FCA faces challenges due to crypto skills shortage
December 18, 2023
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
Category: News
HM Treasury updates high-risk third countries list: immediate actions for firms
December 6, 2023
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
A guide to navigating skilled person reviews
December 6, 2023
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 escalating costs of global financial crime compliance
November 28, 2023
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
Safeguarding: Is your firm compliant?
November 21, 2023
With the Financial Conduct Authority (FCA) paying more and more attention to firms safeguarding arrangements to ensure customer funds are sufficiently protected, many firms are
FCA’s Deadline for Reg Data Platform Registration
November 14, 2023
As part of the Government’s initiative to combat economic crime, the Financial Conduct Authority (FCA) is reaching out to firms via email to ensure their
FCA review: firms must strengthen anti-fraud measures and victim support
November 8, 2023
With digital transactions increasingly becoming the norm, the importance of safeguarding consumers against fraud has never been more critical. Recognising the ever-growing threat of fraud,
Consumer Duty: Not once and done
November 2, 2023
In a recent speech on 1st November, Nisha Arora, Director of Cross Cutting Policy and Strategy at the FCA, highlighted the ongoing commitment and challenges
Skilled Person Reviews (S166) – Latest Payment Sector Data
October 31, 2023
The Financial Conduct Authority (FCA) holds the authority to seek an external viewpoint on a regulated firm’s activities by engaging a third party known as
Protecting Against Money Mules: Insights from the FCA’s Review
October 27, 2023
In October 2023, the Financial Conduct Authority (FCA) unveiled the findings of a comprehensive multi-firm review targeting payment account providers. The focus was on the