This is the Banking Risk and Regulation Brief, delivering your risk and regulation news roundup on 17th July 2025.
This week, Hawala, an ancient money transfer system, has made a comeback with a crypto twist. Giovanni Legorano reports on how law enforcement agencies are grappling with the rise of hawala networks repurposed for the digital age, as criminals exploit blockchain technology to launder money.
UK chancellor Rachel Reeves' Mansion House speech delivered what some are calling a regulatory reset. Anita Hawser and Aliya Shibli break down what’s in and what’s still up for consultation. And while ministers talk tech, one crypto insider says the real problem is speed. Laura Navaratnam argues the FCA has the tools to regulate digital assets now, it just isn’t using them.
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