If you are applying for FCA authorisation, you will definately have wondered “what are the FCA compliance arrangements?” These are referred to in the application form and supporting authorisation application guidance notes. In their reference to these compliance arrangements, the regulator advises that ‘when assessing your application, they need to be satisfied that you have […]
Do you intend to hold client money? If you are authorised by the FCA and the answer to this question is yes, read on! Regulated firms holding client money must comply with the rules set out in the Client Assets Sourcebook (CASS). These apply to firms who hold or control client money or safe custody […]
If you are looking for consumer credit policy templates, you have come to the right place! Know Your Compliance Limited are the UK’s leading provider of FCA policy templates and compliance manuals. With more than 11,000 firms already using our documents, you can be assured of high-quality, professional and compliant policies, procedures and controls to […]
Understanding how to identify and report suspicious activity is a fundamental part of your money laundering prevention framework. If you have obligations under the Money Laundering Regulations you must submit a Suspicious Activity Report (SAR) if you know or suspect a person is engaged in (or attempting) money laundering or terrorist financing. Identifying Suspicious Activity […]
The UK GDPR contains rights for individuals in Articles 12-22 of the Regulation. These rights give a data subject some control over their personal data. Such rights enable people to access personal information, correct errors and in certain situations, object to the processing. Why Are Data Subject Rights Important? If you are an individual whose […]
Vulnerability training for employees is not only essential for FCA authorised firms, but also any business that may be dealing with customers. Having employees who are able to identify when a customer is vulnerable and knowing how to help them is an essential business function. At Know Your Compliance Limited, our Vulnerable Customer training and […]
This quick guide looks at what the AML checks for estate agents are and what other rules you need to be aware of and comply with. What is an Estate Agent? Estate agent activities are defined under the Estate Agents Act 1979 (‘the Act’). Such activities are where instructions are received from another person who […]
What Is Financial Crime & Money Laundering? Any policy within a business should start by defining what the included content covers. The introduction does not need to be extensive. However, it should give anyone referring to the policy sufficient information to understand what the policy relates to. Example AML Policy Introduction Financial crime is any […]
If you need a GDPR compliance checklist to help you navigate the Regulations, you are not alone! The current data protection regime may have been around for several years, but that doesn’t mean that business owners like you have the time or resources to plow through every last page and rule! Consider the UK GDPR, […]
Are you currently in the process of completing your Financial Conduct Authority (FCA) application? If you are looking for templates and policies for FCA authorisation, look no further! Know Your Compliance Limited are the UK’s leading FCA policy template provider. With 11,000+ organisations using our documents and toolkits to meet and exceed their regulatory compliance […]