The challenges of AML in 2022
September 12, 2022
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
Category: News
FCA update on the Skilled Person Reviews
September 9, 2022
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
OFSI Reporting Obligations to Change Come August
August 31, 2022
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
FCA puts measures in place to protect the financial sector
August 8, 2022
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
What does the FCA’s new Consumer Duty mean for financial firms?
August 4, 2022
The Financial Conduct Authority is overhauling its Consumer Duty policy in an attempt to drastically improve its consumer protection efforts. Over the next 12 months,
Compliance Challenges and Costs in 2022
July 19, 2022
2022 has been an extremely staggering year so far for financial services all across the world. Still in recovery mode from the COVID-19 pandemic, the
FCA warns of fake emails, websites, letters and phone calls
July 7, 2022
The FCA this week issued a warning about fraudulent emails, letters and phone calls masquerading as official communications from the regulator. The warning also highlights
Why are compliance audits necessary to maintain a successful business?
July 4, 2022
Any successful business will have a selection of codes of conduct, guidelines and internal controls in place that organise and define the inner workings of
EBA publishes Guidelines on role and responsibilities of the AML/CFT compliance officer
June 30, 2022
The European Banking Authority has released a renewed statement on what it means to be a compliance officer. Released on June 14th, the statement details
Regulating finance for the UK – Charles Randall, Chair of the FCA and PSR
June 24, 2022
The Financial Conduct Authority (FCA) has released a transcript of a speech given by the Chair of the FCA and PSR, Charles Randell, which covers