Latest Articles

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; Singapore looks at toughening its AML rules and single family office regime, FCA highlights topline themes...

AI allows machines to mimic the human mind, enabling them to rationalise and take actions to achieve a specific goal. This article focuses on the use of AI in financial services, governance and oversight, and the potential risks associated with...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; FCA to review PEP treatment, initial report findings published, US SEC confirms crackdown on deceptive fund...

This quarter's Concerning Conduct, a summary of recent cases concerning culture and conduct, includes; Farage drama leads to resignations at NatWest, Financial institutions’ climate risk models underestimating risks, Mazars and BDO audit quality issues, Fintech Revolut sees fraudulent losses of...

The previous articles have explored the question of why ‘embedding’ the Consumer Duty is such a focus for the FCA, and hence for firms, as well as some of the practical steps firms can take to meet the FCA’s expectations....

The treatment of Politically Exposed Persons (PEPs) – in particular, domestic PEPs - when accessing financial services in the UK has been a recent subject of debate. This is, perhaps in part, due to the media attention surrounding the former...

In the wake of the recent Nigel Farage/Coutts de-banking controversy, the FCA has announced that it is reviewing the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms. The review, which will consider the issue in the context...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; US regulators issue $555m of fines for messaging violations, UBS settles over bond mis-selling, US SEC...

‘Embedding the Consumer Duty: Part one - understanding the challenge’, explored the question of why ‘embedding’ the Consumer Duty is such a focus for the FCA, and hence for firms. This article considers some of the practical steps firms can...

According to the WTO Trade Volume Index 2022, world trade volumes have grown between 4% - 6% annually since 1995, and the total value of annual trade currently stands at around USD 31.0 trillion. This vast and still growing volume...

For frontline and operations staff working in trade finance, identifying, assessing and mitigating trade risk is a vital and often complex task. To facilitate this, here are three broad areas of focus with some relevant questions to share with your...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; FCA calls in bank chiefs over interest on savings, Global regulators recommend exit fees for property...