Beneficial Ownership: Finding the People Behind Companies
A first-principles guide to Beneficial Ownership, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
Zoe Financial Settles SEC Charges Over Referral Conflicts for $450,000
The U.S. Securities and Exchange Commission on September 28, 2026, announced settled charges against New York-based registered investment adviser Zoe Financial Inc. for failing to fully and fairly disclose material facts concerning conflicts of interest to its clients and prospective…
ESMA Publishes 2027 Work Programme and Simplification Report
The European Securities and Markets Authority (ESMA) published its 2027 Annual Work Programme on 28 September 2026, together with a separate report on simplification and burden reduction covering actions taken in 2026 and planned for 2027. Guided by ESMA’s multi-annual…
Self-Custody vs. Qualified Custody
A first-principles guide to Self-Custody and Qualified Custody, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
KYC vs. KYB vs. AML: How Financial Identity Fits Together
A first-principles guide to KYC, KYB, and AML, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
FCA Probes Euro Exchange Securities UK Over Money Laundering Rules
The Financial Conduct Authority said on 17 September 2026 that it has opened an investigation into potential offences by Euro Exchange Securities UK Ltd, stating that the authorised electronic money institution may have committed offences under the Money Laundering, Terrorist…
FCA Publishes Final Guidance on UK Cryptoasset Regulatory Perimeter
The Financial Conduct Authority on 16 September 2026 published final guidance explaining how the law underpinning the UK’s future cryptoasset regime applies to businesses and which activities may require FCA authorisation. The guidance, issued as policy statement PS26/18, comes ahead…
FCA Bans Ex-Kingly Solicitors Owner Nurul Miah From Financial Services
The Financial Conduct Authority announced on 15 September 2026 that it has banned Nurul Miah, also known as Neil Mia and Neil Miah, from working in financial services. The FCA acted after the Solicitors Regulation Authority found that Miah, a…
SEC Exempts Intermediary Forms and Reports From Inline XBRL Tagging
The U.S. Securities and Exchange Commission announced on Sept. 14, 2026, that it issued an order granting exemptive relief from certain Inline XBRL requirements the Commission adopted on Dec. 16, 2024. The order, Release No. 34-106339, is dated Sept. 11,…
Banking Agencies Propose Replacing 2023 Third-Party Risk Guidance
The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency on September 11, 2026 requested public comment on proposed guidance to assist financial institutions with managing risks…
FCA Moves to Ban and Fine Adviser Daniel Thomas £742,700
The Financial Conduct Authority has decided to ban Daniel Thomas from working in financial services and fine him £742,700 after finding that he recklessly gave defined benefit pension transfer advice he was neither qualified nor permitted to give. The regulator…
SEC Charges 2 Pacific Private Money Execs With $80 Million Offering Fraud
The Securities and Exchange Commission on September 1, 2026, charged Mark D. Hanf, the former chief executive officer of Novato, California-based Pacific Private Money Group LLC, and Hoai-Nam Chu Phan, the former chief operating officer of a PPMG subsidiary, with…
FCA Bans Three Former Dolfin Financial Executives Over £35.5M Visa Scheme
The UK Financial Conduct Authority has banned three former senior figures at Dolfin Financial (UK) Limited from working in financial services, after finding they ran a scheme that helped clients bypass UK investor visa rules and generated at least £35.5…
FCA Bans Former SVS Securities CEO and Fines Him £56,400
The Financial Conduct Authority has banned Demetrios Hadjigeorgiou from senior management roles in financial services and fined him £56,400, closing its case against the former chief executive of SVS Securities on August 19, 2026. The penalty settles a two-year dispute…
