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
The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial
With the Financial Conduct Authority (FCA) paying more and more attention to firms safeguarding arrangements to ensure customer funds are sufficiently protected, many firms are
As part of the Government’s initiative to combat economic crime, the Financial Conduct Authority (FCA) is reaching out to firms via email to ensure their
With digital transactions increasingly becoming the norm, the importance of safeguarding consumers against fraud has never been more critical. Recognising the ever-growing threat of fraud,
In a recent speech on 1st November, Nisha Arora, Director of Cross Cutting Policy and Strategy at the FCA, highlighted the ongoing commitment and challenges
The Financial Conduct Authority (FCA) holds the authority to seek an external viewpoint on a regulated firm’s activities by engaging a third party known as
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
In a recent series of decisions, the Upper Tribunal (UT) has thrown a spotlight on the Financial Conduct Authority’s (FCA) enforcement strategy. These verdicts have
In an increasingly complex financial landscape, implementing effective sanctions controls are essential in the fight against financial crime. The Financial Conduct Authority (FCA) recently conducted