| Link(s): | CP24/9: Financial Crime Guide updates | FCA CP24/9: Financial Crime Guide updates (fca.org.uk) |
Context
The FCA is proposing updates to its Financial Crime Guide in relation to sanctions, proliferation financing and transaction monitoring. It also proposes to add references to cryptoassets and the Consumer Duty, along with consequential changes throughout the Guide.
Key points to note and next actions
The changes to the guide are intended to:
- help firms understand what we expect
- help firms assess the adequacy of their financial crime systems and controls
- remedy deficiencies in the existing guidance
Firms that wish to comment on the Consultation Paper must do so by 27 June 2024.