Topic: UK FCA

Binance operations in UK concerning, says FCA

The UK’s financial watchdog has said it has “limited powers” to object to a partnership that will see banned crypto firm Binance able to operate in the UK again.

23 February 2022

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 2022

FCA ups rigour for crypto applications despite backlog

The UK’s regulator will take a more “forensic” approach to crypto licensing amid a pileup of unreviewed applications, chief executive Nikhil Rathi told a UK parliamentary committee.

13 December 2021

Kleptocracy in the UK: regulation and lawyers at fault, report says

Despite progress on paper, the UK remains a safe haven for dirty money and kleptocrats, a Chatham House report says, recommending the country follow the United States’ lead in reporting all transactions of politically exposed persons.

09 December 2021

FCA proposes banning Greensill-style “regulatory hosting”

The UK’s Financial Conduct Authority has proposed banning regulatory hosting regimes, used by the now-collapsed supply chain finance group Greensill to operate in the UK without a banking licence, saying the scheme is causing a “wide range of harm”.

06 December 2021

COP26 Finance Day: regulation round-up

Regulators and central banks have issued more climate-related commitments to coincide with COP26’s finance day, including preparations from the United Kingdom for becoming the world’s first “net-zero aligned finance centre” and the IFRS announcing plans for a single standard for sustainability disclosures.

04 November 2021

NatWest admits criminal money laundering failures

NatWest faces a £340 million fine after the UK lender pleaded guilty in a London court to breaching anti-money laundering regulations between 2012 and 2016.

11 October 2021

Singapore goes SPAC to basics

The Singapore Exchange is rolling out easier guidelines for special purpose acquisition companies, making it the first major bourse in Asia to list blank cheque companies.

06 September 2021

Binance "not capable" of being effectively supervised, FCA says

The UK’s Financial Conduct Authority has said that cryptocurrency exchange Binance is “not capable” of being effectively supervised and poses “significant risk”, after it revealed the platform had skirted standard information requests over the last year.

26 August 2021

UK firms “not fully aware” of AML requirements as FCA cracks down

Almost one in ten UK-based firms are not completing key financial crime risk assessments and do not have the necessary resources and staff to cope with impending reporting requirements, a report has found.

24 August 2021

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