Increasing FCA scrutiny and heightened expectations around financial crime compliance are creating new challenges for firms operating within the UK financial services landscape. Understanding whether a business falls within the scope of the FCA's anti-money laundering registration regime, and ensuring that compliance frameworks remain robust, is essential for managing risk and meeting regulatory expectations.
Produced by our Financial Regulatory team, our latest spotlight explores the intense regulatory focus on Annex 1 financial institutions that are subject to FCA supervision for anti-money laundering purposes. The guide examines key areas of FCA scrutiny, common compliance pitfalls, and the practical steps firms should be taking to ensure their AML policy, risk assessment, governance and controls remain fit for purpose.
Click on the image below to download the spotlight and learn more about the FCA's approach to Annex 1 firms and the steps businesses should be taking to remain compliant.
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