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Navigating the difficult waters of compliance in a time of constant change

Olympic trails canoe/kayak - mens C-2.
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The challenges of combining SMF16 and SMF17 – expectations on the heads of compliance and MLROs.

Operating in an era where regulatory expectations have never been higher and will undoubtedly continue to grow, combining SMF16 and SMF17 into one role provides some challenges and risks. Periodically, certainly as firms grow, it makes sense for their leadership to review this approach. 

In 2022, the FCA set out its