The challenges of AML in 2022
September 12, 2022
Anti-money laundering (AML), is at the heart of a lot of compliance regulations issues for firms to face. A lot of financial authorities, like the
Tag: Compliance
FCA update on the Skilled Person Reviews
September 9, 2022
The Financial Conduct Authority has released an update on the Skilled Person Reviews under Section 166 of the Financial Services and Market Act 2000 conducted
OFSI Reporting Obligations to Change Come August
August 31, 2022
In a webinar hosted by the UK government on August 11, 2022, the HM Treasury, specifically the Office of Financial Sanctions Implementation (or, OFSI) outlined
Compliance Challenges and Costs in 2022
July 19, 2022
2022 has been an extremely staggering year so far for financial services all across the world. Still in recovery mode from the COVID-19 pandemic, the
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
EBA publishes Guidelines on role and responsibilities of the AML/CFT compliance officer
June 30, 2022
The European Banking Authority has released a renewed statement on what it means to be a compliance officer. Released on June 14th, the statement details
Regulating finance for the UK – Charles Randall, Chair of the FCA and PSR
June 24, 2022
The Financial Conduct Authority (FCA) has released a transcript of a speech given by the Chair of the FCA and PSR, Charles Randell, which covers
Issues surrounding financial regulation – a view from the FCA
June 9, 2022
As the year advances, there are inevitably some changes that will arise that need to be addressed by corporations. When it comes to financial regulation,
FCA investigates the negative side of cryptocurrency
May 30, 2022
At a recent summit, the Financial Conduct Authority waded into the conversation around cryptocurrency, sharing their concerns. David Raw, co-director of consumer and retail policy at
The Wolfsberg Group FAQs on NNS
May 23, 2022
An effective financial crime framework is built from an effective and appropriate screening program for PEPs, sanctions, and adverse media. However, adverse media is considered