Money laundering controls in professional services ‘perform poorly’, says UK watchdog
New AI assessment systems fail to identify risks, warns Financial Conduct Authority
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Drone debris sparks fire at UAE oil terminal as Tehran steps up energy attacks
Israel resumes strikes on Iran and targets Lebanon as US embassy in Riyadh struck by drones
How the Iran conflict has rattled global energy markets
The main source of concern is Tehran’s influence over shipping in the Strait of Hormuz
FirstFT: Stocks and bonds tumble as Middle East war spreads
Also in today’s newsletter: Blackstone’s flagship private credit fund hit by outflows and OpenAI amends US defence contract
Stocks and bonds tumble as widening Middle East war rattles markets
European indices and US futures down as conflict escalates across region