FCA Compliance Monitoring Requirements At the time a firm applies for FCA authorisation, and during the authorised period, they must maintain a Compliance Monitoring Programme Document. The requirement to complete this document is noted on the application form and in the supporting notes. The regulator expects every firm to document the checks undertaken to ensure […]
Stay ahead of the curve when it comes to the Money Laundering and Terrorist Financing (Amendment) Regulations 2026. This article gives an overview of the instruments’ key amendments and provides guidance and resources for updating your anti-money laundering compliance program. Draft Money Laundering Regulations The draft Statutory Instrument (SI) was laid before the House of […]
Summary From 7th May 2026, payment and electronic money institutions, including credit unions that issue e-money, will have obligations under the FCA’s Supplementary Regime and Client Assets (CASS) Sourcebook. The regime ensures better safeguarding practices by these institutions and is aimed at reducing risk of harm to consumers and market integrity. This article provides an […]
Summary The FCA’s Client Assets (CASS) Sourcebook has been a part of the financial services regulations for more than 20 years. The rules contained in CASS apply to regulated firms who hold or control client money or client assets. As of 7th May 2026, the CASS sourcebook will also apply to electronic money institutions and […]
If you are looking to find what the best solutions to ensure SMCR compliance are, you have come to the right place! This quick guide article will give you an overview of the regime, provide guidance on how to comply with the rules and list the top solutions and tools for compliance. What is the […]
A data subject access request (SAR) is a request made by an individual to any business or entity holding their personal data. It is one of the mandatory processes that falls under the right to access clause in the UK General Data Protection Regulation (GDPR) and Data Protection Act (DPA18). This article will help you […]
Staff training records, development logs and skills gap analysis tools go hand in hand with your employee training framework. A trained workforce is a knowledgeable workforce. Your staff are the frontline of your business as well as the foundation. Ad-hoc training, missing feedback and undocumented assessments are as much use as a chocolate teapot! Why […]
Any compliance action is only as good as its outcome! Remembering this is essential if you want to understand how to effectively monitor compliance in your organisation. You can have any number of procedures, systems and monitoring tools in place. However, without defining goals and monitoring the results and outcomes, you will end up with […]
We recently published an article in our quick guide series on how to do an AML risk assessment. In that article we referred to the business areas, functions and activites that should be considered when identifying AML risks. The areas that anti money laundering and financial crime risk can arise from are numerous. We therefore […]
This quick guide article walks you through how to do an AML risk assessment. A business-wide anti money laundering risk assessment is mandatory for firms with obligations under the Money Laundering Regulations. Below are suggested steps and formats that will result in an effective, compliant AML risk assessment. What is an AML Risk Assessment? Articles […]