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Also: Bringing AML and Fraud Programs Together; the Global AI Arms RaceIn this week's update, ISMG editors discussed a U.K. proposal to mandate ransomware payment reporting, tackling financial crime by bringing together fraud and AML teams, and the global AI arms race as countries compete to lead innovation while balancing regulation and ethics.

British Government Proposals Also Include Payment Bans for Critical InfrastructureBanning ransom payments by public sector and critical infrastructure entities, notifying the government of any intent to pay a ransom, and reporting incidents to authorities comprise three counter-ransomware initiatives proposed by the British government. Which ones will pass muster?

Proposals Calls for AI Growth Zones and National Data LibraryBritish Prime Minister Keir Starmer unveiled a plan for converting the United Kingdom into an artificial intelligence "world leader," allowing it to shape the next phase of the "AI revolution." Key recommendations include creating multiple AI growth zones and a national data library.