FCA Reviews Challenger Banks’ Financial Crime Controls
The fast, no-fuss, easy to access and control accounts that challenger banks claim to be offering are attractive to the consumer who desires speed and agility. However, this also seems […]
Due Diligence Demands: Banks Under Increased Compliance Pressure
Banks that have failed to apply even the most minimal of checks when handing out loans will be challenged. That is the message from the British Business Bank which has […]
Following the Money: Recent FATF Compliance Findings
Historically, Financial Action Taskforce (FATF) evaluations focused on their member countries having implemented the recommendations. Now, the evaluations focus much more heavily on the effectiveness of the implementation. This is […]
Close Cooperation: FCA plans to offer more support for newly authorised firms
The FCA has recently set out its proposals for Early and High Growth Oversight. This scheme is an acknowledgement that newly-authorised firms “can face challenges in meeting their regulatory obligations […]
Mixed Messages: Crypto Developments and Regulatory Caution
The recent call from HM treasury to make the UK “a global cryptoasset technology hub” has sent ripples throughout the financial technology (fintech) industry. However, the Chancellor’s aspirational ‘sales pitch’ […]
It’s All Happening in Financial Crime: Recent News Round-Up
With the FCA pushing hard to tighten the noose on regulations surrounding crypto firms and cryptoasset providers, the crypto space has been the forefront of very interesting discussions about opportunities […]
Fraudster Paradise: Closing the Gaps in Counter-Fraud Legislation
Fraud-related losses of £1.9bn were reported to Action Fraud, the UK reporting centre for fraud and cybercrime, between November 2020 and December 2021. These recently released findings follow increasing reports […]
Troublesome Texts: Managing the Risks of Mobile Messaging
Regulating record-keeping practices, whilst important, has not always been a top priority for financial services regulators around the world—especially as the monitoring of such activity (to a greater or lesser […]
FREE WEBINAR – Key changes to the FCA authorisation process – A practical guide for firms planning to submit an FCA authorisation application in 2022
The FCA’s authorisation process is already a rigorous and complicated undertaking for any new firm looking to join the UK financial services market. This process has been exasperated by external […]
Complyport Included in FCA’s Skilled Person Panel
Complyport is delighted to announce that it has been included in the Financial Conduct Authority (FCA)’s Skilled Person Panel for Prudential – Adequate Financial Resources for FCA solo-regulated firm. ‘Skilled […]