Regulatory Alerts2018-03-23
Added · Updated
GC18/1: Consultation on financial crime systems and controls
The Prudential Regulation Authority issued consultation paper GC18/1 to gather feedback on proposed guidance regarding financial crime systems and controls. The consultation period ran from March 27, 2018, to June 28, 2018, allowing stakeholders to review the draft requirements. The final guidance was subsequently published on December 13, 2018, to formalize the regulatory expectations for firms.