Anti-Money Laundering/Know Your Customer
April 22, 2024
Background Post the fall-out through the Coutts/Nigel Farage debacle, the FCA have introduced greater Anti-Money Laundering Measures (AML) on firms, and especially the Know Your Customer (KYC), process. Although the FCA are aware that budget...
FCA’s Dear CEO Letter to Annex 1 Firms on common control failings in AML frameworks
March 25, 2024
Introduction The FCA has published its latest Dear CEO letter which focuses on common control weaknesses in Annex 1 Firms (eg lending, leasing, payment services, money broking and safe custody firms). The Letter explains where...
Mitigating Conduct Market Risks: FCA’s Insights on Combatting Market Manipulation and Organised Crime Groups
March 5, 2024
Mitigating Conduct Market Risks: FCA's Insights on Combatting Market Manipulation and Organised Crime Groups Introduction In the dynamic landscape of the UK financial services sector, maintaining market integrity and compliance with regulations is crucial. In...