by Jyotsna Bucktowar | Sep 11, 2023
The review will assess how firms are adhering to the AML legislation and FCA guidance to conduct proportionate and risk based due diligence on their clients. This review is being conducted in compliance with Section 78 of the Financial Services and Markets Act...
by AdrianaAMLP | Sep 7, 2023
Tough new rules designed to make the marketing of cryptoasset products clearer and more accurate, and that ban incentives like ‘refer a friend’ bonuses, will come into force on 8 October.
by Jyotsna Bucktowar | Sep 7, 2023
Crypto services are set to be categorized under the country’s high-risk investments category for marketing materials from October 8, meaning all platforms globally will need to display clear risk warnings to UK customers and have any public promotions...
by AdrianaAMLP | Sep 6, 2023
Identifies examples of both good practice and areas for improvement under 5 key themes: governance and oversight, skills and resources, screening capabilities, Customer Due Diligence (CDD) and Know Your Customer (KYC) procedures, reporting breaches to the FCA.
by Jyotsna Bucktowar | Sep 6, 2023
Sarah Pritchard, FCA Executive Director of Markets and International, delivered a speech to the Financial Crime Summit 2023 entitled Calibrating controls to build confident markets, which is key to understanding the FCA’s AML focus and priorities and re-iterated a...
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