PEPs
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Swedish FSA opens an investigation into Handelsbanken
The supervisory authority will investigate whether Handelsbanken has complied with the anti-money-laundering rules.
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Bank of Scotland fined for breach of Russia sanctions
The UK’s OFSI states that the case “highlights important compliance lessons for a wide range of industry stakeholders.”
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Horizon scanning: UK regulatory topics to look out for in 2026
Regulatory topics that will have a significant impact on institutions operating in the UK financial services sector this year.
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Morgan Stanley’s due diligence of wealth-management clients under scrutiny
FINRA is seeking information on international and US clients, plus the unit that includes its trading desks, sources said.
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Act to get balance right on PEPs, FCA tells UK financial sector
Regulator says treatment of senior figures must be improved in wake of debanking furore.
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Podcast: Iain Armstrong on the state of financial crime in 2024
Iain Armstrong speaks about the findings from ComplyAdvantage’s State of Financial Crime 2024 report.
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Swiss regulator censures Lebanon’s largest bank for serious money laundering violations
The bank was found to have kept information from FINMA, failed to report suspicious activities to their MLRO, and bypassed PEP protocols.
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HM Treasury launches consultation on effectiveness of Money Laundering Regulations
New proposals aim to reduce ambiguity and lead to a reduction in over-compliance or inconsistent application.