Tags Financial Conduct Authority

Tag: Financial Conduct Authority

Unveiling fraud’s frontlines: Strategies for securing the financial ecosystem

In the face of a burgeoning global fraud epidemic, the financial world is grappling with an ever-escalating threat that undermines the very fabric of our economies and societies.
Streamlining AML compliance: The future of FinTech operations

Streamlining AML compliance: The future of FinTech operations

In the ever-evolving landscape of financial services, maintaining regulatory compliance is not just a legal requirement but a strategic advantage. As financial institutions navigate...

Understanding the UK’s Sustainability Disclosure Requirements for 2024

The UK is gearing up to introduce the Sustainability Disclosure Requirements (SDR) in 2024, marking a significant shift in the Environmental, Social, and Governance...

Navigating the regulatory minefield: Record fines highlight 2023’s compliance challenges

In 2023, the global regulatory landscape unveiled a startling revelation as fines imposed by authorities exceeded a colossal $10.5bn. This figure not only reflects the stringent enforcement actions but also spotlights the emerging areas of regulatory scrutiny.

The rise of money mules in UK fraud: Prevention and detection

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

FCA unveils new Consumer Duty plan to boost savings interest rates

The UK FCA has announced its first actions under the new Consumer Duty rules, outlining a 14-point plan aimed at enhancing cash savings interest rates.

Eventus on enhancing financial compliance through strong team collaboration

An innovative collaboration approach to financial regulation is being advocated by Eventus, a leading regulatory technology (RegTech) firm, in their latest 'Compliance in Focus' series.

Firms unprepared for FCA’s Consumer Duty deadline, warns Bovill

With the Financial Conduct Authority's (FCA's) Consumer Duty deadline just 50 days away, almost half of firms are unsure about the implementation timeline, a new Bovill survey indicates.

PIMFA advocates for a refresh of the UK’s retail investment market

PIMFA, a significant voice in the WealthTech industry, is urging the UK Government to leverage a 'generational' opportunity to invigorate the UK retail investment market. This call to action comes six months after the introduction of the significant Edinburgh Reforms.

The crucial role of comprehensive AML/CTF risk assessments in business success

In today's dynamic business environment, organisations are facing ever-increasing compliance regulations. As a result, business-wide anti-money laundering (AML) and counter-terrorism financing (CTF) risk assessments...

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