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Failure to prevent fraud: what compliance officers need to know
With the 'failure to prevent fraud' offence now in force, an additional burden rests on compliance functions to ensure that firms have reasonable procedures in place to counter relevant risks. Charlotte Hill outlines the scope of the new offence, lessons from parallel legislation and practical steps to implement.
Online Published Date:
01 October 2025
Appeared in issue:
Vol 38 No 2 - 01 October 2025
New EU body steps up AML regulatory evolution
A coordinating European agency is to tighten supervision and raise standards for anti-money laundering compliance across member states. Ted Datta explores the substantial implications for many UK-based financial institutions.
Online Published Date:
01 October 2025
Appeared in issue:
Vol 38 No 2 - 01 October 2025
Conflicts of interest and other supervisory priorities for wholesale firms
The regulator has published feedback on its multi-firm reviews into share buybacks, gifts and entertainment, off-channel communications, transaction governance, along with client asset arrangements. Denis O'Connor discusses discrepancies and lessons from the findings.
Online Published Date:
01 October 2025
Appeared in issue:
Vol 38 No 2 - 01 October 2025
Regulators clamp down on "misleading" motor finance claims managers
The FCA has joined with three other regulators "to tackle misleading advertising and inadequate information" from law firms and claims managers specialising in motor finance agreements.
Online Published Date:
06 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025
Cost of £933 per contract expected for motor finance compensation
The FCA's proposed redress scheme for motor finance agreements would cost an average per contract of £700 in compensation and an extra £233 to administer.
Online Published Date:
08 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025
Sustainability reporting: to comply, or to lead?
Europe's Corporate Sustainability Reporting Directive is not merely another regulatory burden; by elevating sustainability to the top levels of corporate governance, compliance can be integrated in ways that offer strategic value. Analysing reports of many of the region's largest companies, Mario Wernly and Johanna Tensi discuss what distinguishes the best reporters as well as the operational and business benefits.
Online Published Date:
14 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025
FCA prepares path for instant dealing through blockchain for authorised funds
The regulator has published proposals for 'Direct to Fund', an alternative means of dealing in authorised funds, through blockchain DLT (distributed ledger technology) which could be cheaper than traditional ways of running funds and offering them to the retail sector.
Online Published Date:
14 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025
BlueCrest and FCA settle $101m redress scheme, public censure but no fine
BlueCrest Capital Management have agreed a US$101 million redress arrangement with the Financial Conduct Authority and a public censure after a four-year dispute with the regulator which, in 2021, held it responsible for conflict of interest failings in the way it managed a retail fund.
Online Published Date:
14 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025
FCA identifies steps firms could take to stem growing trend of romance fraud
Firms could become more effective in tackling romance fraud if they followed the current best practice, according to the findings of an FCA review.
Online Published Date:
17 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025
FCA appointed to AML/CTF supervision across the professions
The FCA has won the support of HM Treasury to consolidate under the regulator responsibility for supervising all Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) measures across accountancy, legal, trust, company services and "potentially" other sectors, including estate and letting agencies.
Online Published Date:
21 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025
Regulators launch post-Sandbox 'Scale-Up Unit' to help high-flying firms
The FCA and PRA are launching a shared specialist department in Leeds that will provide a single point of contact for "fast-growing, innovative" firms covering regulatory processes, product development, the impact of new policy and sector engagement.
Online Published Date:
24 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025
Motor finance lenders face £11bn redress costs
The motor finance industry is likely to spend around £8.2bn in compensation and £2.8bn to implement the regulator's proposed scheme for borrowers stung by undisclosed high commission deals. Adam Samuel unpacks the process and worries there are too many loopholes.
Online Published Date:
31 October 2025
Appeared in issue:
Vol 38 No 3 - 01 November 2025