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Regulation explainers

The rules shaping risk in 2025

Concise, practitioner-grade explainers of the regulations that drive KYB, AML, ESG, cyber and AI risk programmes.

European Union

AMLD6 — 6th Anti-Money Laundering Directive

Transposed across EU member states; AMLR/AMLA package phasing in 2025–2027

AMLD6 broadens the scope of money-laundering offences, harmonises predicate offences across EU member states and toughens corporate criminal liability for AML failings.

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European Union

DORA — Digital Operational Resilience Act

Applicable from 17 January 2025

DORA sets uniform requirements for the digital operational resilience of EU financial entities, including ICT risk management, incident reporting, resilience testing and oversight of critical third-party providers.

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European Union (+ extraterritorial)

GDPR — General Data Protection Regulation

Applicable since 25 May 2018

GDPR governs the processing of personal data of individuals in the EU/EEA, with strong rights for data subjects and accountability obligations for controllers and processors.

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European Union

EU AI Act

Phased application 2025–2027; prohibitions live from Feb 2025

The AI Act is the EU's risk-based framework for AI systems, banning unacceptable-risk uses and imposing strict obligations on high-risk and general-purpose AI providers and deployers.

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European Union

CSRD — Corporate Sustainability Reporting Directive

First reports in 2025 for FY2024 (large listed companies); phased to 2028

CSRD requires in-scope companies to report sustainability information under the European Sustainability Reporting Standards (ESRS), with limited assurance from day one.

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European Union

MiCA — Markets in Crypto-Assets Regulation

Stablecoin rules from June 2024; CASP rules from 30 December 2024

MiCA harmonises authorisation and conduct rules for crypto-asset issuers and service providers across the EU, with bespoke regimes for asset-referenced and e-money tokens.

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