FCC Industry Analysis

FATF Report on Stablecoin and Unhosted Wallet Risks

The Financial Action Task Force (FATF) has released a report detailing risks associated with stablecoins and unhosted wallets for money laundering and terrorist financing. It provides recommendations and good practices for jurisdictions and the private sector to mitigate these risks.

Treasury Roadmap for Countering Illicit Finance in Digital Assets

The U.S. Department of the Treasury has released a report to Congress outlining innovative technologies to counter illicit finance involving digital assets, as required by the GENIUS Act. The report assesses risks and proposes a technology and policy roadmap, while recommending Congress enact legislation to clarify rules for digital asset service providers and traditional financial institutions.

Global Antitrust Fines Rose to $7.7B in 2025

Global antitrust fines reached $7.7 billion in 2025, the highest since 2021, driven by a few major cases, while the total number of infringement decisions fell. Enforcement is increasingly shaped by geopolitical and national security priorities, with a focus on sectors impacting the cost of living.

Global Cartel Fines Surge to $3.3 Billion in 2025

Global cartel fines reached $3.3 billion in 2025, the highest total since 2021, driven primarily by enforcement actions in the European Union. The report highlights significant increases in fines from the European Commission and EU member states, while the US saw its lowest fine total in recent memory.

EBA Final Guidelines on Third-Country Branch Capital Endowment

The European Banking Authority (EBA) has published final guidelines on instruments that third-country branches can use to meet their capital endowment requirements under CRD IV. These guidelines clarify which debt securities and other instruments are acceptable and set operational conditions for their use.

India: INTERPOL Issues Silver Notice for Fugitive Economic Offender

India's Enforcement Directorate requested INTERPOL to issue a Silver Notice for Karan A. Chanana, chairman of Amira Pure Foods, in connection with an alleged Rs 1,200 crore bank loan fraud. The notice aims to trace and freeze assets acquired through criminal proceeds.

Trump Administration Establishes $20B Reinsurance Facility for Persian Gulf Shipping

The Trump administration has established a $20 billion reinsurance facility through the U.S. International Development Finance Corporation (DFC) to support private insurers providing coverage for maritime shipping in the Persian Gulf. This initiative aims to reduce war risk premiums and ensure the free flow of energy commodities.

Litigation Challenges Legality of Section 122 Duties

Twenty-four states and two private companies have filed lawsuits challenging the legality of Section 122 duties imposed on February 20, 2026. The complaints argue that the President lacks the authority to impose these duties, citing violations of separation of powers and nondelegation doctrines.

Ocean Carriers Add Fuel Surcharges Due to Middle East Disruptions

Major ocean carriers are implementing Emergency Fuel Surcharges (EFS) due to Middle East disruptions and increased routing costs. The U.S. Federal Maritime Commission (FMC) requires carriers to provide 30 days' notice for such surcharges, making enforceability dependent on proper filing and effective dates.

EU Maritime and Ports Strategies Adopted

The European Commission adopted the EU Industrial Maritime Strategy and EU Ports Strategy on March 4, 2026. These initiatives aim to strengthen the competitiveness, sustainability, and resilience of the EU's maritime ecosystem, covering shipbuilding, shipping, port infrastructure, and maritime technologies. They signal both business opportunities and increased regulatory scrutiny for maritime and infrastructure investors.