Italy is entering 2026 with a markedly tougher approach to financial crime enforcement. Legislative reforms have toughened ESG and cybercrime laws – turning environmental misdemeanours into criminal offences and expanding corporate liability – while narrowing the scope of public sector corruption offences. Authorities are prioritising high-profile investigations in sectors such as fashion, real estate, tech and private equity, with assertive tax enforcement, enhanced cross-border collaboration, and new digital asset regulations all signalling a more complex and challenging environment for businesses.

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Hong Kong is intensifying its crackdown on financial crime, with regulators and law enforcement joining forces to tackle fraud, money laundering, and market misconduct. Sweeping legislative reforms and new digital asset regulations have expanded the regulatory perimeter, while a sharpened focus on individual accountability is putting senior management and directors under the spotlight. With heightened scrutiny across banking, securities, virtual assets, and asset management, Hong Kong is signalling a new era of proactive, technology-driven enforcement and personal liability.

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The United States is at a turning point in financial crime enforcement. Sweeping policy shifts, resource realignments, and new enforcement priorities under the Trump administration have refocused attention on national security threats, high-impact fraud, and cross-border criminal networks. With recalibrated approaches to corporate self-disclosure, whistleblower incentives, and digital assets, US authorities are targeting sectors and conduct that pose the greatest risk to American interests. 

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