In this second part of our year-in-review series, Elliot Berman and John Byrne examine the major developments from July to December 2025. From Treasury’s delay of the investment advisor rule and the adoption of the GENIUS Act to the staggering $2 billion in crypto theft, the conversation covers critical shifts in financial crime prevention. They discuss staffing cuts at the State Department, EU fintech risk assessments, FATF’s new national risk assessment toolkit, and the humanitarian toll of sanctions. Other highlights include AMLA’s growing role in EU crypto oversight, AUSTRAC’s crackdown on casino compliance, and global enforcement trends. Plus, insights on OCC’s testimony signaling regulatory priorities for 2026 and FATF’s report on combating online child exploitation. Stay informed as we close out a turbulent year in compliance.