Starting 4 March 2024, the National Crime Agency (NCA) is rolling out a new system for Suspicious Activity Reports (SARs). The current SAR Online System
In the ever-evolving landscape of digital transactions, staying ahead of fraudulent activities is crucial for financial institutions and payment service providers (PSPs). One of the
Effective January 10, 2024, the Amended Money Laundering Regulations 2017 (No. 1371) will introduce notable changes in the assessment of risks associated with Politically Exposed
In a recent development, the National Crime Agency (NCA) has issued a warning to financial institutions and other members of the UK regulated sector regarding
The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial
In October 2023, the Financial Conduct Authority (FCA) unveiled the findings of a comprehensive multi-firm review targeting payment account providers. The focus was on the
In recent years, financial scams have become increasingly sophisticated, preying on unsuspecting consumers through various means, including cold calling. To tackle this growing menace and
On 18th July 2023, the Financial Conduct Authority (FCA) hosted an informative webinar in collaboration with the UK FIU, focusing on tackling financial crime within
The Financial Conduct Authority (FCA) and UK Financial Intelligence Unit (UKFIU) are hosting an insightful webinar on financial crime in the payments and e-money sector.
The European Banking Authority (EBA) recently released its comprehensive report on the risks associated with money laundering and terrorist financing (ML/TF) in EU payment institutions.