Will the UK government’s attempts to regulate cryptocurrencies actually open the door for insurance brands to cover the risk? The potential loss for wealthy people is huge and when things go bad there is often […]
The FCA has fined Al Rayan Bank PLC (Al Rayan) £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls. Between 1 April 2015 and 30 November 2017, Al Rayan allowed money to […]
Is the new FCA Consumer Duty worded in a way which makes it difficult for brokers to predict their customers’ future, or true aims? Three in five brokers admit they don’t understand how the FCA’s […]
The latest action from the FCA; The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for serious weaknesses in its anti-money laundering (AML) systems and controls between October 2014 […]
Latest fine from the FCA concerns the botched TSB systems upgrade; The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank plc (“TSB”) a total of £48,650,000 for operational risk […]
Latest thoughts from the FCA on increasing levels of compensation for mis-selling in the past. The Financial Conduct Authority (FCA) has published the feedback it received to its call for input on the framework for […]
It’s all jolly japes with Ant & Dec in the adverts, but today’s news that Santander has been fined over £100m for money laundering regs highlights the underlying problems in the UK banking system. Too […]
Latest update from the FCA; The Financial Conduct Authority (FCA) has fined BGC Brokers LP, GFI Brokers Limited and GFI Securities Limited (together, BGC/GFI) £4,775,200 for failing to ensure they had appropriate systems and controls […]
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