EU Parliament Adopts New Crypto Rules
April 21, 2023
On 20th April, the European Parliament voted in favour of new crypto rules which will bring comprehensive regulation to the industry. The Markets in Crypto-Assets
Category: News
Tips for Building a Robust Compliance Program
April 12, 2023
As a previous MLRO and Head of Compliance within the payment sector, and now as Neopay’s Consultancy Manager, I have seen first-hand the importance of
FCA Begins Criminal Proceedings Against Investment Fraudsters
April 6, 2023
The Financial Conduct Authority (FCA) has recently initiated criminal proceedings against four individuals on charges of fraud, carrying out regulated activity without authorisation, money laundering,
FCA Sets Out Ambitious Plan to Accelerate Work in Four Key Areas
April 5, 2023
In its recently released Business Plan 2023/24, the Financial Conduct Authority (FCA) has outlined its ambitious programme for the next 12 months, which is designed
Protecting Your Business: The Importance of Financial Crime Audits
April 3, 2023
In today’s fast-paced business environment, financial crime is becoming an increasingly significant concern for firms of all sizes. Activities such as money laundering, fraud, and
Consumer Duty webinar update
March 30, 2023
On 30 March 2023, the FCA held a webinar discussing their expectations for firms regarding the implementation of the Consumer Duty, which is set to
Considerations for firms leaving the Temporary Permissions Regime
March 29, 2023
The Temporary Permissions Regime (TPR) is scheduled to conclude on 31 December 2023. To obtain full authorisation in the UK, firms were required to apply
An Introduction to Customer Risk Assessments
March 27, 2023
Customer Risk Assessments are fundamental to Financial Crime compliance and a priority of the FCA. They help financial institutions identify and assess the risks associated
Extension of Annual Financial Crime Reporting Obligation (FCA PS21/4)
March 23, 2023
The FCA’s annual financial crime reporting obligation (REP-CRIM) is designed to inform the regulator about the overall status of your financial crime related activities. The
FCA issues letter to payment firms over lack of controls and unacceptable risk
March 18, 2023
The Financial Conduct Authority (FCA) has issued a new “Dear CEO” letter to payment firms in the UK. The FCA “remain[s] concerned” that many payment