A number of the members of our Financial Services team in London have experience of working at the Financial Conduct Authority and in our latest briefing note, they discuss the insights that their different experiences at the regulator have provided and how we translate that to advising clients across the full spectrum of financial services
risks
FMSB Spotlight review: The 3 Lines Model: A lens on risk management frameworks

By Fiona Burke on
On 8 June 2023, the Financial Market Standards Board (FMSB) published a Spotlight Review and Risk Register on the 3 Lines Model. The Spotlight Review is designed to help firms in assessing aspects of their holistic risk management frameworks by using the 3 Lines of Defence Model as a lens. As such…
Taking a byte at financial crime: New AML/CTF guidance and timelines for digital currency exchanges


By Ivan Yau (AU), Angus Jamieson (AU) & Jon Ireland on
Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulator, AUSTRAC, has released its guidance with respect to new laws that require digital currency exchange (DCE) providers to register and comply with AML/CTF obligations.
AUSTRAC takes a broad approach in interpreting what is covered within the legal definition of a DCE. Essentially, any…