The Public Authorities (Fraud, Error and Recovery) Act 2025 received Royal Assent on 2 December 2025. The Act includes powers for the Minister for the Cabinet Office and the Department of Work and Pensions (DWP) to issue...more
12/12/2025
/ Anti-Money Laundering ,
Banks ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Fraud ,
Government Agencies ,
New Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
UK
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