Tag Archives: fatf

KYC and AML – Suitable for all firms with AML responsibilities

The UK is among the world’s largest and most open economies, whose strength is based on extensive and productive relationships around the world. Government Ministers have the responsibility for national security and financial services, so they want the UK to continue to be a desirable country for legitimate business and a leading global financial centre. But they also recognise that the UK’s openness and standing as a global financial centre exposes it to the risk of illicit financial flows.

AML – New Entrant Programme – Suitable for all firms with AML responsibilities, i.e. Estate Agents etc

The UK is one of the world’s largest and most open economies, whose strength is built on extensive and productive relationships across the globe. Ministers have the responsibility for national security and financial services, so they want the UK to continue to be an attractive country for legitimate business and a leading global financial centre. But they also recognise that the UK’s openness and status as a global financial centre exposes it to the risk of illicit financial flows.

Updated FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

In March 2018, the FCA published its consultation paper (CP18/6) on its proposed approach to the execution of the European Banking Authority’s (EBAs) final guidelines on security precautions for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf. Overall, the documents do not […]

Updated FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

During March 2018, the FCA circulated its consultation paper (CP18/6) on its proposed approach to the execution of the European Banking Authority’s (EBAs) final guidelines on security procedures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf. Altogether, the documents do not […]

Brand-new FCA proposals on operational and security risk management by Payment Services Providers (PSPs)

In March 2018, the FCA published its consultation paper (CP18/6) on its proposed approach to the execution of the European Banking Authority’s (EBAs) final guidelines on security strategies for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf. Generally, the documents do not […]