Training and audits are two pillars of compliance. However, many businesses struggle to engage with these elements in meaningful ways. At Neopay, we’ve identified several
In a landmark case, the Financial Conduct Authority (FCA) has fined PricewaterhouseCoopers LLP (PwC) £15 million for not reporting suspected fraudulent activity involving London Capital
At Neopay, we offer a range of solutions tailored to firms’ needs as they adjust to the changing attitude of the Regulator. All of
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
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
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
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
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
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
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