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
