A compilation of guides, how-to's, tips and more from CCL Academy's highly professional subject matter experts who have significant industry/practitioner experience.
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Dear CEO – What the FCA expects you to do
On 5th March 2024, the FCA issued a ‘Dear CEO’ letter to Annex 1 firms (i.e. firms that are supervised by the FCA for AML/CTF purposes only) which reiterated the importance of the ‘…fight against financial crime…’. It also sets... -
The Consumer Duty Board report – are you ready?
In this article, Peter Haines, Consumer Duty trainer and a Consumer Duty Champion with experience in implementing the Duty within a financial services organisation, discusses the FCA’s expectations for the Board report and the type of MI firms should be... -
The rise in bribery and corruption, and how to assess and manage associated risks
Almost every country in the world prohibits the payment of bribes to their own government officials, but the scale and ubiquity of bribery and corruption continue to worsen. Bruce Viney discusses the rise in bribery and corruption, some of the... -
Embedding the Consumer Duty: Part three – governance challenges
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.... -
Domestic PEPs – what does the FCA review mean for firms?
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... -
Embedding the Consumer Duty: Part two – management of people
‘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... -
Trade Based Financial Crime and Managing the Compliance Risk
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... -
‘Embedding’ the Consumer Duty: Part one - understanding the challenge
What makes the Consumer Duty different to so many of the other regulatory changes which firms have been required to navigate in recent years? Nigel Sydenham delves into how the new Consumer Duty differentiates from other regulatory changes, and why... -
Consumer Duty training – dispatches from the front line
As we approach the implementation date for the new Consumer Duty, it is important to keep in mind the fundamental cultural shift that it represents for retail financial markets. In this article, Michael Sacks shares some training insights and explores... -
How to combat Trade-Based Money Laundering: Podcast
Bruce Viney features in this month's episode of The Laundry as a guest speaker where he discusses how to combat Trade-Based Money Laundering. -
The patterns of AML compliance failures, and what they mean for your own firm
For those working in financial services, it is important to understand how and why enforcement action is taken against firms. This helps us assess our own firm’s AML controls against the key areas of failure highlighted in the cases, and... -
Compliance training – face-to-face or virtual?
Peter Haines discusses the ‘new normal’ in terms of hybrid working, and what this means for a firm’s compliance training programme.