Motor finance litigation is moving forward. Is your operation ready?
For all the attention on motor finance over the past couple of years, much of the conversation has focused on legal judgments, regulatory developments and what any future redress arrangements might look like. But while firms have been watching those developments slosely, claimant activity hasn’t stood still. The recent Court of Appeal ruling allowing thousands of motor finance claims to continue […]
Citywire: Platforms tighten AML controls as FCA expectations rise
A recent Citywire article highlights how investment platforms are strengthening anti-money laundering (AML) controls as regulatory scrutiny increases. More firms are moving away from relying solely on advisers for customer due diligence and are introducing their own identity verification and AML screening processes. The article points to SS&C Hubwise’s move to a non-reliance model, reflecting a wider […]
What the FCA’s partial suspension of the motor finance scheme means for firms
The FCA’s motor finance compensation scheme was partially suspended on 2nd July 2026 following a decision from the Upper Tribunal, while challenges from four commercial parties (Consumer Voice, represented by Courmacs Legal, Volkswagen Financial Services, Mercedes Benz Financial Services and Crédit Agricole Auto Finance) are heard. The challenges are expected to be considered by the Upper Tribunal either between 14th–18th December […]
FPS: Fragmented financial crime oversight creates risks
The scale and complexity of the threat continue to grow. The Office for National Statistics estimated around 4.2 million fraud incidents in the year ending March 2025, a 31% increase on the previous year. Momenta’s CEO, Joe Norburn, has been featured in the Fraud Prevention Summit article, highlighting how fragmented financial crime oversight is creating new risks for […]
Financial crime controls after the FCA review: Five priorities for insurers
The FCA’s recent review of insurers’ financial crime controls highlights important findings for retail, wholesale, and life insurance firms. A selection of the largest firms were asked to submit documents in response to 38 questions across ten groups of financial crime controls. Overall, the regulator found that financial crime frameworks are generally in place but not always sufficiently embedded in practice. For insurers, the challenge is therefore to demonstrate that […]
Business & Accountancy Daily: Fragmented controls raise financial crime risk for firms
Recently featured in Business & Accountancy Daily, Joe Norburn, CEO at TCC Group (TCC & Momenta), highlights how financial crime has evolved beyond a compliance function into a system-wide operational challenge. As fraud, scams and money laundering become increasingly interconnected, many firms continue to manage risk through fragmented structures, with some teams operating across disconnected […]
Financial crime controls in a system-wide risk environment
Financial crime is no longer confined to individual firms. As fraud, money laundering, sanctions evasion and cyber threats become increasingly interconnected, regulators expect firms to demonstrate that controls deliver real-world outcomes. This requires a shift towards intelligence-led, system-wide risk management and the ability to adapt quickly as threats evolve. The FCA is raising expectations for how firms […]
European Business Magazine: Financial crime needs a team sport approach
Recently featured in European Business Magazine, Joe Norburn, CEO at TCC Group (TCC & Momenta), highlights that financial crime is no longer a siloed compliance issue but a system-wide risk. As fraud, scams and money laundering become increasingly interconnected, firms are still responding through fragmented operating models, with responsibility split across teams, systems and data. […]
Why governance is the make-or-break factor for digital banks in Australia
Australia’s digital banking market is mature, highly regulated and difficult to scale. In this environment, governance is not a later-stage consideration but a core condition of sustainable growth. As APRA, ASIC and AUSTRAC continue to raise expectations around accountability, risk and control, institutions need frameworks that are designed to support scale from the outset. A digitally mature […]
AML Tranche 2 Reforms in Australia: what professional services firms need to do now
Australia’s AML Tranche 2 reforms bring lawyers, accountants, real estate and other professional services firms into scope for AML/CTF regulation. The priority now is to identify designated services, embed risk-based controls, and show clear governance. Readiness depends on whether your approach works in practice and stands up to regulatory scrutiny. Australia’s AML Tranche 2 reforms are often framed as […]