In a recent move, the Financial Conduct Authority (FCA) has taken a significant step in addressing the prevalent anti-money laundering (AML) shortcomings among Annex 1
The Financial Action Task Force (FATF) convened its February plenary from 21 to 23 February 2024, addressing crucial issues concerning money laundering, terrorism financing, and
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