fscom News and Events

fscom Appoints New Head of Financial Crime

[fa icon='calendar'] 09-Feb-2018 10:13:06 / by fscom Team posted in FINTECH

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We're delighted to welcome Karen Vickers as our new Head of Financial Crime. 

In her new role, Karen will be responsible for managing our rapidly growing client base, advising them on how to meet their legal and regulatory obligations in respect of financial crime, including anti-money laundering, sanctions terrorist financing and anti-bribery and corruption.

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Comply or Die: How compliance audits can help FinTechs survive

[fa icon='calendar'] 08-Feb-2018 16:37:51 / by James Borley posted in 4MLD, PSR Audit, EMR Audit, Payment services, FINTECH

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‘Compliance’ is the watchword in financial services, perhaps more now than ever. With new rules and regulations being introduced across Europe, most notably 4MLD, MiFID II, PSD2 and GDPR, Heads of Compliance across multiple industry verticals are now under major pressure to ensure their processes and procedures are up to date, adequate and compliant.

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Meeting the InfoSec demands of PSD2 and GDPR

[fa icon='calendar'] 31-Jan-2018 10:00:00 / by Greg James posted in PSD2, E-money, Compliance, Payment services, GDPR, FINTECH

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A new year; a new payments landscape?

[fa icon='calendar'] 12-Jan-2018 23:40:13 / by Alison Donnelly posted in PSD2, E-money, FCA, Payment services

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To some, 13 January and the implementation of the second Payment Services Directive (PSD2) will be a significant milestone in their business’s path. They will be joining the community of the regulated financial services sector, which means that their owners and managers take on significant additional liability and are subject to a new level of scrutiny. They will have to meet certain standards and requirements ranging from the information they must give their customers to the type of insurance they must hold (in the case of the payment initiation and account information service providers) to how they treat client money (for authorised payment and e-money institutions and small e-money institutions).

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MiFID II: stay focussed and keep perspective

[fa icon='calendar'] 02-Jan-2018 22:08:06 / by Alison Donnelly posted in FCA, Compliance

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The second Markets in Financial Infrastructure Directive (MiFID II), and its accompanying regulation the Markets in Financial Infrastructure Regulation (MiFIR), are set to take effect tomorrow (3 January 2018) – some four and a half years after first being approved by the Council of the European Union (and after a year-long delay intended to allow for the development of the complex technical infrastructure required by firms for compliance with the incoming changes).

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PSD2 spells the end of surcharges

[fa icon='calendar'] 22-Dec-2017 15:16:41 / by Alison Donnelly posted in PSD2, E-money, Compliance, Payment services

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When does a great deal turn out to be not such a great deal? When a credit card surcharge is added right at the end. Such hidden surcharges will be a thing of the past, mostly, come mid-January when the second Payment Services Directive (PSD2) is implemented.

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The RTGS game changer for payment and e-money institutions

[fa icon='calendar'] 09-Dec-2017 16:58:42 / by Alison Donnelly posted in Payment services

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Following on from my previous blog post, where I looked at the UK’s current and future payments architecture, one of the most interesting developments identified at the Project Regulator event that could be a game changer for payment and e-money institutions concerns the UK’s interbank real time gross settlement (RTGS) system.

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fscom Appoints Leading Payment Services Regulator as Head of Assurance

[fa icon='calendar'] 03-Dec-2017 21:10:41 / by fscom Team

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Improving the UK's payment systems

[fa icon='calendar'] 20-Nov-2017 09:53:52 / by Alison Donnelly posted in E-money, Compliance, Payment services

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Last week, Project Regulator, which I lead on behalf of the Emerging Payments Association, hosted a special briefing on the new payments architecture organised by the inspirational and indefatigable, Anne Pieckielon, Director of Product and Strategy at bacs.

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Trouble in paradise? The AML failings of the Paradise Papers leak

[fa icon='calendar'] 16-Nov-2017 16:35:36 / by Stephen Stewart posted in Compliance, Risk Assessments

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If you’ve been following the news over the past week or so you’ll no doubt be aware of the latest dossier on leaked information – titled the Paradise Papers – from the International Consortium of International Journalists (ICIJ).

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