• Matthew Mason

Compliance Briefing Updates: April - June 2017


Every quarter we issue a Compliance Briefing Update to ensure you stay informed of the industry's news and updates. This quarter we cover regulatory sanctions, regulatory developments and regulatory reviews and industry publications (See below for more detail). Please click here to download the full briefing.

Regulatory Sanctions

  • FCA bans and fines two individuals for market abuse

Regulatory Developments

  • GC17/2: Guidance on the treatment of politically exposed persons under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.

  • GC17/2: Guidance on the treatment of politically exposed persons under the Money Launder, Terrorist Financing and Transfer of Funds Regulations 2017

  • JMLSG proposes revisions to Part I, II and III of its guidance

  • Limitations on debt permissions

  • Standards of Lending Practice for business customers published

  • CP17/10: Credit card market study: consultation on persistent debt

  • FCA publishes new webpage on durable medium

  • PS17/9: Guidance on the duty of responsibility

Regulatory Reviews and Industry Publications

  • Wolfsberg Group guidance on PEPs

  • Collections staff regularly dealing with suicidal customers

  • Financial exclusion: House of Lords Select Committee report

  • National Audit Office report on vulnerable consumers

  • FCA publishes business plan 2017/18 and sector views

  • FCA published first set of data under new complaints rules

  • FCA launches new features for searching the Handbook website

  • Consumer Rights Directive review: European Commission Report

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