FCA Cracks Down on AML Failures: £3.2 Million in Fines for UK Firms
Is anti-money laundering still catching you out? The anti-money laundering movement has been at the forefront of compliance including battling cyber-crime for years, so why is it still a problem to be solved? The FCA has noted a spike in failures in anti-money laundering that shows complacency from regulated firms in the UK. This is […]
LETFs: The Trojan Horse to the everyday Investor
Mis-selling of ETFs is damaging and illegal, but the mis-selling of Leveraged ETFs (LTEFs) has the potential to be far more catastrophic.
Cybersecurity: New Attack on a Scottish Law Firm
How are cyberattacks evolving alongside technology? Cyberattacks are becoming increasingly troublesome, with technology evolving at an exponential rate, so is cyber crime. It seems that our industry is failing to match that evolution with the level of protection we have against the new threats caused by the development of technology. This makes us vulnerable to […]
Navigating EMIR Refit 2024: changes, challenges, and an upcoming deadline
The EMIR Refit timeline You might be wondering what the European Market Infrastructure Regulation (EMIR) Refit is, and the motivations behind it? Regulation (EU) No 2019/834 of the European Parliament and of the Council of May 20, 2019, is what we know as “EMIR Refit”, which was initially put forward with the intention of streamlining […]
Navigating the Maze: What Crypto Firms Should Consider to Be Compliant with the New Financial Promotion Regime.
Over the past year, the UK’s crypto landscape has changed! The Financial Conduct Authority (FCA) implemented more rigorous financial promotion rules for cryptoassets, effective as of October 2023. Further from February 2024 the new legislation for the Financial Promotions Gateway Regime came fully into force.
GDPR Accountability: avoid fines, adherence is easier than you think – Part 2
Despite Art. 5 GDPR referring to data controllers, in practice, the principle of accountability applies equally to processors and controllers of data. Most organisations, including those whose commercial activities are focused on data processing, are data controllers in some way.
SM&CR: Accountability in an AI-enabled World
On the 9th of December 2023, it will be four years since the Senior Management and Certification Regime (SM&CR) became applicable to solo-regulated firms. What has happened since then?
The AI Sliding Scale – A Tool or a Threat?
AI regulation feels unclear to say the least. We seek to delve into what has been done and what is intended to be done so far to prepare for the forthcoming compliance duties that will affect many of us.
Cryptoasset Firms Brought Under UK Financial Promotion Regulations: A Comprehensive Analysis
The rapid growth of the cryptocurrency market over the past decade, with digital assets becoming increasingly mainstream, has caught the attention of regulatory authorities.
GDPR Accountability: avoid fines, adherence is easier than you think – part 1
While updating Leo’s privacy and GDPR governance modules in our RegTech Software we realised that one of the most important principals of GDPR- the principal of accountability is widely misunderstood by many businesses.
