Deferred Payment Credit (“DPC”) agreements – those Buy Now Pay Later (“BNPL”) agreements not currently subject to regulation – will be brought under the umbrella of FCA regulation from 15 July 2026.
On 28 May 2026, the Financial Conduct Authority (FCA) published a report outlining its findings from a review of sanctions systems and controls across FCA-supervised firms. The report, aimed particularly at Money Laundering Reporting Officers (MLROs), nominated officers, and compliance professionals, highlights examples of both effective and ineffective practices, alongside areas where firms may need to improve. The findings are intended to help all FCA-authorised or registered firms strengthen their compliance with UK sanctions legislation
As a junior accountant, you are likely already comfortable with the core technical principles that support your role. Much of your day‑to‑day work is shaped by financial reporting obligations and the need to comply with accounting standards. These are the expectations most junior accountants encounter early on, and many develop a practical understanding of them as they begin their careers.
The FCA has recently released its newsletter ‘Enforcement Watch 1’ (‘EW1’) – a new online publication providing legal practitioners and others involved in the financial services industry an invaluable insight into the regulatory body’s enforcement priorities, aims and policies.
HM Treasury has published a draft statutory instrument which, when brought into force, will introduce a new regulatory regime for cryptoassets in the UK.
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