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 […]

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 […]

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 […]

AI in financial services: capability, control and oversight

From AI adoption to accountability AI adoption across financial services is no longer a future‑facing ambition. For many firms, it is already embedded in customer interactions, onboarding, monitoring, fraud detection and decision support. What began as tightly scoped experimentation has moved quickly into operational reality, often at speed and scale.  What is changing is not the pace […]

FCA 2026/27 Work Programme: data, outcomes and financial crime focus

The FCA has published its Annual Work Programme for 2026/27, outlining how it plans to deliver against its 2025–2030 strategy. This is the second edition of the FCA’s Annual Work Programme.  While many themes may feel familiar, the programme sends a clear signal of where the supervisory focus will be over the coming year, making it imperative for firms to review the programme, address gaps […]

Navigating financial crime compliance in a changing regulatory landscape

2026 marks a pivotal year for financial crime compliance in the UK. Following the HM Treasury’s consultation, the government has confirmed that the FCA will become the single anti-money laundering and counter-terrorist financing (AML/CTF) supervisor for professional services – taking on oversight of law firms, accountancy firms and trust company service providers. This replaces the current fragmented system where a mix of professional body supervisors and multiple public authorities share responsibility for AML/CTF supervision. While full […]

Always Finance News: 2026 the year the FCA demands proof, not promises

Recently featured in Always Finance News TCC Group (TCC, Momenta and Recordsure), 2026 will see the Financial Conduct Authority place greater emphasis on evidence over intent, shifting to more targeted, data-led supervision while maintaining a pro-growth stance. Firms that can clearly demonstrate strong governance, fair customer outcomes and effective risk controls may benefit from lighter reporting, but scrutiny […]

Contact Centre Briefing: Pure protection in focus

TCC recently featured in Contact Centre Briefing, where TCC Group (TCC, Momenta and Recordsure) CEO Joe Norburn discussed the implications of the FCA Market Study into pure protection. Launched in 2024, the review signals increasing regulatory focus on fair value, transparency of commission structures and how customers access protection products, with early findings highlighting both improved claims outcomes and ongoing issues such […]