FCA calls for better access to bank accounts
September 5, 2024
In a recent report, the Financial Conduct Authority (FCA) is encouraging banks and payment providers to take stronger action in supporting individuals who want to
Tag: FCA
PwC fined £15 million for failing to report suspected fraud at LCF
August 19, 2024
In a landmark case, the Financial Conduct Authority (FCA) has fined PricewaterhouseCoopers LLP (PwC) £15 million for not reporting suspected fraudulent activity involving London Capital
FCA and PSR launch call for information on big tech’s role in digital wallets
August 15, 2024
The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have jointly issued a Call for Information to gather insights on the impact of
Enhancing compliance through safeguarding training
August 5, 2024
Safeguarding training is crucial for ensuring that all personnel within a firm understand their roles and responsibilities in protecting clients’ funds and personal data. Effective
FCA unveils plans to streamline rules and bolster economic growth
July 30, 2024
The Financial Conduct Authority (FCA) has launched a comprehensive review aimed at streamlining regulations to reduce burdens on businesses and foster economic growth. This initiative
Navigating Consumer Duty board reports: key issues and practical tips
July 29, 2024
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
FCA imposes first ever £3.5m fine for breach of financial crime controls
July 26, 2024
CB Payments Limited (CBPL), a subsidiary of the globally recognised cryptoasset trading platform Coinbase, has been fined £3,503,546 by the Financial Conduct Authority (FCA) for
FCA calls for improved handling of PEPs by financial firms
July 23, 2024
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
What’s happening with the FCA and AML?
July 4, 2024
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
Reminder: Consumer Duty board reports due 31 July 2024
July 4, 2024
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