
November 10, 2021
Regulatory considerations for Consumer Credit Firms
The FCA has set out new rules for claims management companies (CMCs) to protect consumers against excessive charges. Some of the major changes include:
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August 12, 2022
The UK Financial Crime Legislation framework
MEMA has produced this financial crime series for firms, to understand the steps they can take to reduce their financial crime risk. It does not include all the financial crime risks a firm may face but provides an understanding of FCA expectations in this complex field.
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August 10, 2022
Financial Crime- Understanding the FCA Handbook rules
MEMA has produced this financial crime series for firms, to understand the steps they can take to reduce their financial crime risk. It does not include all the financial crime risks a firm may face but provides an understanding of FCA expectations in this complex field.
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Navigate the New Financial Crime Landscape with FCA's Updated Guide and MEMA Consulting's Expertise
In response to evolving regulatory landscapes and recent global events, the Financial Conduct Awareness (FCA) has unveiled proposed updates to its Financial Crime Guide, CP24/9. The revisions aim to enhance sanctions systems, address proliferation financing, and refine transaction monitoring with a focus on modern technologies like Artificial Intelligence and cryptoassets. With these updates, the FCA seeks to fortify financial crime prevention measures and ensure firms are well-equipped to meet new challenges. As firms adapt to these changes, MEMA Consulting stands ready to offer expert guidance and tailored support, helping businesses align with FCA's stringent standards and navigate this complex regulatory terrain effectively.
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February 12, 2024
Financial crime poses significant threats that undermine market integrity and public trust
Financial crime undermines market integrity and public trust, prompting the FCA's 3-year strategy. MEMA advises firms to use tech, collaborate, educate, strengthen compliance, foster responsibility, and support AML reform. For assistance, contact MEMA's experts.
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August 9, 2022
What are UK sanctions and how to conduct sanctions screening?
Sanctions are normally used by the international community for one or more of the following reasons:
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December 6, 2021
Funeral plans come under FCA regulation July 2022
The FCA has confirmed that from 29 July 2022, it will take on responsibility for regulating and supervising the pre-paid funeral plans market.
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February 6, 2023
5 Steps for Conducting Effective Compliance Control Monitoring for Financial Firms
Compliance control monitoring is a crucial aspect of maintaining regulatory compliance for financial firms. The Financial Conduct Authority (FCA) requires firms to have robust controls and monitoring systems in place, and it is up to individual firms to implement these measures effectively. In this article, we will discuss the steps that firms can take to conduct compliance control monitoring.
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January 7, 2022
FCA Fee Cap on CMCs
You will be aware that the FCA’s price cap is coming into existence on 1 March 2022. As a quick primer, this means there will now be five redress bands with a maximum fee charged per band.
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June 26, 2025
From Market Abuse to AML: Five FCA Breach Categories to Watch in 2025
AML, conflict-of-interest and operational-resilience fines are rising fast. Learn how to safeguard your firm before the next FCA crackdown.
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June 19, 2025
Inside the Top 10 FCA Fines: Governance Failures That Cost Firms £ 2.4 Billion
The ten largest FCA penalties now represent just over 50 percent of total fine value. Examine their root causes and the governance gaps boards must close.
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June 27, 2022
Credit Broking- a brief FCA guide
At MEMA, we believe in upskilling our readers and clients as much as possible. We will be releasing brief explanations into Financial Conduct Authority (FCA)-regulated areas, so you can understand quickly what are the requirements in that area. Our first area will be Credit Broking.
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November 19, 2024
Preparing for Change: The UK's Move to Regulate 'Buy Now, Pay Later' Lenders
Understand the UK's proposed regulation of 'Buy Now, Pay Later' lenders and what financial firms need to prepare for. Insights from MEMA Consultants.
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December 7, 2022
Are you aware of the FCA rules to protect consumers from rogue financial promotions
Did you know that the FCA has published a consultation paper and press release setting out how it proposes to operate a new authorisations gateway for firms wanting to continue approving financial promotions for unauthorised persons.
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April 25, 2022
What to take away from the FCA's Business Plan 2022-2023
The FCA has released its new business strategy for the next 12 months.
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