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 […]