Tag: Financial Conduct Authority
Revolutionizing risk management: The transformative impact of federated learning
The global financial landscape is increasingly plagued by the complexities of financial crime compliance. As the severity of global money laundering grows, major financial institutions are entangled in a dense web of risks and regulations.
How the Consumer Duty has reshaped financial services in its first...
The Consumer Duty, introduced by the FCA, has notably heightened consumer protection standards within the financial services sector.
How KYC is reinventing financial security standards globally
The battle against financial crime is ongoing and complex, with Know Your Customer (KYC) protocols at the forefront of safeguarding compliance and securing business...
FCA calls for stricter yet fairer treatment of politically exposed persons
The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).
Navigating the complex world of customer due diligence regulations
Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.
PIMFA advocates for delay in SDR rules due to implementation challenges
The trade association for wealth management, investment services, and financial advice, PIMFA, has urged the Financial Conduct Authority (FCA) to postpone the introduction of Sustainability Disclosure Requirements (SDR) for portfolio management by a year.
FCA’s Market Watch 79 highlights data and algorithmic issues in surveillance
The Financial Conduct Authority (FCA) has reminded firms about the significance of data integrity and algorithmic governance in market abuse surveillance tools, as outlined...
FCA finalises sustainability disclosure rules to tackle greenwashing
The UK Financial Conduct Authority (FCA) has published a policy statement confirming the final rules under the Sustainability Disclosure Requirements (SDR) and investment labels...
Navigating FCA’s CP24/2 Consultation: Implications for financial compliance and transparency
In February 2024, the Financial Conduct Authority (FCA) initiated a pivotal consultation titled 'CP24/2: Our Enforcement Guide and publicising enforcement investigations – a new...
FCA sets new standards with anti-greenwashing rules
The Financial Conduct Authority (FCA) is enhancing its support for the FinTech industry by confirming new anti-greenwashing guidance ahead of its enforcement starting 31 May.
