On 10 June Nikhil Rathi, the FCA’s CEO, appeared before the Treasury Select Committee. The opening volley of questions was focused on the risks presented by illegal financial promotions on social media and, relatedly, the...more
6/23/2025
/ Consumer Protection Laws ,
Enforcement ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Promotions ,
FinTech ,
Fraud ,
Influencers ,
OFCOM ,
Online Platforms ,
Regulatory Requirements ,
Social Media ,
UK
After a flurry of AI-related papers from the previous UK Conservative government and regulators in 2023 and the first half of 2024 (and the establishment of the UK’s AI Safety Institute and the AI Policy Directorate),...more
As financial crime risks evolve, including those risks posed by the use of AI and other emerging technologies, so too must firms’ financial crime compliance response. It is unsurprising, therefore, that AI forms part of both...more
1/31/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
FinTech ,
Machine Learning ,
Popular ,
Regulatory Requirements ,
Risk Management ,
Third-Party ,
UK