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Anti-Money Laundering Reforms

The UK government has introduced a series of reforms to the Money Laundering Regulations (“MLRs”) as part of its broader Economic Crime Plan 2023–2026. These changes are designed to strengthen […] [...]

The FCA’s Approach to Climate Change and Sustainable Finance: A Comprehensive Overview

As climate-related risks increasingly shape global financial systems, regulatory bodies are stepping up their oversight to ensure firms are resilient, transparent and accountable. In the UK, the Financial Conduct Authority […] [...]

A Record-Breaking Year for Consumer Disputes

In July 2025 the Financial Ombudsman Service (FOS) published its annual complaints data and insights for 2024/25, which revealed a significant increase in complaints. The volume of complaints received by […] [...]

Targeted Support: A Smarter Way to Help Consumers with Pensions and Investments

A New Era for Financial Guidance The Financial Conduct Authority (FCA) published Consultation Paper CP25/17, setting out proposals for a new framework called Targeted Support. This initiative is designed to […] [...]

The FCA’s UK Presence Requirement for International Firms

The Financial Conduct Authority (FCA) operates one of the most open and internationally engaged financial regulatory regimes. However, for overseas firms wishing to service UK clients, this openness comes with […] [...]

Changes to Safeguarding Rules for Payment Firms

Overview The UK financial services landscape is undergoing a transformative shift with the introduction of the Financial Conduct Authority’s (“FCA”) policy statement PS25/12, published on July 31, 2025. The FCA […] [...]

FCA Opens Retail Access to Crypto ETNs

Importance of Regulated Crypto Investment The growing mainstream acceptance of cryptoassets has increased demand for regulated investment vehicles that provide retail investors with access to digital assets like Bitcoin and […] [...]

FCA Fines Brokerage Firm for Transaction Reporting Failures

On 1 August 2025, the Financial Conduct Authority (FCA) announced in its Final Notice that it had fined Sigma Broking Limited a total of £1,087,300 for significant and prolonged failures […] [...]

EBA Opinion on Money Laundering and Terrorist Financing Risks: A Call for Enhanced Compliance

Terrorist Financing (“ML”/”TF”) risks, published on 28 July 2025, highlighting the evolving threats facing the EU’s financial sector. Drawing on data from 2022 to 2024, the EBA identifies critical vulnerabilities […] [...]

Cryptoasset Threat Assessment Reveals Critical Risks

Overview The Office of Financial Sanctions Implementation (“OFSI”) released its Cryptoassets Threat Assessment in July 2025, highlighting the risks posed to UK financial sanctions compliance by cryptoasset firms. This report, […] [...]

SM&CR Reform: FCA CP25/21 Explained – Key Changes and Actions for Firms

Introduction The FCA’s CP25/21, published in July 2025, proposes several streamlining changes to the SM&CR as part of Phase 1 of a wider two-phase reform. While no immediate legal changes […] [...]

Complyport Wins ‘Regulatory & Compliance Consultancy of the Year – United Kingdom’ at the 2025 Global Advisory Awards

Complyport is proud to announce that it has been named – Regulatory & Compliance Consultancy of the Year – United Kingdom at the prestigious 2025 Global Advisory Awards. This recognition […] [...]

Trump Signs Executive Order Banning ‘Debanking’ for PEPs

In a bold move to address perceived discrimination in the financial sector, U.S. President Donald Trump signed an Executive Order on Thursday 7th August 2025, prohibiting banks from denying services […] [...]

New Corporate Offence: Failure to Prevent Fraud – Are you Ready?

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) introduces a new corporate criminal offence of failure to prevent fraud, set to take effect on 1 September 2025. This landmark […] [...]

FCA Strengthens Protections for Buy-Now Pay-Later Borrowers

The Financial Conduct Authority (FCA) has taken further steps to enhance consumer protection in the rapidly growing Buy-Now Pay-Later (BNPL) sector. These interim measures address rising concerns around consumer understanding […] [...]

FCA and AMLA Crack Down on Crypto Criminals

The rapid rise of cryptocurrencies has brought unprecedented opportunities for innovation within the financial industry, but it has also created ground prolific for financial crime. Recent actions by the United […] [...]

CP25/21: Inside the FCA’s Proposed Changes to SM&CR

The Senior Managers & Certification Regime (SM&CR) was introduced to strengthen individual accountability across the financial services sector. It replaced the Approved Persons Regime, applying to banks in 2016 and […] [...]

Treatment of Politically Exposed Persons in AML Compliance

Importance of PEP Identification and Management Effective identification and management of Politically Exposed Persons (PEPs) is a cornerstone of robust Anti-Money Laundering (AML) frameworks for financial institutions. PEPs, due to […] [...]

Strengthening Financial Services Through Technology and Oversight

The Financial Conduct Authority (FCA) has released its Annual Report for 2024, marking the final year of its 2022-2025 strategic cycle. The report highlights significant achievements in using data and […] [...]

FCA Multi-Firm Review: Risk Management and Wind-Down Planning

Overview The UK payments sector is experiencing significant growth and innovation, driven by technological advancements and changing consumer preferences. However, this rapid expansion has not always been accompanied by mature […] [...]

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