Archives: Conduct, practice and risk management

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SRA – AML

December 2024/January 2025 | Conduct, practice and risk management

On 30 October 2024 the SRA released its AML Annual Report 2023-24 and it should be required reading for all SRA regulated firms. In the last year the SRA has submitted 23 suspicious activity reports, performed 237 proactive inspections and 258 desk-based reviews, and brought enforcement action against a combined total of 78 firms and …

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Banks – delay payments

November 2024 | Conduct, practice and risk management

All practitioners should note new powers designed to combat fraud that the Treasury announced on 3 October 2024. From the end of October 2024, banks will have new powers to delay and investigate payments that are suspected of being fraudulent. Banks can delay payments by 72 hours where there are reasonable grounds to suspect a …

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