FCA launches Consumer Duty Survey
March 17, 2023
The FCA has launched their Consumer Duty survey to understand the progress firms are making in implementing the Duty. The survey, which will be carried
Tag: FCA Compliance
Are you ready for your Consumer Duty review April deadline?
March 15, 2023
Although the final Consumer Duty deadline is July, there has been some key milestones, including an interim deadline of 30th April 2023 when firms need
Lessons learnt from the recent financial crime fines issued by the FCA
March 2, 2023
It has been noted, that in 2022 the number of regulatory enforcement powers exercised by the UK’s Financial Conduct Authority (FCA) increased. Fines issued by
Implementing the Consumer Duty in payment firms – A letter from the FCA
February 23, 2023
With only five months before the Consumer Duty comes into force, the FCA has issued a letter to payment firms about the need for them
Has your business started planning for the Consumer Duty?
February 3, 2023
The FCA highlights focus areas for firms in implementing the Consumer Duty With only 6 months till the implementation deadline for the Consumer Duty regulation,
FCA fines Guaranty Trust Bank (UK) for AML failures – what are the lessons learnt?
January 13, 2023
The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for serious weaknesses in its anti-money laundering (AML) systems and
Number of FCA fines more than doubled in 2022
January 10, 2023
The number of fines issued by the Financial Conduct Authority more than doubled last year, with 26 fines issued in 2022 compared with just 10
Financial Promotions under Scrutiny by the FCA
November 25, 2022
The FCA intervened to amend or withdraw 4,151 financial promotions between July and September, the highest since it started publishing the data. According to the
Bank fined £1.5m for poor AML framework, systems and controls
October 19, 2022
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.
FCA puts measures in place to protect the financial sector
August 8, 2022
The Bank of England, the Prudential Regulation Authority (or PRA) and the Financial Conduct Authority (or FCA) have teamed up for a rewriting of measures