Financial Action Task Force (FATF) – Update to the Grey-List
The Financial Action Task Force (FATF) announced the removal of the following countries from the grey-list Burkina Faso Mozambique Nigeria South Africa For further details about the recent update on...
View ArticleSpotlight on recent FCA enforcement action and guidance
The FCA has recently fined Monzo Bank Ltd for its inadequate systems and controls which resulted in it failing to identify suspicious activity. In particular, Monzo failed to operate adequate customer...
View ArticleHMT (OFSI) Guidance: Moving to a single list for UK sanctions designations
UK designations are currently detailed in 2 lists, the UK Sanctions List (UKSL), published by the Foreign, Commonwealth and Development Office and the Consolidated List of Asset Freeze Targets,...
View ArticleThe UKFIU has published the three new SARs Best Practice Guidance documents:
Chapter 1: Using the SAR Portal Chapter 2: Submitting a SAR Chapter 3: Understanding DAMLs and DATFs The updated guidance, together will all other UKFIU products, can be accessed via the NCA website...
View ArticleConsultation on Electronic Documents and Remote Appearance – Code of Practice
The Faculty Office is consulting on two new chapters to its Code of Practice: Electronic documents and electronic notarial acts. Remote appearance (ie conducting notarial acts using video conference...
View ArticleSingle List for UK Sanctions Designations
From 09:00 GMT on Wednesday 28 January 2026, the UK government will move to a single sanctions list. The UK Sanctions List (UKSL) will become the only official list containing all UK sanctions...
View ArticleSupervision of Conveyancing and Probate – Consultation on Rule Change
The Faculty Office issued a call for evidence in February 2024 to consider whether the level of supervision for new notaries who wish to practice in conveyancing and in wills, probate and...
View ArticleFirst Tier Complaints Report
The Legal Services Board (LSB) defines a complaint an “oral or written expression of dissatisfaction, which alleges that the complainant has suffered (or may suffer) financial loss, distress,...
View ArticleHM Treasury AML/CTF Survey
HM Treasury is inviting firms subject to AML regulations to complete a brief online survey in preparation for the UK’s 2027 mutual evaluation by the Financial Action Task Force (FATF). FATF sets...
View ArticleFATF Horizon Scan – AI and Deepfakes
The Financial Action Task Force (FATF) has recently published a horizon-scanning report, which provides a forward-looking perspective if current and potential Artificial Intelligence and Deepfake...
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