Fca financial crime guide part 2

Looking for a fca financial crime guide part 2 online? FilesLib is here to help you save time spent on searching. Search results include file name, description, size and number of pages. You can either read fca financial crime guide part 2 online or download it to your computer.

Financial crime: a guide for firms Part 1: A firm's guide to preventing financial crime Contents 3 About the Guide 6 1 Introduction 7 2 Financial crime systems and controls 10 Box 2.1 Governance 11 Box 2.2 Structure 12 Box 2.3 Risk assessment 13 Box 2.4 Policies and procedures 14 Box 2.5 Staff recruitment, vetting, training and awareness 15 The number of SARs reported to the National Crime Agency (NCA) has increased, from 394,048 in 2017/2018 to 480,202 in 2019/2020 (c.22% increase) [ see paragraph 3.4 ]. The number of firms reporting automated sanctions screening is increasing year on year, with a 16.5% increase over these 3 reporting periods. In March 2021, the UK's Financial Conduct Authority (FCA) published the Extension of Annual Financial Crime Reporting Obligation, Policy Statement PS21/4 (PS21/4). Formally concluding the consultation process initiated by the FCA in August 2020, PS21/4 brings cryptoasset businesses, in addition to other businesses, into the scope of annual "REP-CRIM" reporting. On December 13, the UK Financial Conduct Authority (FCA) published finalized guidance on financial crime systems and controls relating to insider dealing and market manipulation (FG18/5). Part 2 of the Financial Crime Guide has been renamed as "Financial Crime Thematic Reviews" (FCTR). The updates in FCG include material on customer due On 28 January 2022, the Financial Conduct Authority (FCA) published guidance regarding its expectations for competency and capability of heads of compliance and Money Laundering Reporting Officers (MLROs). The guidance forms part of a series of guidance notes related to "approved persons" under the Senior Managers and Certification Regime and encourages firms to ensure that "approved