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...
by admin | Mar 18, 2022 | FCA Licensing & Regulatory Applications, Uncategorized
Since July 2020, the Financial Conuct Authority (FCA) have been mandating that Payment Service Providers (PSPs) have wind down plans (WDPs) in place as a condition of authorisation. Even though it has been nearly two years since this requirement was implemented,...
