As part of its wider financial crime supervisory work in support of its 2025–30 strategy, the FCA has published the findings from its multi-firm review of firms' business-wide risk assessment (BWRA) and customer risk...more
11/13/2025
/ AML/CFT ,
Anti-Money Laundering ,
Compliance Management Systems ,
Customer Due Diligence (CDD) ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
FinTech ,
Money Laundering ,
Regulatory Oversight ,
Risk Assessment
HMRC has reportedly brought its first-ever corporate prosecution under the failure to prevent the facilitation of tax evasion offence, almost eight years after the legislation was introduced in the Criminal Finances Act 2017....more
Banks and EMIs will need to consider the impacts of proposed new requirements to comply with information notices and account direct deduction orders on their policies, procedures and controls. For information notices, this...more