Author
Luke Patterson
Internal Audit Partner, Payments
Welcome to our Payments and E-money regulatory update – your overview of the latest regulation, financial crime and tax developments in the sector.
We hope our insights support your firm’s activities and that this update, along with future quarterly updates, exploring the coming year’s key risks and regulatory developments will help you to appropriately evolve annual plans.
The government has recently launched a review and Call for Evidence on how UK payment regulation should evolve, so we will share more about the developing landscape over the coming months.
Our quarterly regulatory update is aimed at senior leaders across compliance, risk and regulatory roles within Payments & E-money firms. It is designed to help you keep informed across a wide range of different issues from all the main regulators overseeing the Payments & E-money industry.
In the latest edition of our Payments & E-money update you will find:
Internal Control Frameworks
Digital Update – AI and Machine Learning
Consumer Duty Update – Preparing for the Board’s first annual review
Economic Crime Update - Wolfsberg Principles for Auditing Financial Crime Risk Management
Fraud Update – Is it time to combine fraud risk and anti-money laundering controls?
ESG Update – Anti-greenwashing
Global Regulatory Priorities Part 1 – Ireland
We provide audit and assurance, tax and advisory services to the Payments & E-money sector. Our advisory services cover cyber-security, outsourced finance and accounting, governance, risk management, internal audit, compliance, and regulatory advice. We can guide you through the demanding regulatory environment that typifies the market as well as helping you with any other business challenges you face.
Please get in touch you’d like to discuss how your firm should respond to any of the issues highlighted in this update or if you want to know more about our services to the Payments & E-money sector.
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Luke Patterson