The FCA has just highlighted weaknesses in due diligence across firms in a recent supervisory review (via AML Intelligence). Not a data problem.An interpretation problem. Firms are still: Over-relying on automated tools Missing complex ownership structures Failing to challenge red flags Treating due diligence as a one-off check 👉 The FCA’s message is clear:Due diligence must be ongoing, connected, and judgement-led. That’s where most firms fall short. They have the data — bu

The FCA’s latest thematic review highlights major shortcomings in how UK firms assess financial-crime risk. Many Business-Wide Risk Assessments (BWRA) and Customer Risk Assessments (CRA) are still too generic, poorly evidenced, or disconnected from real-world controls. Key gaps identified include: • Risk assessments not tailored to the firm’s actual products, customers or exposure. • Weak links between BWRA findings and monitoring/testing. • Senior management focusing heav

FCA Authorisations Service Performance – Q1 2025/26 The latest FCA metrics show strong performance across most authorisation areas, with...