In a significant development, the Economic Crime and Corporate Transparency Bill received Royal Assent on October 26, 2023.
Digital Asset Regulation – Part 4 Last year saw at least three high-profile blow-ups in the cryptoasset space (all sourced…
It seems a good time to summarize what we at GDFM would like to see from the regulatory community in 2023 regarding the regulation of digital assets and digital asset service providers. We run a vibrant anti-financial crime practice and the digital asset space interests us as it continues to evolve.
FS firms are increasingly turning to third-party service providers to augment their operating models and leverage the benefits of specialisation whilst supporting digital transformation and innovation. However, the rise of these service providers poses an increase in systemic risks for individual financial services firms and financial market infrastructures.
Daiman Baker and Laurence Parish of GDFM Consulting recently sat down with Richard de Bruijn and Neil McDonald of Compass Partners to collaborate and exchange ideas around the regulation of digital assets.
Daiman Baker and Laurence Parish of GDFM Consulting recently sat down with Richard de Bruijn and Neil McDonald of Compass Partners to collaborate and exchange ideas around the regulation of digital assets.
In this podcast, GDFM and Compass Partners Services discuss expected crypto-related regulation and the impact it may have on digital assets and digital asset service providers.
In this episode, we discuss Third-Party Risk Management (TPRM) and what the recent UK regulatory updates mean for the financial services industry.
Episode 14 (Part 2): Cloning – A Bit Too Up Close and Personal
Episode 14 (Part 1): Cloning – A Bit Too Up Close and Personal
In September 2021, the FCA and the PRA sent a joint letter* to CEOs of firms engaged in trade finance activity to warn them to take action in response to failings identified and to reiterate their expectations of firms when undertaking such activities.
In May 2021, the FCA has send a letter* to retail banks’ CEOs to warn them to take action in response to common control failings identified in anti-money laundering.