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Regulator says treatment of senior figures must be improved in wake of debanking furore.
Iain Armstrong speaks about the findings from ComplyAdvantage’s State of Financial Crime 2024 report.
The bank was found to have kept information from FINMA, failed to report suspicious activities to their MLRO, and bypassed PEP protocols.
New proposals aim to reduce ambiguity and lead to a reduction in over-compliance or inconsistent application.
Rising compliance costs, innovations in payments, convergence of cybercrime and money laundering all red flags, says ComplyAdvantage.
A summary of sanctions on financial services, trade and other services.
UK, EU and US Sanctions on Russia and Belarus update as of January 17, 2024.
New frameworks and continuing concerns shape our roundup of FCA activity in the past fortnight.