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Gaps in the implementation of the Financial Stability Board’s (FSB) recommendations are creating compliance challenges and legal uncertainty, as well as permitting regulatory arbitrage and weakening global oversight.

With white labelling now commonplace in the EU financial landscape, the European Banking Authority (EBA) has signalled that 2026 will mark the start of systematic supervisory mapping of the practice across the bloc.

The joint action against an online fraud network operating across Southeast Asia represents a new approach to tackling online and telecommunications scams and may pave the way for greater cross-border cooperation.

Anti-money laundering (AML) regulatory changes are a consistent part of the compliance landscape rather than a cyclical phenomenon. AML-related updates now represent an increasingly significant proportion of global regulatory activity, signalling that financial crime prevention has become a core priority for supervisory authorities worldwide. For organisations operating in high-risk sectors such as banking and payments, this trend demands heightened attention, as the financial and reputational consequences of non-compliance can be costly.

The UK regulator’s shift away from a temporary cap signals a more deliberate regulatory approach, balancing legal challenges, operational risks and market stability as it works toward a lasting solution.

The Financial Conduct Authority (FCA) plans to accelerate the UK’s transition from open banking to open finance, potentially unlocking a more efficient and competitive market.

This report extends Vixio's enforcement coverage beyond Europe to Asia-Pacific and North America, identifying emerging regional trends. It highlights the most active regulators, the most common breaches and the products and services most frequently sanctioned.

New guidance clarifying when financial institutions must file suspicious activity reports (SARs) aims to reduce unnecessary compliance burdens and allow firms to focus resources on higher-value investigations.

Structural, regulatory and technical barriers continue to delay progress, with reliance on legacy correspondent banking networks and authorities’ cautious approach hampering the interconnection of systems.

The Regulation on Open Banking, part of a package of regulation published by the National Bank of Ukraine on July 25, 2025, establishes a comprehensive framework governing how banks, payment institutions and electronic money institutions (referred to collectively as payment service providers (PSPs)) manage third-party PSP access to user accounts and the provision of non-financial payment services. Prior to the open banking regulation, there was no dedicated open banking framework in place in the country. Aimed at fostering secure, efficient and transparent data sharing, the regulation sets clear obligations for real-time account access, user consent, third-party authorisation checks and secure information exchange. Effective as of August 1, 2025, the framework introduced strict requirements designed to protect users, clarify responsibilities between parties and ensure that Ukraine’s financial sector remains competitive and aligned with modern open banking practices.