Jessica L Hambly

Why should I read this? The UK Financial Conduct Authority (FCA) recently published a ‘Dear CEO’ letter which outlined its strategy for the supervision of wholesale brokers. This letter was published in conjunction with the FCA’s review of Money Laundering Through the Markets (MLTM), which sets out a number of weaknesses identified during a detailed review of a representative sample of brokers and other firms operating in the capital markets.

Updated as of: 24 July 2023 Recently updated This checklist will assist in-house counsel and compliance teams in commercial organisations, and private practitioners who are subject to the Money Laundering and Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended by the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (together, ‘the MLR’), in meeting their obligations with regard to staff awareness and training about money...

Jobseeker’s allowance (JSA) – anyone would be forgiven for thinking this is a descriptive term. An allowance – “a sum of money paid regularly to a person to meet needs or expenses”, as the dictionary terms it – for those seeking (looking for) a job. But according to the Home Office unit which processes applications for permanent residence from EEA citizens, this is not the case. For such applications, being in receipt of jobseeker’s allowance is not evidence of actively seeking work.