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Fintech’s Financial Crime: Collaboration v Constraints

Fintech’s Financial Crime: Collaboration v Constraints Forward written by David Pelled- CEO, MLROs.com  This article has been written by one of our regular members James Emin James has been looking at the bigger picture and how the whole...

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FCA Fines CMC for Misleading Communications

FCA Fines CMC for Misleading Communications   FCA has published its first fine since taking over regulation of Claims Management Companies. It has fined Professional Personal Claims Limited £70,000 for misleading customers through its website...

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Extension of the Senior Managers and Certification Regime Comes into Force

Extension of the Senior Managers and Certification Regime Comes into Force   The FCA has extended the Senior Managers and Certification Regime (SM&CR) to solo-regulated firms, including senior managers and certification staff in those...

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FCA: New Form (Cyber Resilience Questionnaire)

FCA: New Form (Cyber Resilience Questionnaire)   The FCA has published a new cyber resilience questionnaire. The questionnaire must be completed by competent parties and signed-off at board level as a “true and accurate reflection of the...

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FCA Addresses LIBOR Transition Issues

FCA Addresses LIBOR Transition Issues   As part of its work on the transition from LIBOR from 2021, the FCA has published a webpage covering conduct risks arising from the transition. The matters covered are set out in question and answer...

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NCA Updates SAR Guidance

NCA Updates SAR Guidance   NCA has published updated guidance and glossary codes for use when making SARs. The booklet includes a checklist, detail on codes, an alphabetical list, examples and an aide memoire.   This article was first...

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NCA Publishes 2019 SARs Report

NCA Publishes 2019 SARs Report   The latest annual report on SARs from NCA highlights: a record number of SARs processed (over 475,000); an increase of over 50% in DAML SARs; and over £131m denied to criminals as a result of DAML requests. ...

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Treasury Committee Calls for Bank Actions on COP and Financial Crime Prevention

Treasury Committee Calls for Bank Actions on COP and Financial Crime Prevention   The Treasury Committee has published its response to the second strand of the Economic Crime enquiry, looking at the effects of financial crime on consumers. ...

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UK Finance Responds to IT Failures in the Financial Services Sector

UK Finance Responds to IT Failures in the Financial Services Sector   UK Finance has responded to the Treasury Committee’s report into IT failures in the financial services sector.  The Treasury Committee criticised the unacceptably high...

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FCA Outlines 5 Steps to Drive the Future of Regulation

FCA Outlines 5 Steps to Drive the Future of Regulation   Christopher Woolard, Executive Director of Strategy and Competition at the FCA, recently spoke about the FCA’s thoughts on how it approaches the future of regulation.  He commented...

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