About the Session
In 2026, supervisors are no longer judging firms by the volume of suspicious activity reports or surveillance alerts, but by whether their control architecture can evidence consistent, traceable behaviour across AML, market abuse, communications and AI-driven analytics under examination.
Alerts are no longer the test. Architecture is. Surveillance, AML land control architects debate why AML and surveillance still operate as parallel regimes, whether AI will converge or compound those silos, and what “good” market integrity looks like when supervisors assess systems rather than outcomes.
The central question is stark: is your market integrity framework a collection of alerts, or a control architecture you can defend when regulators test your data, your models and your governance in combination?
Regulatory Challenges
- 2026 BaFin AML/CFT risk statement here
- AMF fines Makor Securities and its director €850,000 here
- CFTC fines UBS for trade surveillance & SMBC, Santander, BNY Mellon for offline communications here
- FCA Market Watch 83: corporate finance market abuse risks here
- FCA CP25/18 Non-Financial Misconduct here
- FCA Market watch 76 – flying and printing here
- Dear CEO letter for principal trading firms – Algo trading here
- FCA 05/22 Market Watch 69 – Observations on market abuse surveillance here
- SEC $80m hacking and trading scheme fine here
- Electronic communications surveillance fines summarised here
- FCA £13.6m fine of Citigroup for failed trade surveillance requirements here
- Economic Crime (Transparency and Enforcement) Act 2022 here
- Conduct, culture, AI and data policy
New RegTech/SupTech drivers
- Premium – RegTech Edge: Navigating the 2026 RegRadar here
- Analysis – EU Rules governing AI will put compliance obligations on facial recognition RegTech here
- Q323 analysis – Regulatory Surveillance: Which camp are you in? here
- Q323 analysis – RegTech Surveillance: breaking silos with digital models here
- Q223 Analysis – Defining ‘Good Communications surveillance’ here
- TR analysis – FCA seeks tech boost for market surveillance here
- analysis – Getting in Front of New 2023 Surveillance AI Controls here
- analysis – Market Watch 69 & Surveillance RegTech here