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
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
Fraud now accounts for 40% of crime in England and Wales. However, in this era of strained public finances, and the often international dimension to consumer fraud, the Government’s approach has often been to look to the...more