Regulatory Alerts2020-08-21
Added · Updated
PS21/4: Extension of Annual Financial Crime Reporting Obligation
The Financial Conduct Authority issued Policy Statement 21/4 to extend the annual financial crime reporting obligation to a broader range of regulated firms. This requirement mandates affected entities to submit comprehensive reports detailing their financial crime risks, internal controls, and operational outcomes each year. The policy finalizes the consultation proposals from CP20/17 and establishes clear compliance timelines and enforcement expectations for the expanded reporting regime.
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