Viewing post categorized under: AML

March Regulation Update

By Kyte Ekstrom | AML, Brexit, Crypto-Assests, E Money, FCA Regulation, FinTech, Investment Advisor, Investment Manager, payments | 0 Comments

GENERAL REGULATION FSB publishes report: FinTech and Market Structure in the COVID-19 Pandemic – Implications for Financial Stability The Financial Stability Board (FSB) has published a report on the financial stability impact of the COVID-19 pandemic on FinTech and market structure. The main finding of the report is that the pandemic has accelerated the trend […]

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December Monthly Regulation Update

By Kyte Ekstrom | Agent Relationship, AML, Appointed Agent, Appointed Representative, E Money, FCA Regulation, Financial Promotions, FinTech, Investment, Investment Advisor, Investment Funds, Investment Manager, payments, Pensions, Regulatory Hosting, Umbrella Services | 0 Comments

December Headlines General Regulation– HM Treasury publishes Consultation Paper – Financial Promotion Exemptions– House of Commons Publishes Letter – Future of the UK and EU AML/CFT Regimes– FCA Publishes Consultation Paper (CP21/34)- Improving the Appointed Representatives Regime Payment Services, E-Money & Open Banking– FCA publishes Policy Statement (PS21/19) – Strong Customer Authentication– Transparency International UK publishes […]

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November Monthly Regulation Update

By Kyte Ekstrom | AML, Consumer Credit, Credit Lenders, Crypto-Assests, E Money, FCA Regulation, FinTech, Insurance Broker, Investment Advisor, Uncategorized | 0 Comments

T’is the season to be compliant! Each month we publish the latest regulation updates and industry news. Our monthly regulation update covers only the salient points –  it’s the gift that keeps on giving! General Regulation– HM Treasury Publishes Supervision Report 2019/20 – AML and CTF– Speech by Economic Secretary – New Directions for the Future of UK […]

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October Monthly Regulatory Update

By Kyte Ekstrom | AML, Compliance, FCA Regulation, FinTech | 0 Comments

GENERAL REGULATION FOS Publishes Updated Guidance – Compensation for Distress, Inconvenience or Other Non-Financial Loss The Financial Ombudsman Service (FOS) recently published updated guidance for both businesses and consumers concerning the compensatory awards for distress or inconvenience. Garry Wilkinson, Principal Ombudsman and Director of Investigation, confirmed in a FOS blog post that the updated guidance does […]

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April Monthly Regulatory Update

By Kyte Ekstrom | AML, Compliance, Crypto-Assests, FCA Regulation, FinTech, News | 0 Comments

Bank of England Publish Press Release on Central Bank Digital Currency The Bank of England and HM Treasury have announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC. A CBDC would be a new form of digital money issued by the Bank of […]

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February Monthly Regulatory Highlights

By Kyte Ekstrom | AML, communications, Compliance, Digital, E Money, Financial Industries, FinTech, News, payments | 0 Comments

FCA Consultation Paper Proposing Changes to SCA-RTS and guidance for Payment Services and Electronic Money The FCA has published consultation paper CP21/3 on the proposed changes to RTS (Regulatory Technical Standards) on SCA (Strong Customer Authentication) explores changes to the FCA’s guidance on payment services and electronic money. The FCA are taking this opportunity to […]

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January Monthly Regulatory Highlights

By Kyte Ekstrom | AML, Brexit, communications, Compliance, Consumer Credit, Credit Brokers, Credit Lenders, E Money, FCA Regulation, FinTech, Insurance, Investment, Investment Advisor, Investment Manager, News, Uncategorized | 0 Comments

Don’t have time, or the will, to trawl through endless websites reading long articles about financial news and regulation. We’ve got you covered with our Monthly Regulatory Highlights – snippets of the past months regulatory news and updates (along with links to corresponding webpages and press-releases) – saving you time and making it easy for […]

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National Risk Assessment of Money Laundering and Terrorist Financing 2020

By Kyte Ekstrom | AML, Compliance, Financial Industries, FinTech, News | 0 Comments

If you’ve only just got up to speed with the implementation of the provisions of the 5th AML directive in 2020, and the UK’s Sanctions and AML Act in 2018 (which came into force at the end of the UK’s Brexit transition period) then news that HM Treasury and the Home Office have recently jointly […]

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