{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/681f7c86ca72734652973f30/68b9af4d4629f1c6be47b949?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"New fraud offence, Crypto crackdown, Trump's FED fight","description":"<p><strong>Banking Risk &amp; Regulation Brief — 5th September 2025</strong></p><p><br></p><p>This week, the UK’s new fraud law raises the stakes for boards. Francesca Washtell tracks how fines are surging across compliance hotspots, with crypto in the crosshairs. And Eden Harris explores whether Donald Trump could really sack Fed chair Jay Powell.</p><p><br></p><ul><li><a href=\"https://www.bankingriskandregulation.com/failure-to-prevent-fraud-six-steps-to-stay-ahead\" rel=\"noopener noreferrer\" target=\"_blank\">Failure to prevent fraud: six steps to stay ahead</a>&nbsp;— Ted Datta explains what boards must do to comply with the UK’s new fraud offence, from targeted risk assessments to evidence of “reasonable procedures”. With unlimited fines at stake, senior leaders cannot afford complacency.</li></ul><p><br></p><ul><li><a href=\"https://www.bankingriskandregulation.com/regulatory-fines-skyrocket-400\" rel=\"noopener noreferrer\" target=\"_blank\">Regulatory fines skyrocket 400%</a>&nbsp;— Francesca Washtell shows how crypto exchanges and fast-growing payment firms are now paying the price for weak controls. Regulators are punishing failures on KYC, suspicious activity reporting, and sanctions — while workloads soar and headcount lags.</li></ul><p><br></p><ul><li><a href=\"https://www.bankingriskandregulation.com/lisa-cook-case-may-determine-if-trump-can-remove-jay-powell\" rel=\"noopener noreferrer\" target=\"_blank\">Lisa Cook case may determine if Trump can remove Jay Powell</a>&nbsp;— Eden Harris reports on a legal battle with global consequences. If Trump succeeds in reshaping the Fed’s leadership, analysts warn of higher inflation, rising rates, and a direct hit to central bank independence.</li><li><br></li></ul><p><em>The Banking Risk and Regulation Brief was developed using artificial intelligence and reviewed by our editorial team.</em></p>","author_name":"Banking Risk and Regulation"}