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
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
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,
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
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
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
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 Bank of England, the Prudential Regulation Authority (or PRA) and the Financial Conduct Authority (or FCA) have teamed up for a rewriting of measures
The Financial Conduct Authority has announced that it will use new powers to speed up the process of removing regulatory permissions of companies that are
As technology advances year by year, it’s important to reassess technology’s effect on financial services. The invention of the smartphone created opportunities for a lot