The message is clear: an Annex 1 FCA registration is not a substitute for due diligence. Authorized firms still need to exercise robust AML controls.
Gary Watson, Clarionet Consulting
Gary Watson discusses the findings in the FCA’s review of sanctions, the recent OFSI sanctions fine, and the need for structural change.
The regulator is entering into an important phase with a lot of transitional change: crypto regulation, BNPL, consumer protection, economic growth – how will it cope?
Gary Watson on themes and challenges in the recent FCA Dear CEO letter.
The challenges of combining SMF16 and SMF17 – expectations on the heads of compliance and MLROs.