How to Comply with the UK GDPR
The General Data Protection Regulation (GDPR) is a law that governs how organisations process personal data.
AML and Compliance
AML Compliance Audits: What to Expect
It is a regulatory requirement for most businesses operating in the regulated sector to carry out an ‘Independent Audit of Anti-Money Laundering (AML) Policies, Controls and Procedures’ to comply with Regulation 21 of the Money Laundering Regulations 2017.
Identity Fraud Cases at All-Time High
Identity fraud is now one of the biggest fraud threats to the UK public, with cases soaring by nearly a quarter over the last year, recent figures show.
Top Tips for Businesses to Spot Money Laundering and Fraud
Countries across the world are showing an increased drive to clamp down on financial crimes. Fraud and money laundering are international problems, and a global response is required to combat them effectively.
Economic Crime Act Receives Royal Assent
The Economic Crime and Corporate Transparency Act received Royal Assent on 26 October 2023. The new act contains laws to “fight fraud, counter corruption and bolster legitimate business”.
FCA Fines Broker £6.5m for Historic AML Failings
The Financial Conduct Authority (FCA) has ordered ADM Investor Services International Limited (ADMISI), a broker affiliate of Archer Daniels Midland, to pay almost £6.5m for serious financial crime control failings.
Accountancy Giant EY Pays Santander £15m for AML Failings
‘Big Four’ member consultancy firm Ernst & Young (EY) has repaid banking group Santander £15m after it failed to help the Spanish lender improve its anti-money laundering (AML) controls, reports suggest.
FCA Issues 146 Alerts on First Day of New Crypto Marketing Regime
The Financial Conduct Authority (FCA) has revealed that it issued 146 alerts to firms promoting crypto within 24 hours of new rules governing the marketing of such assets coming into force.
FCA Sends Final Warning to Cryptoasset Firms Ahead of Financial Promotion Regime
The Financial Conduct Authority (FCA) has issued a final warning to cryptoasset firms marketing to UK consumers, and those supporting them, to prepare for the new financial promotion regime.
AML Shake-up Puts Accountants at Risk
The UK government’s plans to reform the country’s anti-money laundering (AML) regime will expose accountants and other businesses to a greater risk of financial crimes, professional body the Association of Accounting Technicians (AAT) has warned.