Firms have improved but must do more to prevent sanctions breaches
Since February 2022, the FCA has proactively assessed the sanctions systems and controls of over 150 firms across a range of financial services sectors
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Since February 2022, the FCA has proactively assessed the sanctions systems and controls of over 150 firms across a range of financial services sectors
These unauthorised firms may be breaching UK financial services laws by providing financial services in the UK without authorisation
CCL agreed a Voluntary Requirement (VREQ) with the FCA, effective from 8 December 2025 to 2 March 2026
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