Safeguarding: What to expect of a safeguarding review
March 14, 2024
Safeguarding of client funds continues to be a high priority for the Financial Conduct Authority (FCA) in the payments and e-money markets. For the last
Tag: compliance audits
How Internal and External Monitoring Drive Regulatory Compliance: An Expert Interview
January 2, 2024
In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance
A guide to navigating skilled person reviews
December 6, 2023
The Financial Conduct Authority (FCA) employs skilled person reviews, also known as Section 166 reviews, to assess and rectify concerns within financial institutions. Recent data
Ensuring Strong Governance: Lessons from the FCA’s Decision to Fine and Ban Ex-Barclays CEO
October 16, 2023
In recent regulatory developments, the Financial Conduct Authority (FCA) has imposed a significant fine and a ban on Mr. James Staley, the former CEO of
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
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
How are you responding to a more proactive FCA?
November 25, 2022
With the FCA becoming more proactive, it is essential that e-money and payments firms also take a more proactive approach to their regulatory compliance, to
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