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 […]