ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance […] [...]
Obtaining authorisation from the Financial Conduct Authority (“FCA”) is a significant milestone for any financial services firm operating in the UK. However, authorisation is not the end of the regulatory […] [...]
UK firms are spending the equivalent of £21k per hour on fighting financial crime (Lexis Nexis Compliance Report 2023). Despite this burgeoning cost which continues to rise, research indicates that […] [...]
Debt management firms play a vital role in helping individuals manage their debts effectively, particularly when facing financial difficulties. Operating under the Financial Conduct Authority (“FCA”) regulations in the UK, […] [...]
What is Authorised Push Payment Fraud Authorised Push Payment (APP) Fraud occurs when someone is tricked into authorising a payment to a fraudster posing as a legitimate recipient. APP Fraud […] [...]
On 7 October 2024, the Financial Conduct Authority (FCA) wrote a Dear CEO letter to financial advisers and investment intermediaries. The Letter provides an outline of the FCA’s priorities and […] [...]
AI and its impact in financial services Artificial Intelligence (AI) has the potential to bring huge benefits, or, in some cases, significant risks. In the financial services sector, the possibilities […] [...]
Overview The Dormant Assets Scheme The Dormant Assets Scheme (DAS) is a UK government initiative designed to reunite people with their dormant financial assets, such as bank accounts, insurance policies […] [...]
The Corporate Finance regime in the UK consists of firms that offer various financial services and provide financial advisory services to corporate clients, such as companies, businesses and institutional investors. […] [...]
Webinar On Demand: Consumer Duty Q&A : Expert Insights and Answers This webinar is now available to view on demand Our webinar on Consumer Duty The Aftermath was held on […] [...]
The FCA is proposing significant changes to consumer credit regulatory returns, targeting firms involved in activities like credit broking, debt adjusting, debt counselling and providing credit information services. These proposed […] [...]
Introduction On 19th September 2024 the Financial Conduct Authority (“FCA”) announced its commitment to reform the retail disclosure requirements, moving away from the EU-inherited consumer cost disclosure regulations. The reform […] [...]
Introduction We are now a little over a year into the full implementation of the Consumer Duty, on 31st July 2023, with closed products now also subject to the rules. […] [...]
The Digital Securities Sandbox (DSS) Following its launch in December 2023, and the joint Bank of England and FCA Consultation Paper in April 2024, the DSS is now open for […] [...]
On 23rd September 2024, the Financial Conduct Authority (FCA) revealed that none of the 25 Professional Body Supervisors (PBS) under its supervision were fully effective in Anti-Money Laundering (AML) controls. […] [...]
In June 2023, the FCA introduced new requirements for promoting qualifying cryptoassets to retail clients, known as the ‘back end’ rules. These rules aim to enhance consumer protection and ensure […] [...]
The FCA has published a Consultation Paper (“CP24/20”) on proposed significant changes to the safeguarding regime for payments and e-money firms. With these changes, the FCA aims to strengthen its […] [...]
Webinar On Demand: Consumer Duty Q&A : Expert Insights and Answers This webinar is now available to view on demand Our webinar on Expert Witness Services was held on October […] [...]
On 6th September 2024, the FCA published its Quarterly Consultation Paper No. 45 (CP24/18) on proposed miscellaneous amendments to the FCA Handbook. These are relatively minor changes, however, the Regulator […] [...]
Silver medal for UK in Money Laundering Offences The United Kingdom has been ranked second globally for money laundering offences, according to the latest report by Smart Search. The report […] [...]
Introduction On 8th December 2022 the Financial Conduct Authority (“FCA”) set out new rules and enhanced expectations for Principal firms in PS22/11. For more information on the changes made by […] [...]
The Regulatory Gateway for Financial Promotions is Here
Navigating KYC Challenges in 2024: Insights from the Q&A Session
Webinar Recording – KYC: Challenges Around KYC and Best Practices for 2024
Navigating the Financial Promotions Gateway Ahead of the FCA Deadline, 7th February 2024
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