What the FCA expects from payments: fighting financial crime

In this session of our bitesize webinar series for payments and e-money firms, we looked at the FCA’s expectations when it comes to preventing financial crime.

The FCA’s Dear CEO letter earlier this year said firms should be taking action to identify and address weaknesses in their systems and control when it comes to managing AML and fraud risk. In this 30-minute session, we were joined by our financial crime expert, Nick Barratt, who walked through what the regulator is looking for and highlighted some real-life examples.

We covered:

• what an effective risk assessment looks like
• effective approaches to customer due diligence
• the pros and cons of technology in this area.