Complaints Data

We are of the view that these proposals are largely welcome but are seeking views from firms before submitting a response at the end of the week. Firms with views on the proposals should contact Simon Harrington

JMLSG: Updated guidance

The Joint Money Laundering Steering Group (JMLSG) has published final amendments in Part II of its Guidance:

• Sector 5 (wealth management)

• Sector 6 (financial advisers)

• Sector 11A (consumer credit providers)

• Sector 13 (private equity)

• Sector 22 (cryptoasset exchange providers and custodian wallet providers)

•

To highlight the Financial Ombudsman's ability to effectively handle complaints with a money laundering element, amendments have also been made to Part I Chapter 6 Paragraphs 6.706.71

JMLSG’s amendments have been submitted to HM Treasury for Ministerial approval.

Latest PIMFA Press Releases

PIMFA outlines six-point plan to reform disclosure requirements in wake of PRIIPs reforms

PIMFA welcomes FCA proposals for core investment advice but warns they risk being undermined by unnecessary restrictions

PIMFA calls for Financial Conduct Authority to have greater role in protecting public from fraud

PIMFA delighted to welcome Paul Stockton and Stuart Dodson to its Board of Directors

Consumer Duty a ‘watershed moment’ that firms must take seriously, FCA warns at PIMFA conference

Read more press releases here

PIMFA Press Coverage

Financial Times: ‘Cut stamp duty to boost UK stocks’

Finextra: Tech trends in wealth management for 2023

International Adviser: Pimfa calls on FCA to simplify post-Priips disclosure rules

FT Adviser: 'FCA should remove restrictions on its advice proposals'

Pensions Age: Industry organisations back calls for MPAA review ahead of Budget

See more of PIMFA in the press

27 April | 09:30 - 12:30

Pimfa Financial Crime Conference London

18 May | 10:00 - 18:00

Principles and practices your adviser population need to know and adopt.

This CPD Accredited and CISI Endorsed course takes you step by step through a framework your firm can adopt to improve your approach to client suitability, the critical component in your firm’s ability to meet the Duty’s two outcomes on customer support and consumer understanding.

For more information and to register, please click here

The PIMFA Financial Crime 2023 gives attendees access to industry leading debates from professionals across the regulatory, law enforcement, innovators and providers in the Financial Crime space.

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