The Federal Reserve Board has launched a public consultation on a proposed regulatory overhaul designed to modernize the way banking institutions establish and maintain safeguards against illicit financial activity. The proposal marks a significant shift in regulatory philosophy, moving away from rigid compliance frameworks centered on administrative checklists and toward a more flexible, risk-based approach tailored to the unique threat profile of each financial institution.

The Hellenic Gambling Supervision and Control Commission (EEEP) has opened a tender process to appoint a “specialist legal and technical partner” that will help reinforce player monitoring and security measures across Greece’s regulated online gambling market. The initiative is part of the Greek government’s wider effort to strengthen supervision of the online gambling industry by improving player identification systems, enhancing anti-money laundering (AML) protections and

The Cyprus Securities and Exchange Commission (CySEC) has called on regulated financial institutions to strengthen their anti-money laundering and counter-terrorist financing frameworks following the conclusion of the European Union's transition period under the Markets in Crypto-Assets Regulation (MiCA) on July 1, 2026. In a circular issued this week, the regulator highlighted newly published guidance from the Authority for Anti-Money Laundering and Countering the Financing

The Central Bank of Cyprus has drawn attention to a new warning issued by the European Systemic Risk Board regarding the growing cybersecurity risks associated with advanced artificial intelligence technologies, stating that it will continue to monitor developments closely and expects financial institutions under its supervision to take proactive measures to strengthen their resilience against emerging threats. The warning focuses on frontier artificial intelligence models, w