insights & articles
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
