Financial Crime Guide Updates: Here’s what you should know
The Financial Conduct Authority (FCA) has recently released a consultation paper (CP), CP24/9 (CP), proposing updates to its Financial Crime Guide (Guide). This publication reflects the FCA’s ambition to reduce […]
Information Sharing in the Private Sector
Of relevance to: All firms, particularly those within groups of companies The Financial Action Task Force (FATF) have issued additional guidance on Private Sector Information Sharing which aims to improve […]
Money Laundering: Further Updates to Guidance
Changes to Guidance issued by Joint Money Laundering Steering Group
Money Laundering: Changes to Guidance
JMLSG consults on changes to the Guidance
Money Laundering: New Watchdog for Professional Bodies
HM Treasury has announced the creation of a new watchdog that will tackle potential weaknesses in the money laundering supervisory system that criminals and terrorists may be trying to exploit.
Money Laundering – Politically Exposed Persons
Regulation transposing 4MLD into national law published
REP-CRIM
A reminder that a new financial crime data return (REP-CRIM) comes into force on 31 December 2016 – see Regulatory Roundup 75 and 78.
FCA Anti-money Laundering Annual Report
The FCA has published its Anti-money Laundering Report for 2015/16 on its website
Market Abuse
The FCA has released consultation paper CP15/35 on the revised market abuse regime.
Whistleblowing
A new SYSC section, SYSC 18.4, introduces the concept of a whistleblowers’ champion