Monitoring and Compliance

Advice Hub
Managing Compliance Recording

The City Regulator has been tough on issuing fines for compliance recording in the last few years. In fact, they have issued fines for several reasons ranging from compliance recording, misreporting of transactions and anti-money laundering failings. It’s a volatile world out there, and the failure to manage risk appropriately for many financial institutions has been costly. Let’s set the scene. According to the Guardian, the City regulator imposed more fines on companies in the first half of 2019 than...

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