Suspicious Activity Report Template

Suspicious Activity Report Template

Why use a Suspicious Activity Report Template? It provides the confidence to know that you are collecting, documenting and submitting the right data, in the right format, to the right governing body. It will also save you time and money buy joining 10,000+ firms who already use our templates! Reporting Suspicious Activities Businesses with obligations […]

Treatment of Customers in Financial Difficulty

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HSBC Fined £6,280,100 The importance of having effective policies and procedures in place for treating customers fairly and managing those in arrears cannot be overstated. HSBC UK Bank plc and Marks and Spencer Financial Services plc (“HSBC”) are the latest firm penalised for failing to treat customers in arrears or with financial difficulties fairly. Last […]

Understanding the GDPR Conditions & Rights

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Initially published in 2017 ahead of the General Data Protection Regulation (GDPR) enforcement, this article has been updated for those new to the UK GDPR. Understand some of the GDPR Conditions & Rights that apply under the UK’s data protection Regulation and see how to comply with your obligations. Lawfulness of Processing Conditions The onus […]

FCA Consumer Duty Guidance

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This article provides information on the Consumer Duty and offers suggestions for complying with the rules and outcomes. We have put the FCA Consumer Duty guidance into simple to read sections and have included controls and tools for adherence to the Duty requirements. What is The Consumer Duty? The FCA’s Consumer Duty (“the Duty”) came […]

What Does Data Minimisation Mean?

What Does Data Minimisation Mean?

What does ‘data minimisation’ mean?  Simply put, data minimisation is the process of limiting the collection and retention of personal data to what is absolutely necessary. The purpose for processing personal data should be identifed by the data controller. The information collected should be adequate to fulfil that purpose, directly relevant and limited to what […]

Review Financial Promotions for CONC Compliance

Review Financial Promotions for CONC Compliance

Do you need to review financial promotions for CONC compliance? This article provides guidance and information on who CONC applies to and how to review your promotions to comply with CONC 3. What is the Consumer Credit Sourcebook? The Consumer Credit Sourcebook (CONC) is listed under the ‘specialist sourcebook’ section of the FCA handbook. It […]

New FCA Financial Promotions Rules

New FCA Financial Promotions Rules

The new FCA financial promotions rules introduce a gateway for firms who approve financial promotions. Regulated firms are already obligated to comply with the COBS 4 Handbook rules on financial promotions and client communications. However, PS23/13 introduces new standards and requirements for those seeking to approve financial promotions for communication by unauthorised persons. What are […]

Templates for Anti Money Laundering (AML)

Templates for Anti Money Laundering (AML)

Market Leading AML Policies & Controls Are you looking for templates for anti money laundering (AML)? If so, look no further! Know Your Compliance Limited is one of the UK’s top providers of customisable AML templates and policies. With nearly 10,000 firms already using our regulatory policy documents, you’ll be in good company. AML compliance […]

Fraud Risk Assessment Example

Fraud Risk Assessment Example

This article written by Know Your Compliance Limited gives an overview of a fraud risk assessment example and provides guidance on the fraud risk assessment process. If you are looking for customisable fraud prevention policies, jump straight to our Anti Fraud Template Toolkit. What is Fraud? Fraud is any intentional deception that results in financial […]

Compliance Monitoring Programme Document

Compliance Monitoring Programme Document

Compliance Monitoring Tools There are 2 mandatory documents that the FCA requires a firm to submit when they apply for FCA authorisation. One is the Regulatory Business Plan and the other is the Compliance Monitoring Programme. The latter is where a firm documents all their compliance controls, measures and actions. On the regulators application for […]