by admin | Oct 23, 2025 | AML & Financial Crime
Executive Summary Safeguarding is the bedrock obligation for UK payment institutions (PIs) and e-money institutions (EMIs). The FCA requires firms to segregate customer money and either: Hold it in a designated safeguarding account with an authorised credit...
by admin | Oct 1, 2024 | AML & Financial Crime
On 7 October 2024, the UK’s financial landscape will undergo a seismic shift with the introduction of the Authorised Push Payment (APP) fraud reimbursement rules.These new regulations, led by the Payment Systems Regulator (PSR), will impose mandatory reimbursement...
by admin | Sep 27, 2024 | Safeguarding & Client Funds
In response to growing concerns about safeguarding practices in the payments and e-money sector, the Financial Conduct Authority (FCA) has published a detailed consultation paper (CP24/20), proposing significant changes aimed at enhancing consumer protection, raising...
by admin | Sep 12, 2024 | AML & Financial Crime, Uncategorized
In a recent letter from the FCA, sent on 1st August 2024, some payments and Emoney firms were reminded of their responsibilities regarding Suspicious Activity Reporting (SAR). As financial crime continues to evolve, regulators have stressed that firms in the payments...
by admin | Aug 8, 2024 | AML & Financial Crime, Uncategorized
Anti-Money Laundering (AML) audits are essential for ensuring that your Payment Services or Emoney firm retains both its licence and its banking relationships. A critical component of these audits is the proper documentation and evidence of internal policies and...
