Firms deploying AI in compliance are preserving descriptions of their systems; a regulator wants a record of one decision, on one file, on one day.
UK Financial Ombudsman Service
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.
UK FOS overhaul is not a retreat from the politics of redress. It is a repositioning.
The reforms are set to return the FOS to its original role as an impartial dispute resolution service; we look at stakeholder reaction.
Implications for principals and ARs.
Pathlight Associates examine the evolving risk landscape for banks and payment service providers (PSPs) as romance fraud reaches epidemic proportions.
By using the tool and checking if a firm is authorized, people can significantly reduce their chances of falling victim to fraud.
The FCA plans to extend the High-Level Standards in the FCA Handbook to cryptoasset firms in line with FSMA-authorized entities.