fscom News and Events

18 days to go! REP018 - Are you ready?

[fa icon='calendar'] 14-Dec-2018 08:04:00 / by Alison Donnelly posted in Risk Assessments, Payment services, PSD2

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Countdown to REP018 - 31 December 2018

[fa icon='calendar'] 23-Nov-2018 08:46:00 / by Alison Donnelly posted in Risk Assessments, Payment services, PSD2

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REP018: Can you refresh my memory?

[fa icon='calendar'] 09-Oct-2018 11:00:00 / by Stephen Watkins posted in Risk Assessments, Payment services, PSD2

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Discussing reporting obligations with our payments clients recently has revealed a lack of awareness of REP018, a report driven by the requirements of the second payment services directive (PSD2). PSD2 included Article 95(2), which requires payment services providers (PSPs) to report to the competent authority with an operational and security risk assessment. So, what is REP018 and why has it caught so many by surprise?

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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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The common pitfalls and failures of AML risk assessments

[fa icon='calendar'] 29-Aug-2017 13:47:58 / by Mike Southgate posted in 4MLD, Compliance, Risk Assessments

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Risk assessments have been a part of the EU Anti Money Laundering landscape for some time now and while 4MLD brought to the fore the need to have documented risk assessments, they are by no means a new concept.

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