7 lessons to learn from the FCA's letter the the CEOs of payment and emoney companies

On March 16th, 2023, the FCA (the UK regulator) sent their latest Dear CEO Letter to Chief Executive Officers of Payment firms.
Yann Ranchere

In the ten pages letter, the FCA sternly highlights several regulatory risks regulated payment businesses must address.

KYC, AML, and fraud management are highlighted areas by the regulator. For UK companies, it highlights points you can expect the regulator to put a spotlight on. For companies outside the UK, it is a good reminder of things you can expect your regulator to focus on now or shortly.

Ondorse has highlighted for you seven key learnings from the latest letter of the FCA.