In today’s fast-moving financial landscape, robust financial crime and anti-money laundering (AML) controls are more than just a regulatory requirement, they’re a business imperative. They are fundamental to safeguarding the integrity of the global financial system and ensuring the stability…
In the intricate world of financial regulations, understanding the role and responsibilities of various individuals across your firm is crucial. Two acronyms continue to shape how responsibility flows through Banks and Financial Institutions: MRTs (Material Risk Takers) and SMFs (Senior…
The Financial Conduct Authority (FCA) has significantly strengthened its surveillance of transaction reporting and Suspicious Transaction and Order Reports (STORs), with particular attention directed towards sectors offering spread betting and contracts for difference (CFDs). This intensified scrutiny reflects a concerning…
Navigating Regulatory Changes: Rethinking Senior Management Function Allocations and Strengthening the First Line of Defence Model In a rapidly evolving regulatory landscape, financial firms are facing increasing pressure to evaluate their Senior Management Function (SMF) allocations, with a particular focus…
A Regulatory and Compliance Perspective in the UK Financial Services Sector In an era marked by technological advancements, regulatory scrutiny, and increasing market volatility, the concept of operational resilience has taken centre stage within the UK financial services sector. For those…