Money laundering regulations 2017 fca: Online Platforms: “Walking” the line between legal and financial services compliance ( Part 5 of 5)

Firms should also be aware that the FCA issued a “Dear CEO” Letter for all regulated firms earlier this year. This letter was to remind CEOs that firms carrying out both regulated and unregulated activity are not permitted to issue financial promotions which suggest all their activity is regulated by the FCA. Online platforms should therefore consider their financial promotions carefully to ensure that they do not misrepresent the scope of their existing permissions.

Leave a Reply

Your email address will not be published. Required fields are marked *