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
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
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.
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
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
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
Anti-money laundering (AML), is at the heart of a lot of compliance regulations issues for firms to face. A lot of financial authorities, like the
The Financial Conduct Authority has released an update on the Skilled Person Reviews under Section 166 of the Financial Services and Market Act 2000 conducted
In a webinar hosted by the UK government on August 11, 2022, the HM Treasury, specifically the Office of Financial Sanctions Implementation (or, OFSI) outlined
The Bank of England, the Prudential Regulation Authority (or PRA) and the Financial Conduct Authority (or FCA) have teamed up for a rewriting of measures