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...

Why UAE Firms should be aware of OFAC sanctions

January 24, 2024

Recent OFAC sanctions target Russia’s International Supply Chain Recent sanctions by the US Treasury’s Office of Foreign Assets Control (OFAC) target the sources and channels that Russia relies on to support its military in its...

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...

Dear CEO Letter to Principal Trading Firms (PTFs)

November 23, 2023

The Financial Conduct Authority (FCA) has sent a general letter to all CEOs of PTFs detailing what the regulator regards as the most important risks within the firms and what it views as the drivers...

Targeted Financial Sanctions

November 7, 2023

Introduction  Targeted Financial Sanctions (‘TFS’) require Designated Non-Financial Businesses or Professions (‘DNFBP’) and Financial Institutions (‘FI’) to monitor, restrict or prohibit customer interactions where the individual, entity or jurisdiction is listed by the United Nations...