The Payments Association

OCTOBER 11, 2024

Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Neopay

OCTOBER 10, 2024

These letters outline specific expectations for payment institutions, e-money institutions, banks, and building societies. Customer Due Diligence (CDD) controls at onboarding and ongoing monitoring The effectiveness of Customer Due Diligence (CDD) controls remains critical, especially when onboarding new clients.

Due Diligence 52

Due Diligence Fraud Prevention Financial Crimes Compliance 52

The Payments Association

OCTOBER 22, 2024

Payment institutions, e-money institutions and credit unions that issue e-money (together, “Payments Firms”) are required to protect funds received in connection with making a payment or in exchange for e-money issued through safeguarding (“Relevant Funds”). Who is impacted?

Consulting 88

Consulting Rules Treasury Due Diligence 88

Neopay

JUNE 27, 2024

This includes understanding the different types of licenses available, such as payment institution (PI) licenses or electronic money institution (EMI) licenses. Independent audits: Consider engaging independent external auditors to conduct periodic compliance and regulatory audits.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52