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| UK & Europe

Three key questions to consider before filling out a SMF 16/17 application

The Compliance Oversight (SMF16) and Money Laundering Reporting Officer (SMF17) are two key Senior Management Functions (SMF) that many FCA-regulated firms must appoint an individual to hold. Recently, the FCA…

| UK & Europe

Payments delay legislation: Balancing speed and security

The Treasury has now enacted the Payment Services (Amendment) Regulations 2024, implementing measures to improve protections against fraud. This provides payment service providers (PSPs) with the ability to delay completion…

| UK & Europe

SMCR five years on

A lot has happened since the Senior Managers and Certification Regime, otherwise known as SMCR, came into force for solo-regulated firms in December 2019. While we wait for updated guidance…

| Global

Evolution of female leadership in risk management and compliance

This article by Liz Berger was featured in the 2024 Risky Women Writing Competition, presented in partnership with Bovill Newgate. She examines the evolving role of women in Governance, Risk,…

| Global

Making a difference: How GRC enables meaningful work

This article by Tina Chugani was an honorable mention in the 2024 Risky Women Writing Competition, presented in partnership with Bovill Newgate. She explores the meaningful impact of GRC professionals, highlighting their…

| UK & Europe

Market Watch 81 places spotlight on incomplete and inaccurate transaction reporting data

In Market Watch 81 the FCA highlighted the ongoing issue of incomplete and inaccurate transaction reports. While the regulator acknowledges the continuing trend of improved data quality since 2018, there…

| UK & Europe

UK Newsletter | November 2024

NEWSLETTER: The new Labour government has officially kicked off its economic growth agenda, with Rachel Reeves making her first Mansion House speech as chancellor this month.  The speech shows that there is…

| UK & Europe

Failure to prevent fraud: Getting operationally ready

The UK Home Office has published guidance on its ‘failure to prevent fraud’ offence, aimed at enhancing corporate accountability in combating fraud. To avoid legal repercussions, firms have until the…

| UK & Europe

Rachel Reeves’ first Mansion House speech suggests change in approach to regulation

During her first Mansion House speech as chancellor, Rachel Reeves said that the government’s approach to regulation would be a critical part of its aim to grow the UK’s economy.…

| UK & Europe

UK Newsletter | October 2024

NEWSLETTER: Hot on the heels of the UK budget, our Ocorian colleagues have been sharing some of their initial reactions, including implications for those with res non-dom status. As we continue…

| UK & Europe

FOS H1 2024 data highlights 40% increase in complaints

The Financial Ombudsman Service has published it’s most recent bi-annual complaints data (January 2024 to June 2024), showing the volume of complaints received from various sectors and the outcome following…

| UK & Europe

Bullying, harassment, and discrimination key pain points in FCA’s NFM survey

The FCA has published the results of a survey covering investment banks, brokers, and insurance firms which found an increase in misconduct allegations between 2021 and 2023. The most prevalent…