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 Jyotsna Bucktowar | Aug 15, 2023
FCA is currently reviewing how financial services firms have applied the PEPs regime and whether changes to the guidance are required.
by Jyotsna Bucktowar | Jul 27, 2023
FSC undertook onsite inspections to 30 firms across the sectors with the largest exposure to PEPs and found that the controls employed by firms to mitigate PEP risk were effective, with only three of the 30 firms requiring risk mitigation programmes to remediate...
by AdrianaAMLP | Oct 14, 2022
The bank failed to conduct sufficient checks on its customers based in countries with a higher risk of ML/TF. It also failed to undertake the correct checks when some of the customers were classed as PEPS. The bank has taken significant steps to improve its financial...
by AdrianaAMLP | Dec 8, 2021
The Paper details the laundering of monies and reputations by elites from Eurasia’s kleptocratic states, and the material and reputational damage rendered to the UK’s sovereignty and democracy. It includes removing legal loopholes, establishing transparency in...
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