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FCA flags UK’s growing savings gap as 61% of investors hold...
One in ten UK adults have no cash savings to fall back on, and more than a fifth have less than £1,000 set aside...
Market abuse in the spotlight as FCA targets insider dealing and...
The UK FCA has unveiled a five-year strategy designed to crack down on market abuse, strengthen financial crime enforcement, and promote economic resilience.
According to...
How regulatory change is opening new doors for scalable digital investment...
As the investment services industry braces for a wave of regulatory transformation, a new perspective is emerging—one that views compliance not as a cost centre, but as a catalyst for growth.
NatWest restricts staff from using WhatsApp and Messenger on company devices
NatWest Group has taken a firm step in tightening its internal communication protocols by blocking popular messaging services WhatsApp, Facebook Messenger, and Skype on company devices across the UK.
FCA’s new guidelines on PEPs: A shift towards risk-sensitive compliance
In July 2024, the FCA initiated a crucial dialogue within the financial sector by opening a consultation aimed at refining the treatment of PEPs.
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.