July 28, 2021
Anti Money Laundering warnings
The Financial Conduct Authority (FCA) issued a warning to retail banks in May 2021 (made public on 29 June) over continued weaknesses and failings surrounding their financial crime controls.
Read MoreJuly 26, 2021
Regulation of the funeral plan market
On 5 July 2021, the Financial Conduct Authority (FCA) launched a consultation (CP21/20) on its proposals for regulating the pre-paid funeral plan sector. This is part of an extensive regulatory change in the pre-paid funeral plan market. Under the proposals, the FCA will take over regulation from the Funeral Planning Authority (FPA) on the 29th July 2022.
Read MoreJune 11, 2021
FCA Financial Promotions Quarterly Review
In our first of the series on regulatory smarts, we alert you to the quarterly financial promotion release issued by the FCA
Read MoreMay 21, 2021
Claims Management Phoenixing
The FCA has released its latest consultation paper affecting the Claims Management Industry.
Read MoreMay 15, 2021
Understanding virtual asset service providers
Virtual asset service providers have been defined as a new financial sector facing significant money laundering and terrorist financing risks.
Read MoreMay 2, 2021
Estate agency guidance for money laundering supervision- Part 1
If you are supervised by the HMRC for anti-money laundering purposes, you will need to meet requirements under the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017.
Read MoreApril 11, 2021
Understanding the FCA Culture and Governance requirements
The financial crisis placed banks under the public spotlight, the investigation into some of the practices revealed behaviors that caused public indignation, Payment Protection Insurance (PPI) is but one example. The financial crisis placed banks under the public spotlight, the investigation into some of the practices revealed behaviors that caused public indignation, Payment Protection Insurance (PPI) is but one example.
Read MoreApril 11, 2021
Planning for FCA Authorisation
In this article, we briefly cover how long to expect when firms are submitting their applications for authorisations to the Financial Conduct Authority (FCA).
Read MoreApril 11, 2021
Understanding the FCA thematic review (part1)
The Financial Conduct Authority carries out regular ‘thematic reviews’ into areas requiring further review by firms in the financial services industry.
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