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...
Anti Money Laundering Regulations Update
October 17, 2023
Background The 2022 Money Laundering & Terrorist Financing (Amendment #2) Regulations (MLTFR) came into effect on 01/04/2023. Businesses subject to the MLTFRs are now required to perform checks of the register of overseas entities (ROE),...
EFFECTA’s Essential Insights: A Regulatory Update
October 5, 2023
Welcome to EFFECTA’s Essential Insights, a quarterly newsletter aimed at providing its readers with succinct overviews of some of the key regulatory issues currently faced by Firms in the UK and UAE. The summer has...
EFFECTA’s Essential Insights: A Regulatory Update
August 1, 2023
Welcome to EFFECTA’s Essential Insights, a quarterly newsletter aimed at providing its readers with succinct overviews of some of the key regulatory issues currently faced by Firms. 2023 continues to be a busy year, with...