13 June 2025 The financial crime compliance landscape continues to evolve, with regulators tightening enforcement and businesses adapting to new risks. Below is a summary of recent developments across key areas of financial crime compliance. 1. Anti-Money Laundering & Counter-Terrorist and Proliferation Financing The Financial Action Task Force (FATF) has updated its recommendations, reinforcing measures to combat money laundering and terrorist financing. The UK government has also enhanced AML training requirements, ensuring businesses remain compliant with evolving regulations. Additionally, the latest AML Supervision Report highlights the importance of risk-based monitoring and cooperation between financial institutions and regulators. Read more: FATF Recommendations , HMRC AML Training , UK AML Supervision Report 2. Anti-Bribery & Corruption The C5 International Anti-Corruption Conference in London brought together global experts to discuss enforcement trends and compliance strategies. Meanwhile, UK Finance has identified three key priorities for anti-corruption efforts in 2025, including corporate liability for fraud and enhanced regulatory oversight. The Economic Crime and Corporate Transparency Act is set to reshape corporate compliance, making it easier to prosecute companies for bribery and corruption. Read more: Anti-Corruption Conference , UK Finance ABC Trends , Economic Crime Act 3. Anti-Fraud The UK Finance Annual Fraud Report reveals that fraud losses exceeded £1.1 billion in 2024, with Authorised Push Payment (APP) fraud declining but remote purchase fraud increasing. The Economic Crime & Corporate Transparency Act (ECCTA) introduces a new corporate offence for failure to prevent fraud, requiring businesses to implement reasonable prevention procedures. Compliance experts are advising firms on how to prepare for these new fraud prevention measures before enforcement begins in September 2025. Read more: Annual Fraud Report , ECCTA Fraud Prevention , Failure to Prevent Fraud 4. Ethics & Codes of Conduct The ICAEW Code of Ethics has been updated, introducing new provisions on professional behaviour, technology risks, and role expectations for accountants. In Scotland, the Police Ethics, Conduct & Scrutiny Act is set to enhance ethical oversight within law enforcement. Meanwhile, corporate compliance programs are being strengthened, with businesses updating their Codes of Ethics to align with evolving regulatory expectations. Read more: ICAEW Code of Ethics , Scottish Police Ethics Act , Corporate Ethics Code Lessons Learned Lessons Learned works with multilateral institutions, private sector corporations and NGOs to help promote and embed best practice in financial crime compliance and business ethics and integrity through leadership, governance, policies and training. For more insights, visit Lessons Learned or follow us on LinkedIn .