Blog
Key Trends Facing the Banking Sector in 2024
At our Q1 2024 Banking Regulatory Outlook event, we heard from fscom experts, Rick Seehra, Alison Donnelly and David Norton along with guest speaker, Aris
The key trends shaping the UK payments and e-money sector
What does the regulatory landscape look like for payment and e-money institutions in the UK in 2024? In short, the regulator has imposed a significant
Keeping the funds flowing: how should payment and e-money firms handle prudential risk?
The message from the FCA was clear at fscom’s Payments Regulatory Outlook, as it has been for the previous number of years: keep the money
Navigating ICARA: Key Priorities for Investment Firms in 2024
It has been two years since the Investment Firms Prudential Regime (IFPR) came into force and many firms will have now completed the second iteration
FCA identifies four areas of focus for reducing and preventing financial crime
In this blog, fscom’s Senior Manager, Anna Sweeney summarises the FCA’s recent update on the progress they have made to address its key priority of
Fixing the safeguarding regime to keep the money safe
The message from the FCA was clear at fscom’s Payments Regulatory Outlook, as it has been for the previous number of years: keep the money
fscom partners with Grath to offer enhanced GRC solution
fscom, a premier governance, risk, and compliance consultancy firm to financial service institutions across the UK and Ireland, has partnered with leading regulatory compliance platform
‘Keep the customers’ money safe’ is the top priority for payment and e-money institutions in the UK
The regulator is unlikely to display leniency towards inadequately prepared payments and e-money companies, according to insights shared by fscom at a major industry event
Preparing for the FCA’s Financial Promotions Gateway: Is Your Firm Ready?
Associate Director, Azariah Nukajam discusses the forthcoming deadline which will see a new regulatory gateway through which authorised firms must pass before they can approve
2024 Priorities: PRA’s Dear CEO letter to UK Deposit Takers
Looking at the events of the last year we have seen a bank failure, world shipping disrupted by Houthi rebels and an Icelandic volcano eruption
fscom appoints Nick Owen as Independent Non-Executive Director
FSCom Limited (fscom) a leading governance, risk and compliance consulting firm for UK and Ireland financial services institutions, announces the appointment of Nick Owen as
fscom appoints Rick Seehra as Head of Banking
Leading governance, risk, and compliance consultancy firm, FSCom Limited (fscom) has announced the appointment of Rick Seehra as Head of Banking. With 13 years’ experience
fscom wins big at Compliance Register Platinum Awards
fscom was named ‘Best Consultancy Firm’ in the client-nominated awards, while consultant Heather O’Gorman achieved the ‘Compliance Rising Star’ award and Azariah Nukajam was named
What the Travel Rule means for cryptoasset transfers in the UK
An amendment to the UK Money Laundering Regulations which came into force on 1st September has ushered in additional regulatory requirements for cryptoasset businesses. Firms
Unveiling Key Challenges in Financial Crime Compliance: The Financial Crime Compliance Report 2023
In a world where financial crime is on the rise, staying ahead of the game in anti-money laundering (AML) compliance is paramount for financial services
Qualifying cryptoassets to be brought within the UK financial promotions regime
Head of Investments and Associate Director, Azariah Nukajam discusses the impending deadline which will see cryptoasset firms brought within the UK financial promotions regime, what
What does the Nigel Farage story mean for banks’ requirements to manage PEP risk?
Headlines have been made in recent weeks by the UK bank Coutts Bank’s proposal to exit Nigel Farage as a customer from the bank. Their
The FCA sets out approach to the opportunities and risks of Artificial Intelligence for financial services
In this blog, Senior Manager of the IT and Cyber Risk Team, Will Finn discusses the Financial Conduct Authority’s (FCA) speech on Artificial Intelligence and
FCA CASS Maturity & Resilience: Be confident, not complacent with your CASS capabilities and arrangements
In this blog, fscom’s Senior Manager Julie Tuffrey discusses the crucial role of the CASS regime and how fscom can help firms navigate the complexities
REP018 – Your Key Questions Answered!
In this blog,fscom’s ICT and security expert, Will Finn, takes the time to answer all your key questions in relation to REP018 – the operational and
How To Conduct Crypto and Token Financial Crime Risk Assessments
Cryptocurrencies have exploded in recent years, and criminals have noticed. $3.5 billion was laundered through cryptoassets in 2020, bringing a heightened regulatory focus and new
fscom appoints Heather O’Gorman as Associate Director in the Payments Team
FSCom Limited (fscom), a leading specialist governance, risk, and compliance consultancy in the UK and Ireland, is pleased to announce the appointment of Heather O’Gorman
How to prepare for your IT security audit
Hearing the word “audit” can raise the blood pressure of any financial services company’s chief information technology officer or chief risk officer. But voluntarily undergoing
Are you ready for the Consumer Duty? 10 tips from our Readiness Roundtable
Financial services firms in the UK have until 31st July to implement the new Consumer Duty rules from the Financial Conduct Authority (FCA). fscom’s experts recently held
Paynetics UK receives EMI licence from the FCA
We are delighted to congratulate our client, Paynetics UK on receiving its Electronic Money Institution (EMI) licence from the UK’s Financial Conduct Authority (FCA). Paynetics
How UK investment management firms should prepare for the Consumer Duty as implementation deadline approaches
There are only three months to go until the deadline for firms to implement the new Consumer Duty. Addressing these requirements is top
Managing your responsibilities in the ever-changing world of “Sanctions”.
Sanctions against companies and individuals are constantly changing and the pace of change over the last 12 months has been unprecedented. A major reason is
Consumer protection in focus as FCA publishes its Business Plan for 2023/24
The Financial Conduct Authority (FCA) has just published its Business Plan for 2023/24. In this blog, we explore what that means for financial services firms
10 trends to watch: fscom report analyses the UK’s regulatory outlook for 2023
The UK’s regulatory landscape is expected to change significantly as the Financial Conduct Authority (FCA) brings in new requirements for payments and e-money firms in
Let’s meaningfully instigate change this International Women’s Day
In this blog HR Director, Jill Michael talks about the ways in which businesses acknowledge tomorrow’s International Women’s Day. Jill says as much as it is
