Transaction Monitoring

FCA’s Consultation Paper proposes reforms to simplify UK transaction reporting, cut compliance costs by over £100M, and enhance data quality for detecting FC and market abuse – feedback by 20 Feb 26

by AdrianaAMLP | Nov 21, 2025

Under consultation paper CP25/32, the FCA seeks to streamline the UK transaction-reporting regime by narrowing its scope to instruments traded on UK venues, removing mandatory reporting for FX derivatives, and cutting required data fields (reducing...

FinCEN reissues modified Geographic Targeting Order requiring MSBs to report cash transactions between $1,000 and $10,000 in selected border regions to combat Mexico-linked illicit activity

by AdrianaAMLP | Sep 8, 2025

This measure replaces the earlier $200 threshold, introduces an extended compliance provision for newly covered MSBs until October 10, 2025, and strengthens law enforcement’s ability to cut off access to the U.S. financial system by drug cartels and other...

EBA’s report on AML/CFT SupTech identifies these tools as key drivers for advancing supervision, enhancing efficiency and data analysis while emphasising robust governance

by AdrianaAMLP | Aug 18, 2025

The report stresses the need for a digital-first culture, robust change management, interoperability, and privacy safeguards, along with continuous evaluation of performance. Cross-border and domestic collaboration is crucial to ensure SupTech tools are effective,...

FCA fines Sigma Broking Ltd £1,087,300 for systemic transaction reporting failures, after submitting over 924K incomplete or inaccurate MiFIR reports over nearly 5 years

by AdrianaAMLP | Aug 14, 2025

Despite FCA warnings in May 2023, Sigma’s inadequate systems and controls remained unaddressed until an internal review in early 2024 revealed the full scale of errors. This is Sigma’s second enforcement action for similar breaches, following a £531,600 fine and...

FCA’s transaction governance review urges wholesale banks to implement robust frameworks, safeguard inside information, and strengthen risk management to mitigate potential FC

by AdrianaAMLP | Aug 7, 2025

The FCA found that while some banks operate with strong risk frameworks—ensuring clear risk appetite, documentation, and condition tracking—others exhibited gaps in managing reputational risk and lacked adequate record-keeping of early-stage transaction deliberations,...

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FCA’s Consultation Paper proposes reforms to simplify UK transaction reporting, cut compliance costs by over £100M, and enhance data quality for detecting FC and market abuse – feedback by 20 Feb 26

FinCEN reissues modified Geographic Targeting Order requiring MSBs to report cash transactions between $1,000 and $10,000 in selected border regions to combat Mexico-linked illicit activity

EBA’s report on AML/CFT SupTech identifies these tools as key drivers for advancing supervision, enhancing efficiency and data analysis while emphasising robust governance

FCA fines Sigma Broking Ltd £1,087,300 for systemic transaction reporting failures, after submitting over 924K incomplete or inaccurate MiFIR reports over nearly 5 years

FCA’s transaction governance review urges wholesale banks to implement robust frameworks, safeguard inside information, and strengthen risk management to mitigate potential FC

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