August, 2022 - Complyport UK Consultancy Service

Deutsche Bank Settling For A €7million Fine After Frankfurt Prosecutors 701 Cases Of Failed Reports

As a requirement of jurisdictional law, obliged firms such as banks and other financial institutions (firms) are required to file suspicious activity reports (SARs) with their local financial intelligence unit/law […] [...]

3 Financial Crime News Stories You May Have Missed This Week

The UK’s Anti Money Laundering Guidance has been updated The UK’s Anti Money Laundering Guidance has been updated, resulting in clarification for Art Market Participants (AMPs) on who its customers […] [...]

Monitoring & Reporting Suspicious Activity Case Study

American multinational investment bank and financial services corporation Citigroup has been in the bad books of regulators for quite a few years now it seems. In 2019, the Bank of […] [...]

Crypto Regulation & Compliance Roundup

Under construction: The EU is building a new AML regulator that will oversee crypto businesses While the attention of the crypto industry, in the EU, has focused on the Markets […] [...]

Financial Crime Case Study: An Insurance Fraud

After attempting to defraud three insurance companies by making bogus claims totaling around £24,000 for medical treatment that he never received (or needed), a man from Yorkshire pleaded guilty to […] [...]

How Will The FCA Consumer Duty Rules Affect Firms Applying For Authorisation?

As we are all aware, the FCA’s Consumer Duty rules have now landed and are very much with us. It is not an overstatement to describe it as a ‘game […] [...]

UAE Taking Further Steps

Subsequent to our article last week where we highlighted the steps being taken by the UAE to address its placement on the Financial Action Task Force (FATF) “grey list”, it […] [...]

FCA Publishes Q1 2022 Whistle Blowing Data

Last week, the FCA published details of the number of new whistle blowing reports that it received during Q1 2022. Whistle blowing reports can be made to the FCA either […] [...]

Consumer Duty Changes: Strengthening The FCA’s Financial Promotion Rules

In our February 2022 article on the FCA’s PS22/10, we examined the importance that the FCA was expected to place on addressing the risk of harm posed to consumers investing […] [...]

New FCA Rules to Tighten up the Appointed Representatives Regime with PS22/11

A press release issued by the FCA this week confirms the introduction of new rules to improve the oversight of the Appointed Representatives regime. These rules, issued within PS22/11: Improvements […] [...]

UAE Making Reparative Steps

In April 2020 the Financial Action Task Force (FATF) issued a warning to the UAE to improve its anti-money laundering (AML) and counter-terrorism financing (CFT) framework, or risk being placed […] [...]

Consumers to Benefit From New FCA Consumer Duty Rules

FCA Consumer Duty rules provide stronger focus on what consumers need to make good financial decisions The introduction of the new FCA consumer duty rules will ensure financial services firms […] [...]

FATF Issues its Revised AML/CTF Guidance to the Real Estate Sector

Last month features the release of the revised AML/CTF FATF Guidance for the real estate sector. The update, which was first agreed in June 2021, addresses the required risk-based approach […] [...]

New Russian Sanctions Framework for the UK

Last week we have seen the introduction of New Russian sanctions measures continuing to be introduced. Some of the restrictions have come into immediate effect, whilst others have forward reaching […] [...]

UK’s Data Protection and Digital Information Bill

In September 2021, the UK Government launched its public consultation exercise, “Data: A new direction”, to help inform its intended development and proposals of how it wished to reform the […] [...]

So Long And Thanks For All The…Regulations? A Look At The Key Points Proposed In The Financial Services and Markets Bill

Brexit may be in the not-so-distant past; however, its effects are still being felt. One of the key areas that was left languishing without clarity was the financial services sector. […] [...]

Month: August 2022

Deutsche Bank Settling For A €7million Fine After Frankfurt Prosecutors 701 Cases Of Failed Reports

3 Financial Crime News Stories You May Have Missed This Week

Monitoring & Reporting Suspicious Activity Case Study

Crypto Regulation & Compliance Roundup

Financial Crime Case Study: An Insurance Fraud

How Will The FCA Consumer Duty Rules Affect Firms Applying For Authorisation?

UAE Taking Further Steps

FCA Publishes Q1 2022 Whistle Blowing Data

Consumer Duty Changes: Strengthening The FCA’s Financial Promotion Rules

New FCA Rules to Tighten up the Appointed Representatives Regime with PS22/11

UAE Making Reparative Steps

Consumers to Benefit From New FCA Consumer Duty Rules

FATF Issues its Revised AML/CTF Guidance to the Real Estate Sector

New Russian Sanctions Framework for the UK

UK’s Data Protection and Digital Information Bill

So Long And Thanks For All The…Regulations? A Look At The Key Points Proposed In The Financial Services and Markets Bill

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