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UK announces Anti-Greenwashing Rule for FCA Firms, came into force on 31 May 2024

by Jyotsna Bucktowar | Jun 11, 2024

The rule will apply to references to environmental or social characteristics in FCA authorised firms’ communications with UK clients that either promote, or otherwise relate to, a product or service…

FCA proposes to update its Financial Crime Guide on sanctions, proliferation financing and transaction monitoring

by Jyotsna Bucktowar | May 28, 2024

The Guide aims to enhance understanding of the FCA’s expectations and to help firms assess the adequacy of their financial crime systems and controls, and remedy any deficiencies. The FC Guide contains various self-evaluation questions, along with examples of good and...

FCA charges against nine individuals in relation to an unauthorised foreign exchange trading scheme promoted on social media

by Jyotsna Bucktowar | May 20, 2024

The FCA has accused Emmanuel Nwanze of operating an unlawful investment scheme and issuing unlawful financial promotions. Nwanze-Thompson, used an Instagram account, named Holly_Fxtrends, to advise on buying and selling CFDs when they were not entitled to do...

FCA publishes finalised Guidance on the ‘anti-greenwashing rule’

by Jyotsna Bucktowar | May 9, 2024

The guidance is intended to help firms understand and comply with the anti-greenwashing rule, which comes into force on 31 May 2024. By introducing the anti-greenwashing rule, the FCA aims to clarify to firms that sustainability-related claims about their products and...

FCA consults on proposed changes to the Financial Crime Guide in relation to sanctions, proliferation financing and transaction monitoring

by Jyotsna Bucktowar | Apr 26, 2024

FCG provides practical assistance and information for firms of all sizes and across all FCA-supervised sectors on actions they can take to counter the risk that they might be used to further financial crime. Its contents are drawn primarily from FCA and FSA thematic...
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Recent Posts

  • EBA launches a consultation to simplify EU Supervisory reporting by cutting requirements by around 50% and reducing duplication and streamlining data requirements
  • NCA’s UKFIU SARs Reporter Booklet (Mar 26) reveals large-scale fraud and ML schemes, including £2.4M VAT frauds, £600k+ asset freezes, and complex organised crime networks 
  • FinCEN proposes a rule to fundamentally reform AML/CFT programs under the Bank Secrecy Act, shifting from “check-the-box” compliance to risk-based, effectiveness-focused outcomes
  • AUSTRAC finalises AML/CTF transitional and amendment rules, setting clear timelines for CDD, travel rule for payment transparency, and VASP obligations to help businesses strengthen ML/TF controls
  • OECD’s Consumer Finance Risk Monitor 2026 report flags rising FC risks from AI impersonation, phishing, investment and crypto fraud, with 85% of jurisdictions citing scams as the top risk

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