Alternative Investment Fund Managers Directive (AIFMD II), regarding requirements for non-EU fund managers. The update clarifies enhanced requirements for third-country fund managers seeking to offer non-EU funds in the Netherlands. Under the new requirements, non-EU fund managers and their funds cannot be established in jurisdictions designated by the European Union as high risk under anti-money laundering regulations or listed on the EU's non-cooperative tax jurisdictions list. Fund managers must demonstrate to the AFM how they will comply with all applicable legal obligations under AIFMD II. The AFM emphasises that the lists of high-risk and non-cooperative jurisdictions are dynamic, and managers bear responsibility for continuous monitoring and compliance. Non-EU managers or funds already established in such jurisdictions are no longer permitted to offer or register funds in the European Union. From April 16, 2026, fund managers must comply with the new requirements under the revised AIFMD II. The AFM is requesting affected non-EU managers to provide information demonstrating how they will meet AIFMD II requirements. This information should be submitted by email to non.eu.notifications@afm.nl . The AFM emphasises that managers should take proactive steps to ensure an orderly transition and compliance with investor protection requirements.
3063269 pc Apr 15, 2026 tojuri Greece ΒΟΥΛΗ ΤΩΝ ΕΛΛΗΝΩΝ horizon scanning
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Access Denied

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3061920 pc Apr 14, 2026 ataylor Canada Office of the Superintendent of Financial Institutions financial services
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Canada's Financial Regulator Reintroduces Non-Bank Financial Institution Risk in Annual Risk Outlook

On April 14, 2026, the Office of the Superintendent of Financial Institutions (OSFI) released its 2026-2027 Annual Risk Outlook (ARO), identifying the top risks facing Canada's financial institutions and outlining supervisory and regulatory responses. The ARO highlights three key risks: real estate secured lending (RESL) risk, non-bank financial institution (NBFI) risk, and liquidity and funding risk. NBFI risk has been reintroduced as a priority following expansion of risks outside the traditional banking system, particularly as non-bank lenders and investment funds increase borrowing. Housing and mortgage pressures have intensified in certain regions, while global uncertainty poses potential threats to funding market confidence. Although funding cost and availability have remained stable, OSFI notes that the speed at which liquidity events could unfold remains a significant concern. OSFI is recalibrating regulatory capital requirements to align with evolving risks, with risk weights in certain areas potentially increasing or decreasing over time. The regulator characterises these adjustments as normal maintenance to maintain balance between risks and capital levels. OSFI is developing a comprehensive Credit Risk Management (CRM) Guideline to strengthen how institutions manage credit risk, with consultation closing on July 29, 2026. Revisions to liquidity adequacy requirements targeting specific retail deposit categories take effect May 1, 2026. A consultation on the Internal Liquidity Adequacy Assessment Process (ILAAP) will launch on May 21, 2026, considering industry proposals to improve risk sensitivity. The ARO is published annually in spring, with potential fall updates if financial system risks evolve significantly.

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Canada Office of the Superintendent of Financial Institutions Publishes Annual Risk Outlook for 2026-2027

On April 14, 2026, the Office of the Superintendent of Financial Institutions (OSFI) released its Annual Risk Outlook 2026–2027, outlining key risks to the Canadian financial system and the supervisory and policy actions intended to address ongoing concerns. Key Risks and Related Regulatory Actions Real Estate Secured Lending (RESL) Risks: OSFI highlights continued vulnerability in real estate secured lending due to mortgage renewals and affordability pressures, driven by growth in private credit and less-regulated lending channels. OSFI commits to conducting supervisory reviews of lenders with significant RESL exposures to determine the effectiveness of controls and risk management standards. Non-bank Financial Institution (NBFI) Risks: OSFI noted that regulators internationally are concerned about the spread of risk from NBFIs to the broader financial system. In response, OSFI is developing a new Credit Risk Management (CRM) Guideline, which aims to strengthen credit risk management, consolidate credit risk-related expectations, and respond to key questions regarding emerging credit risk areas, including NBFIs. OSFI will also recalibrate capital requirements to strengthen underwriting discipline and loss-absorbing capacity. OSFI also reiterates its efforts to continue research into the relationship between NBFIs and other financial institutions under OSFI oversight, including additional focus on corporate lending activities that OSFI views as key contributors to NBFI-related risk. Liquidity and Funding Risk: While liquidity conditions remain stable, OSFI warns of faster-moving stress scenarios and potential funding shocks, prompting targeted updates to the liquidity adequacy framework, including rule changes effective May 1, 2026 (targeting specific retail deposit categories), additional consultations on May 21, 2026, and continued refinement of liquidity metrics and assumptions. Technology, Cyber, and Integrity: Increasing reliance on digital infrastructure is elevating risks related to cybersecurity, third-party dependencies, AI/model risk, fraud, and illicit activity. OSFI is responding by expanding supervisory expectations around technology governance, requiring stronger controls, monitoring, and risk management frameworks across institutions. OSFI also plans to issue a third-party data call to provide insights into trends and vulnerabilities concerning third parties. Forward-Looking Risk Environment: Broader economic uncertainty and geopolitical factors continue to shape OSFI’s risk outlook, leading to a more proactive supervisory approach, expanded focus on interconnected and non-bank risks, and a pipeline of ongoing policy work, including a July 29, 2026 deadline for CRM Guideline feedback and continued regulatory updates throughout 2026 and 2027.
3061867 pc Apr 14, 2026 pdonofrio US Track 2 Ministry of Finance horizon scanning
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United States Treasury Department Designates Cartel-Linked Casinos and Associates on U.S.-Mexico Border

On April 14, 2026, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Counter Terrorism General License 35, authorising the wind down of transactions involving entities blocked on that date. OFAC also issued Russia-related General License 128C, authorising certain transactions involving Lukoil Retail Service Stations located outside Russia, and Russia-related General License 130A, authorising transactions involving certain Lukoil entities in Bulgaria. Additionally, OFAC amended Russia-related Frequently Asked Question 1225 and updated the Specially Designated Nationals and Blocked Persons List. OFAC added three individuals and three entities to its Specially Designated Nationals List, all linked to Cartel del Noreste. The designated individuals are Eduardo Javier Islas Valdez, Juan Pablo Penilla Rodriguez, and Jesus Reymundo Ramos Vazquez, all Mexican nationals. The designated entities include Casino Centenario (established 2023, based in Nuevo Laredo, Tamaulipas), Comercializadora y Arrendadora de Mexico, S.A. de C.V. (established May 28, 1997, based in Ciudad Madero, Tamaulipas), and Diamante Casino (established 2021, based in Tampico, Tamaulipas). All designations carry secondary sanctions risk under section 1(b) of Executive Order 13224, as amended by Executive Order 13886, and are linked to illicit drug activities under Executive Order 14059. The designations target gambling and betting activities connected to cartel operations on the U.S.-Mexico border. U.S. persons and entities are generally prohibited from engaging in transactions with designated individuals and entities. The updated Specially Designated Nationals List is available on OFAC's website, and persons seeking authorisation to conduct transactions with designated parties may apply for specific licenses through OFAC's License Application Page. REFERENCES: Office of Foreign Assets Control. Counter Narcotics, Counter Terrorism Designations; Issuance of Related General License; Issuance of Amended Russia-related General Licenses and Frequently Asked Question. April 14, 2026. Available at: https://ofac.treasury.gov

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US Office of Foreign Assets Control Sanctions Cartel-Linked Casinos and Associates on US-Mexico Border

On April 14, 2026, the US Office of Foreign Assets Control (OFAC) issued General License No. 35 , authorizing the wind down of transactions and sanctioning six targets involved in a money laundering and cash smuggling enterprise operated by Mexico's Cartel del Noreste (CDN), including Casino Centenari, Diamante Casino and Comercializadora y Arrendadora de Mexico SA de CV. Through the Illicit Drug Trade Sanctions Regulations , the general license generally prohibits US individuals and entities from engaging in transactions with these sanctioned designees.
3060764 pc Apr 14, 2026 pthandapani Hong Kong Hong Kong Monetary Authority financial services
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Hong Kong Monetary Authority Updates Supervisory Policy Manual Module on Stress-testing

On April 13, 2026, the Hong Kong Monetary Authority (HKMA) issued a revised Supervisory Policy Manual (SPM) Module IC-5 on "Stress-testing". This update supersedes the previous version dated May 9, 2012, and represents a significant refresh of the HKMA's stress-testing supervisory framework for authorized institutions. The revised module forms part of the HKMA's Internal Controls guidance and applies to all authorized institutions operating in Hong Kong. Stress-testing is a critical component of prudential supervision, enabling banks to assess their resilience to adverse economic scenarios and potential financial shocks. The updated guidance reflects evolving supervisory expectations and international best practices in stress-testing methodologies. The revised SPM Module IC-5 builds on the HKMA's consultation conducted on August 28, 2025, which sought feedback from the banking industry on the proposed changes. The module addresses stress-testing requirements and procedures that authorized institutions must implement as part of their internal control frameworks and risk management practices. Authorized institutions should review the updated guidance and ensure their stress-testing frameworks, processes, and governance structures align with the revised supervisory expectations outlined in the new module. The document is available on the HKMA's Banking Regulatory Document Repository for download and reference. **Reference:** Hong Kong Monetary Authority Banking Regulatory Document Repository – SPM Module IC-5 on Stress-testing (April 13, 2026)

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1394 chars · nid 91907

Hong Kong Monetary Authority Revises Supervisory Policy Manual on Stress Testing for Banks

The Hong Kong Monetary Authority (HKMA) has revised its supervisory policy manual (IC-5) on stress testing for authorised institutions (banks). The HKMA states that the revised manual primarily aims to incorporate the applicable requirements set out in the "Stress testing principles" issued by the Base! Committee on Banking Supervision in October 2018. The revised manual outlines: Governance and oversight requirements mandating that the board of directors and senior management take ultimate responsibility for the programme, ensuring adequate resource allocation, technical expertise, and a clear organizational structure. Methodology and scenario design provisions requiring banks to develop rigorous methodologies and plausible stress scenarios, including both historical events like the 2008 financial crisis and hypothetical stressors, to capture idiosyncratic and market-wide risks. Infrastructure and data quality specifications with an emphasis on robust IT infrastructure and high-quality data to ensure stress tests are accurate, repeatable, and capable of being executed timely during periods of market stress. Integration and risk-mitigation regulation mandating that stress test results be integrated into the institution's risk appetite framework and be used to develop effective risk mitigating strategies and recovery plans. The revised manual takes immediate effect.
3061584 pc Apr 14, 2026 adavies European Union European Data Protection Board horizon scanning
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European Data Protection Board Adopts Data Protection Impact Assessment Template

On 14 April 2026, the European Data Protection Board (EDPB) adopted a template for Data Protection Impact Assessments (DPIA) via written procedure, in line with its Helsinki Statement commitment to enhance General Data Protection Regulation (GDPR) compliance and strengthen consistency across Europe. The template is designed to help organisations structure, harmonise and evidence their DPIA reporting processes. It is complemented by an explainer document that breaks down key concepts in simple language and addresses potential knowledge gaps controllers may have. A DPIA is a mandatory process required when data processing is likely to result in high risk to individuals' rights and freedoms. It requires organisations to describe how personal data will be processed, assess whether processing is necessary and appropriate, and identify and reduce associated risks. While use of the EDPB template is not mandatory, it provides predefined fields that prompt complete and structured responses, ensuring all necessary information is captured accurately while minimising errors and saving time. Controllers retain the flexibility to conduct their risk analysis and management processes using their preferred DPIA methodology. The template will be subject to public consultation until 9 June 2026, allowing stakeholders to comment and provide feedback. Following the consultation period, all Data Protection Authorities will adopt this template either as their sole standard or as a 'meta-template' to which national-specific templates will align. In the interim, organisations are encouraged to use the template and provide feedback during the public consultation. **Reference:** European Data Protection Board. (2026). Enhancing compliance and consistency: EDPB adopts DPIA template. Retrieved from https://www.edpb.europa.eu/

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792 chars · nid 91904

European Data Protection Board Consults on Draft Data Protection Impact Assessment Template

On April 14, 2026, the European Data Protection Board (EDPB) launched a consultation on its draft template for data protection impact assessments (DPIA) and its accompanying explainer document. The template is designed to help organisations structure, harmonise and evidence their DPIA reporting processes. It is complemented by an explainer document that breaks down key concepts in simple language and addresses potential knowledge gaps controllers may have. While use of the EDPB template is not mandatory, it provides predefined fields that prompt complete and structured responses, ensuring all necessary information is captured accurately while minimising errors and saving time. The EDPB is seeking feedback on its consultation by June 9, 2026, which may be provided via this link .
3066161 pc Apr 14, 2026 ataylor Florida Florida Office of Financial Regulation - Division of Administrative Hearings horizon scanning
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Florida Office of Financial Regulation Imposes Administrative Fine Against Southpoint Financial Services

On April 2026, the Florida Office of Financial Regulation (OFR) issued a Final Order against Southpoint Financial Services, Inc. and Melinda Rothenberger, the company's President and Chief Executive Officer. The OFR imposed an administrative fine of $7,500.00 for violation of Florida's mortgage lending regulations. The enforcement action resulted from examination number 131868, which focused on the respondents' compliance with financial audit reporting requirements under chapter 494, Florida Statutes. The OFR found that Southpoint Financial Services failed to submit its annual financial audit report (FAR) for the fiscal year ending December 31, 2024, by the required deadline of April 30, 2025. Under section 494.0063, Florida Statutes, mortgage lenders must obtain and submit an annual FAR within 120 days after the end of their fiscal year, prepared by an independent licensed certified public accountant. The OFR issued an Administrative Complaint on January 29, 2026, seeking the $7,500.00 fine and license revocation. Southpoint Financial Services held mortgage lender license number MLD210, which expired on December 31, 2025, rendering the revocation request moot. The complaint was served via certified mail on February 2, 2026, and respondents had 21 days to file a written response to preserve their right to an administrative hearing. As respondents failed to submit a timely response or claim equitable tolling, they waived their right to a hearing. The fine must be paid within 30 days of the Final Order via money order, cashier's check, or wire transfer, referencing case number 132920. Respondents may appeal this Final Order to the District Court of Appeal, First District, within 30 days of the order's issuance.

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1076 chars · nid 91978

Florida Office of Financial Regulation Fines Southpoint Financial Services $7,500 for Regulatory Reporting Violations

On April 14, 2026, the Florida Office of Financial Regulation (OFR) issued a final order against Southpoint Financial Services, Inc., a former Florida-licensed mortgage lender. The order followed a state examination that found the company had violated Section 494.0063 of the Florida Statutes , which governs audited financial statement reporting requirements for mortgage lenders and requires them to obtain an annual financial audit report (FAR) prepared by an independent certified public accountant. The OFR's findings include: Failure to file a required annual financial audit report: The FAR must cover the company’s most recent fiscal year and be submitted to the state within 120 days after the end of that fiscal year. Southpoint Financial Services failed to submit its audit report for the fiscal year ending December 31, 2024, which was due by April 30, 2025. The state imposed an administrative fine of $7,500 against the company. The original request to revoke the company’s license was not pursued because the license had already expired on December 31, 2025.
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