Number of FCA fines more than doubled in 2022
January 10, 2023
The number of fines issued by the Financial Conduct Authority more than doubled last year, with 26 fines issued in 2022 compared with just 10
Category: News
EBA publishes guidelines on remote customer onboarding
November 30, 2022
On the 22nd November 2022, the European Banking Authority (EBA) published its final guidelines on the use of remote customer onboarding solutions. These Guidelines set
Financial Promotions under Scrutiny by the FCA
November 25, 2022
The FCA intervened to amend or withdraw 4,151 financial promotions between July and September, the highest since it started publishing the data. According to the
Latest FCA Authorisation Granted to E-money Firm
November 24, 2022
Neopay has supported another e-money client to achieve authorisation from the FCA. Although the process is taking longer, particularly for e-money and payments firms, authorisations
The latest Consumer Duty updates and what they mean for your business
November 21, 2022
Consumer Duty – latest upates On 16 November 2022, Nikhil Rathi, the FCA’s Chief Executive, gave a speech at the UK Finance Annual Dinner on
HM Treasury publishes revised list of high-risk third countries
November 16, 2022
On 14 November 2022 HM Treasury published a revised list of high-risk third countries. Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information
Bank fined £1.5m for poor AML framework, systems and controls
October 19, 2022
London-based challenger bank Gatehouse has been handed a £1.5m fine from the Financial Conduct Authority (FCA) over a failure to conduct proper anti-money laundering checks.
US Prepaid and Debit Card Industry in 2022 [Infographic]
October 18, 2022
The prepaid debit and credit card industry has been steadily growing over the past few years with more businesses getting involved in the prepaid market
What does the new FCA approach mean for e-money and payment firms? With Nigel Reed
October 11, 2022
An Interview with Nigel Reed, COO Neopay Ltd With the change in the FCA approach, many firms are nervous about applying for new authorisations due
How to succeed with the new FCA Approach
October 5, 2022
The FCA’s reputation has taken a serious hit in the last few years with scandals, backlogs, low employee morale and even strike action. This, coupled