On 30 January 2024, Transparency International released its much-anticipated Corruption Perceptions Index (CPI) for the year 2023. The report, which assesses 180 countries and territories
On 22 January 2024, HM Treasury issued a crucial update regarding High-Risk Third Countries (HRTC), marking significant changes to the definition and identification of such
In the ever-evolving landscape of digital transactions, staying ahead of fraudulent activities is crucial for financial institutions and payment service providers (PSPs). One of the
In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance
Effective January 10, 2024, the Amended Money Laundering Regulations 2017 (No. 1371) will introduce notable changes in the assessment of risks associated with Politically Exposed
In a recent development, the National Crime Agency (NCA) has issued a warning to financial institutions and other members of the UK regulated sector regarding
In a recent report by the National Audit Office (NAO), it has been revealed that the Financial Conduct Authority (FCA) struggled to meet its timelines
On 5th December 2023, HM Treasury unveiled a revised list of high-risk third countries, aligning with the latest recommendations from the Financial Action Task Force
The Financial Conduct Authority (FCA) employs skilled person reviews, also known as Section 166 reviews, to assess and rectify concerns within financial institutions. Recent data
The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial