Does the world still need money laundering?
December 2, 2024
Those of you who were in the payments space pre-COVID, might remember my industry talks about ‘Why the World Needs Money Laundering’. The world has
Tag: Compliance
Enhancing consumer protection: FCA’s proposed changes to the safeguarding regime
November 25, 2024
The UK’s financial ecosystem is evolving rapidly, and with it comes the need for robust safeguarding measures to protect consumer funds. The Financial Conduct Authority
FCA fines Metro Bank £16 million for financial crime failings
November 13, 2024
The Financial Conduct Authority (FCA) recently levied a substantial £16,675,200 fine against Metro Bank PLC (Metro) for significant shortcomings in its financial crime prevention systems
How to make compliance training engaging and audits impactful
October 15, 2024
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
FCA review of payment firms’ implementation of the Consumer Duty
October 11, 2024
The Financial Conduct Authority (FCA) recently published the findings from its review of how payment firms have implemented the Consumer Duty (the Duty), which came
FCA Dear CEO letters outline APP fraud reimbursement expectations
October 10, 2024
The Financial Conduct Authority (FCA) has issued two significant “Dear CEO” letters, marking the implementation of the new requirements for reimbursing victims of Authorised Push
What businesses can learn from Starling Bank’s £29M FCA fine
October 3, 2024
The recent £29 million fine imposed on Starling Bank by the Financial Conduct Authority (FCA) for financial crime failings offers important lessons for businesses in
FCA’s improved performance to help drive growth in UK financial sector
September 6, 2024
The Financial Conduct Authority (FCA) has published its Annual Report, outlining key improvements that it hopes will enhance the regulatory environment and promote economic growth.
Understanding the importance of a Compliance Monitoring Plan: An expert interview
September 2, 2024
As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. To help us understand why,
How do you create a better relationship between Compliance and Sales?
August 7, 2024
As regulatory requirements have increased over recent years, the pressure between compliance and sales is causing problems for many firms. Compliance can be seen by