The Wolfsberg Group FAQs on NNS
May 23, 2022
An effective financial crime framework is built from an effective and appropriate screening program for PEPs, sanctions, and adverse media. However, adverse media is considered
Category: News
New FCA powers to speed up cancellation of unused permissions
May 20, 2022
The Financial Conduct Authority has announced that it will use new powers to speed up the process of removing regulatory permissions of companies that are
The FCA review on challenger banks – key takeaways
April 28, 2022
An FCA-conducted review has found that challenger banks will need to improve the ways in which they tackle financial crime risk, even as they gain
The FCA implements a 3-year strategy
April 20, 2022
The Financial Conduct Authority (FCA), in its ongoing mission to enforce regulation that protects consumers and small firms in financial markets in the UK, has
The role of innovation led by the FCA
April 12, 2022
As technology advances year by year, it’s important to reassess technology’s effect on financial services. The invention of the smartphone created opportunities for a lot
Operational resilience: The impact that Russia has caused
April 4, 2022
On Thursday February 24th, Russia invaded Ukraine. A lot of things changed that day. Over seven decades of relative peace was destroyed and a war
FCA notice to all regulated firms with exposure to cryptoassets
March 29, 2022
The FCA has issued reminders to all regulated firms of their existing obligations when interacting with or exposed to cryptoassets and related services. While cryptoassets
What are the 8 elements of a compliance program?
March 7, 2022
Any business will need a compliance program. They help run an effective and ethical business. They are necessary to handle any ethical issues that might
FCA Update and Feedback on Operational Resilience
February 24, 2022
The FCA has provided a key update to their operational resilience protocol with an aim to reduce harm to the consumer and wider markets, whilst
FCA’s expectation for Heads of Compliance and MLROs
February 23, 2022
One of the most important roles in a registered firm is that of the Head of Compliance and MLRO. The FCA’s expectation of this role