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 permissions show sharp drop in consumer credit roles — Q2 2025 highlights Recent analysis of FCA permissions data reveals a notable...