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...
FCA Focus 2024
February 5, 2024
Financial Conduct Authority’s 2024 business plan. What will be their key areas of focus? The Financial Conduct Authority (FCA) has published its business plan for 2024, which very much continues in the same vein as...
Dear CEO Letter To Wealth Management and Stockbroking Firms
December 18, 2023
Background The Financial Conduct Authority (FCA) have published a ‘Dear CEO’ letter in November 2023 to all Wealth Management and Stockbroking firms highlighting the potential harms that those firms could possibly inflict upon markets and...