Regulatory Alerts2024-11-29
Added · Updated
PS24/17: Financial Crime Guide updates
The FCA publishes final guidance updating the Financial Crime Guide to reflect feedback from consultation CP24/9, affecting all firms supervised for financial crime and those under the Money Laundering Regulations 2017. The revisions amend specific chapters to clarify sanctions reporting and screening, explicitly reference proliferation financing risk assessments, and set guidance for transaction monitoring and cryptoasset businesses. The update also aligns systems and controls with the Consumer Duty and incorporates consequential changes such as updated case studies and references to the Economic Crime and Corporate Transparency Act 2023.