Consumer Duty – latest upates On 16 November 2022, Nikhil Rathi, the FCA’s Chief Executive, gave a speech at the UK Finance Annual Dinner on
London-based challenger bank Gatehouse has been handed a £1.5m fine from the Financial Conduct Authority (FCA) over a failure to conduct proper anti-money laundering checks.
The prepaid debit and credit card industry has been steadily growing over the past few years with more businesses getting involved in the prepaid market
The FCA’s reputation has taken a serious hit in the last few years with scandals, backlogs, low employee morale and even strike action. This, coupled
The FCA’s reputation has taken a serious hit in the last few years with scandals, backlogs, low employee morale and even strike action. Its response
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
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
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
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
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