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Putting MLD IV into Practice: a Checklist

Putting MLD IV into Practice: a Checklist   This week MLROs.com, the AML trade body, hosted a conference at the London offices of the law firm of Gordon Dadds. Delegates received a good grounding in the preventive measures required by the...

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Steward Explains FCA’s Uptick in Investigations

Steward Explains FCA’s Uptick in Investigations   Mark Steward, the Financial Conduct Authority’s head of enforcement and market oversight, talked about the investigations that usually precede enforcement actions. He reiterated the...

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Conference Report: How to Approach the GDPR for the First Time

Conference Report: How to Approach the GDPR for the First Time   At the latest MLROs.com conference in London, delegates examined the European Union’s General Data Protection Regulation and what it meant for compliance people at financial...

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OFSI Publishes Quick Guide to Sanctions

OFSI Publishes Quick Guide to Sanctions   OFSI has published a quick guide to UK business’ obligations under financial sanctions requirements. The material is not new, but repackages some existing guidance on: complete general guidance –...

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FCA Makes New Rules

FCA Makes New Rules FCA’s latest Handbook Notice confirms it has made rules amending: TC to update the qualification table COBS and MCOB in respect of the smarter communications initiative, in particular to address the risks of over-disclosure...

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Update from the Bank of England and the Payment Systems Regulator on New Payment Systems Operator

Update from the Bank of England and the Payment Systems Regulator on New Payment Systems Operator   In a joint press release issued today, the Bank of England (BoE) and The Payment Systems Regulator (PSR) announced that a New Payment Systems...

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OFSI Updates Frozen Assets Reporting Forms

OFSI Updates Frozen Assets Reporting Forms   OFSI has published an updated webpage with a new template for the annual frozen asset review and reporting form.     This article was first published by Emma Radmore on Financial...

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Deutsche Bank CEO Gets Brutally Honest About What Automation is Going to do to Banking Jobs

Deutsche Bank CEO Gets Brutally Honest About What Automation is Going to do to Banking Jobs   Technology threatens jobs in many industries, but one bank chief is already predicting that “a lot of people” in his industry will see...

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Barclays Whistleblowing Chief to Quit as Staley Questioned Again

Barclays Whistleblowing Chief to Quit as Staley Questioned Again   The head of whistleblowing at Barclays is to leave the bank, months after regulators began an investigation into an attempt by its chief executive, Jes Staley, to unmask an...

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Wells Fargo Reveals More Fake Accounts

Wells Fargo Reveals More Fake Accounts   US bank Wells Fargo says as many as 3.5 million accounts may have been created for customers without permission over about eight years, even more than previously acknowledged. The 1.4 million additional...

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