As the deadline for Consumer Duty board reports on 31st July 2024, approaches, many firms are grappling with several common challenges. From defining desired customer
The Financial Conduct Authority (FCA) has instructed financial firms, including banks, payment firms, and lenders, to enhance their treatment of parliamentarians, senior public servants, and
With the change in the anti-money laundering (AML) supervisory approach of the Financial Conduct Authority (FCA), many firms are nervous about whether they will face
As the one-year mark of the Consumer Duty’s implementation approaches, firms are reminded that the first board reports on Consumer Duty implementation and outcomes are
The Financial Conduct Authority (FCA) recently published the results of a multi-firm review focusing on outcomes monitoring under the Consumer Duty. This review, which analysed
The FCA is focusing on improving its authorisation processes. Taking steps to overcome some of the problems firms have experienced in the last few years,
The Financial Conduct Authority (FCA) is proposing significant updates to its Financial Crime Guide. These updates are particularly focused on three key areas: sanctions, proliferation
On 1st May, the Office of Financial Sanctions Implementation (OFSI) introduced Frequently Asked Questions (FAQs) to provide additional technical support to industry partners and the
At Neopay, we offer a range of solutions tailored to firms’ needs as they adjust to the changing attitude of the Regulator. All of
The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. These