Money Laundering/AML

Hargreaves Lansdown has selected Door’s automated solution to ensure it meets all the requirements of the new Consumer Duty, four key customer outcomes set out by the Financial Conduct Authority.

I am just back from a few days in Jersey. Branded a ‘tax haven’ by much of the media, many would assume tax would be a large focus of the financial services industry on the island.

The Financial Conduct Authority (FCA) is investigating five individuals for conspiracy to commit insider dealing and money laundering.

The FCA has fined Al Rayan Bank £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls.

Maltese Bank EECM Bank has been fined €310,217 for anti-money laundering failings.

The UK government has updated its sanctions targeting Russia through its Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022.

The Abu Dhabi Global Market (ADGM) has released its guiding principles on whistleblowing.

The FCA has fined Metro Bank £10,002,300 for breaching the listing rules by publishing incorrect information to investors

You do not have to scroll for long on any social media platform to find a self-proclaimed motivational speaker speaking about failure and how they do not believe in it. “Failure is not an option” is branded around far too regularly.

The Financial Conduct Authority (FCA) has fined Santander UK (Santander) £107,793,300 after finding it has insufficient controls and procedures to prevent money laundering in its business banking accounts.