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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 […] [...]

FCA Quarterly Consultation No. 48: What Firms Need to Know

Introduction On 6 June 2025, the UK’s Financial Conduct Authority (FCA) issued CP25/16, a Quarterly Consultation Paper (No. 48). The consultation outlines a series of targeted proposals to update the […] [...]

FCA Introduces Faster Authorisation Timelines to Support Growth

The Financial Conduct Authority (FCA) has announced a bold initiative to accelerate approvals for new firms and regulatory variations, designed to fuel growth, support innovation and maintain the UK’s position […] [...]

FATF’s Global Fight Against Terrorist Financing and Proliferation Financing

The Financial Action Task Force (FATF) has issued a series of significant updates in 2025, reinforcing its three core pillars: combatting money laundering, terrorist financing, and proliferation financing. Two key […] [...]

Barclays Fined £45 million: Poor Money Laundering Checks and Failures

Overview Just last week, the Financial Conduct Authority (FCA) imposed a £42 million fine on Barclays Bank UK PLC and Barclays Bank PLC for significant shortcomings in managing financial crime […] [...]

How to Get FCA Authorised: A Step-by-Step Guide

If you are planning to launch a financial services business in the UK, whether it is a payments firm, investment adviser, e-money institution, or cryptoasset service provider, obtaining authorisation from […] [...]

Elevating Your Retirement Income Advice: FCA Guidance

Every retiree deserves financial confidence, and as the FCA’s thematic review highlights, effective retirement income advice is the cornerstone of that confidence. Crafting a robust decumulation strategy is not merely […] [...]

AML Flaws and Failings: Lessons to be Learned from Monzo Bank

Overview The UK’s Financial Conduct Authority (“FCA”) imposed a £21 million fine on Monzo Bank Ltd for significant failings in its Anti-Money Laundering (“AML”) systems and controls. The penalty stems […] [...]

FCA Enforcement Actions Following Thematic Review on Money Laundering in Markets

In its thematic review published on 23 January 2025, the Financial Conduct Authority (FCA) emphasised its awareness of the pervasive threat of money laundering through markets (MLTM) and stressed the […] [...]

FCA Launch New Invest Advice Assessment Tool

Introduction In June 2025 the Financial Conduct Authority (FCA) announced the launch of its Investment Advice Assessment Tool (“IAAT) to be utilised by the industry. This tool is intended to […] [...]

FOS Proposes Overhaul of Compensation Interest to Better Reflect Market Conditions

The Financial Ombudsman Service (FOS) has launched a consultation proposing a major revision to its longstanding 8% simple interest rate applied to compensation payments. The move seeks to better reflect […] [...]

Consumer Duty: Two Years On – Progress, Practice & Proactivity

As we approach the second anniversary of the FCA’s Consumer Duty implementation, Complyport hosted a live webinar to discuss how the landscape has evolved, the expectations that now define regulatory […] [...]

Smaller Firms, Bigger Expectations: Inside the FCA’s Asset Manager Review

The Financial Conduct Authority (FCA) published a pivotal review on smaller asset managers and alternatives firms managing under £1 billion in assets. The message is clear: robust governance, client-centric design […] [...]

Category: Latest News

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

FCA Strengthens Protections for Buy-Now Pay-Later Borrowers

FCA and AMLA Crack Down on Crypto Criminals

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

Treatment of Politically Exposed Persons in AML Compliance

Strengthening Financial Services Through Technology and Oversight

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

FCA Quarterly Consultation No. 48: What Firms Need to Know

FCA Introduces Faster Authorisation Timelines to Support Growth

FATF’s Global Fight Against Terrorist Financing and Proliferation Financing

Barclays Fined £45 million: Poor Money Laundering Checks and Failures

How to Get FCA Authorised: A Step-by-Step Guide

Elevating Your Retirement Income Advice: FCA Guidance

AML Flaws and Failings: Lessons to be Learned from Monzo Bank

FCA Enforcement Actions Following Thematic Review on Money Laundering in Markets

FCA Launch New Invest Advice Assessment Tool

FOS Proposes Overhaul of Compensation Interest to Better Reflect Market Conditions

Consumer Duty: Two Years On – Progress, Practice & Proactivity

Smaller Firms, Bigger Expectations: Inside the FCA’s Asset Manager Review

INSIGHTS & EXPERTISE

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Webinar: Consumer Duty Board Reports – Year Two

Online Training Course: Your MLRO Training Day

Webinar: Navigating the IFPR Impact: Good and Poor Practices Observed

In-Person Training Course: Your MLRO Training Day

In-Person Training Course: Your MLRO Training Day

Fireside Chat: Operational Resilience – Have You Prepared?

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