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As AI deepfakes cause havoc during other elections, experts warn the UK’s politicians should be prepared.

“Just tell me what you had for breakfast”, says Mike Narouei, of ControlAI, recording on his laptop. I speak for around 15 seconds, about my toast, coffee and journey to their offices.

Within seconds, I hear my own voice, saying something entirely different.

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In this case, words I have written: “Deepfakes can be extremely realistic and have the ability to disrupt our politics and damage our trust in the democratic process.”

Tamara Cohen's voice being turned into a deepfake
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Tamara Cohen’s voice being turned into a deepfake

We have used free software, it hasn’t taken any advanced technical skills, and the whole thing has taken next to no time at all.

This is an audio deepfake – video ones take more effort to produce – and as well as being deployed by scammers of all kinds, there is deep concern, in a year with some two billion people going to the polls, in the US, India and dozens of other countries including the UK, about their impact on elections.

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Sir Keir Starmer fell victim to one at last year’s Labour Party conference, purportedly of him swearing at staff. It was quickly outed as a fake. The identity of who made it has never been uncovered.

London mayor Sadiq Khan was also targeted this year, with fake audio of him making inflammatory remarks about Remembrance weekend and calling for pro-Palestine marches going viral at a tense time for communities. He claimed new laws were needed to stop them.

Ciaran Martin, the former director of the UK’s National Cyber Security Centre, told Sky News that expensively made video fakes can be less effective and easier to debunk than audio.

“I’m particularly worried right now about audio, because audio deepfakes are spectacularly easy to make, disturbingly easy”, he said. “And if they’re cleverly deployed, they can have an impact.”

Those which have been most damaging, in his view, are an audio deepfake of President Biden, sent to voters during the New Hampshire primaries in January this year.

A “robocall” with the president’s voice told voters to stay at home and “save” their votes for the presidential election in November. A political consultant later claimed responsibility and has been indicted and fined $6m (£4.7m).

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Ciaran Martin, the former NCSC director
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Ciaran Martin, the former NCSC director

Mr Martin, now a professor at the Blavatnik School of Government at Oxford University, said: “It was a very credible imitation of his voice and anecdotal evidence suggests some people were tricked by that.

“Not least because it wasn’t an email they could forward to someone else to have a look at, or on TV where lots of people were watching. It was a call to their home which they more or less had to judge alone.

“Targeted audio, in particular, is probably the biggest threat right now, and there’s no blanket solution, there’s no button there that you can just press and make this problem go away if you are prepared to pay for it or pass the right laws.

“What you need, and the US did this very well in 2020, is a series of responsible and well-informed eyes and ears throughout different parts of the electoral system to limit and mitigate the damage.”

He says there is a risk to hyping up the threat of deepfakes, when they have not yet caused mass electoral damage.

A Russian-made fake broadcast of Ukrainian TV, he said, featuring a Ukrainian official taking responsibility for a terrorist attack in Moscow, was simply “not believed”, despite being expensively produced.

The UK government has passed a National Security Act with new offences of foreign interference in the country’s democratic processes.

The Online Safety Act requires tech companies to take such content down, and meetings are being regularly held with social media companies during the pre-election period.

Democracy campaigners are concerned that deepfakes could be used not just by hostile foreign actors, or lone individuals who want to disrupt the process – but political parties themselves.

Polly Curtis is chief executive of the thinktank Demos, which has called on the parties to agree to a set of guidelines for the use of AI.

Polly Curtis, the chief executive of Demos
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Polly Curtis, the chief executive of Demos

She said: “The risk is that you’ll have foreign actors, you’ll have political parties, you’ll have ordinary people on the street creating content and just stirring the pot of what’s true and what’s not true.

“We want them to come together and agree together how they’re going to use these tools at the election. We want them to agree not to create generative AI or amplify it, and label it when it is used.

“This technology is so new, and there are so many elections going on, there could be a big misinformation event in an election campaign that starts to affect people’s trust in the information they’ve got.”

Deepfakes have already been targeted at major elections.

Last year, within hours before polls closed in the Slovakian presidential election, an audio fake of one of the candidates claiming to have rigged the election went viral. He was heavily defeated and his pro-Russian opponent won.

The UK government established a Joint Election Security Preparations Unit earlier this year – with Whitehall officials working with police and security agencies – to respond to threats as they emerge.

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A UK government spokesperson said: “Security is paramount and we are well-prepared to ensure the integrity of the election with robust systems in place to protect against any potential interference.

“The National Security Act contains tools to tackle deepfake election threats and social media platforms should also proactively take action against state-sponsored content aimed at interfering with the election.”

A Labour spokesperson said: “Our democracy is strong, and we cannot and will not allow any attempts to undermine the integrity of our elections.

“However, the rapid pace of AI technology means that government must now always be one step ahead of malign actors intent on using deepfakes and disinformation to undermine trust in our democratic system.

“Labour will be relentless in countering these threats.”

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UK to require crypto firms to report every customer transaction

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UK to require crypto firms to report every customer transaction

UK to require crypto firms to report every customer transaction

United Kingdom crypto companies will need to collect and report data from every customer trade and transfer beginning Jan. 1, 2026 as part of a broader effort to improve crypto tax reporting, the UK government said.

Everything from the user’s full name, home address and tax identification number will need to be collected and reported for every transaction, including the cryptocurrency used and the amount moved, the UK Revenue and Customs department said in a May 14 statement.

Details of companies, trusts and charities transacting on crypto platforms will also need to be reported.

Failure to comply or inaccurate reporting may incur penalties of up to 300 British pounds ($398.4) per user. The UK Revenue and Customs department said it would inform companies on how to comply with the incoming measures in due course.

However, UK authorities are encouraging crypto firms to start collecting data now to ensure compliance readiness.

The new rule is part of the UK’s integration of the Organisation for Economic Development’s Cryptoasset Reporting Framework to improve transparency in crypto tax reporting.

The changes reflect the UK government’s aim to establish a more robust regulatory framework that supports industry growth while ensuring consumer protection.

Related: Bitwise lists four crypto ETPs on London Stock Exchange

UK Chancellor Rachel Reeves also introduced a draft bill in late April to bring crypto exchanges, custodians and broker-dealers within its regulatory reach to combat scams and fraud.

“Today’s announcement sends a clear signal: Britain is open for business — but closed to fraud, abuse, and instability,” Reeves said at the time.

A study from the UK’s Financial Conduct Authority last November found that 12% of UK adults owned crypto in 2024 — a significant increase from the 4% reported in 2021.

UK’s approach contrasts with EU’s MiCA

The UK’s move to integrate the crypto rules into its existing financial framework contrasts with the European Union’s approach, which introduced the new Markets in Crypto-Assets Regulation framework last year.

According to the MiCA Crypto Alliance, one key difference is that the UK will allow foreign stablecoin issuers to operate in the UK without needing to register.

There will also be no cap on stablecoin volumes, unlike the EU’s approach, which may impose controls on stablecoin issuers to manage systemic risks.

UK to require crypto firms to report every customer transaction
Source: MiCA Crypto Alliance

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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Hong Kong police busts $15M laundering ring that used crypto, 500 bank accounts

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Hong Kong police busts M laundering ring that used crypto, 500 bank accounts

Hong Kong police busts M laundering ring that used crypto, 500 bank accounts

Hong Kong police arrested 12 people involved in a cross-border money laundering scheme that relied on crypto and over 500 stooge bank accounts to launder HK$118 million ($15 million), local news outlets reported.

The syndicate was dismantled on May 15, resulting in the arrest of nine men and three women in mainland China and Hong Kong.

The suspects allegedly recruited others to open bank accounts to receive proceeds from fraud cases, which were then converted into crypto at crypto exchange shops to launder the illicit funds, Hong Kong Commercial Daily reported on May 17.

The criminal organization rented a residential unit in the Hong Kong neighborhood of Mong Kok to plan and carry out its money laundering activities. Of the $15 million laundered, more than $1.2 million was linked to 58 reported fraud cases.

Caught in action

The bust followed police surveillance on May 15, when two recruits left the syndicate’s Mong Kok base — one visiting a bank, the other an ATM — before both went to convert the cash into crypto at a crypto exchange shop in the neighborhood of Tsim Sha Tsui.

Police arrested both individuals on the spot, seizing around HK$770,000 ($98,540) in cash before the funds could be laundered. The other 10 individuals, aged between 20 and 41, were arrested soon after.

Police seized approximately HK$1.05 million ($134,370) in cash, over 560 ATM cards, multiple mobile phones, bank documents and records related to crypto transactions.

Senior Inspector Tse Ka-lun of Hong Kong’s Commercial Crime Bureau claimed that the individuals often used bank accounts from their friends and family to launder the stolen funds. 

Hong Kong reported a 12% year-on-year increase in fraud reports in 2024, with authorities making more than 10,000 fraud-related arrests. Of those arrests, around 73% involved individuals who held stooge bank accounts.

Related: DOJ charges 12 more gamer-turned $263M Bitcoin robbers

The crackdown comes as Hong Kong continues to roll out its crypto regulatory framework to support local innovation, protect consumers and establish itself as a crypto hub.

Hong Kong’s Securities and Futures Commission introduced new rules for crypto exchanges offering staking services in April. Two months earlier, the securities regulator rolled out a roadmap to improve market access, optimize compliance, expand product offerings, strengthen crypto infrastructure and foster relationships with industry players. 

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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Keir Starmer says closer EU ties will be good for UK jobs, bills and borders ahead of key talks

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Keir Starmer says closer EU ties will be good for UK jobs, bills and borders ahead of key talks

Sir Keir Starmer has said closer ties with the EU will be good for the UK’s jobs, bills and borders ahead of a summit where he could announce a deal with the bloc.

The government is set to host EU leaders in London on Monday as part of its efforts to “reset” relations post-Brexit.

A deal granting the UK access to a major EU defence fund could be on the table, according to reports – but disagreements over a youth mobility scheme and fishing rights could prove to be a stumbling block.

The prime minister has appeared to signal a youth mobility deal could be possible, telling The Times that while freedom of movement is a “red line”, youth mobility does not come under this.

His comment comes after Kaja Kallas, the EU’s high representative for foreign affairs, said on Friday work on a defence deal was progressing but “we’re not there yet”.

Sir Keir met European Commission president Ursula von der Leyen later that day while at a summit in Albania.

Prime Minister Sir Keir Starmer with President of the European Commission Ursula von der Leyen ahead of their bilateral meeting as he attends the European Political Community Summit (EPC) in Tirana, Albania. Picture date: Friday May 16, 2025. Leon Neal/PA Wire
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Ursula von der Leyen and Sir Keir had a brief meeting earlier this week. Pic: PA

If agreed, the deal will be the third in two weeks, following trade agreements with India and the US.

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Sir Keir said: “First India, then the United States – in the last two weeks alone that’s jobs saved, faster growth and wages rising.

“More money in the pockets of British working people, achieved through striking deals not striking poses.

“Tomorrow, we take another step forward, with yet more benefits for the United Kingdom as the result of a strengthened partnership with the European Union.”

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Conservative leader Kemi Badenoch has said she is “worried” about what the PM might have negotiated.

Ms Badenoch – who has promised to rip up the deal with the EU if it breaches her red lines on Brexit – said: “Labour should have used this review of our EU trade deal to secure new wins for Britain, such as an EU-wide agreement on Brits using e-gates on the continent.

“Instead, it sounds like we’re giving away our fishing quotas, becoming a rule-taker from Brussels once again and getting free movement by the back door. This isn’t a reset, it’s a surrender.”

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