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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. […] [...]

Funeral Plan Provider Application Refused By The FCA

Two days before the FCA begins its regulation of UK funeral plan providers the regulator has announced its refusal of One Life Funeral Planning Ltd’s application for authorisation. One Life […] [...]

Cyber Security: No longer a Luxury

Cybersecurity is one of the biggest challenges facing the financial services market today and cyber-attacks are an ever-increasing threat to companies’ financial stability. Research conducted by the Direct Line Business […] [...]

Misuse of personal devices at work

You may have seen an article we wrote in March this year on the risks associated with mobile messaging and how regulating record keeping practices in financial services firms is […] [...]

Is The OFSI Stepping up?

In the “Corruption Crackdown: Amending the Economic Crime Bill” article we published on the 21st March 2022, we explained how changes were on their way for the Office for Financial […] [...]

FCA Authorisation & The Regulation of Buy-Now Pay-Later Credit Firms

The government is to strengthen the regulation of interest-free Buy-Now Pay-Later agreements, in order to protect the millions of Britons currently utilising this service to manage their finances by spreading […] [...]

FCA Authorisation for Funeral Plans Providers: What It Means To Be Regulated By The FCA

From the end of July 2022, it will be a criminal offence for funeral plan providers to sell funeral plans unless they are authorised by the FCA. Up until the […] [...]

Webinar Recording – FCA Cryptoasset Registration – What firms need to know in 2022

Since January 2020, firms undertaking any cryptoasset activity in the UK have had to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations […] [...]

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