Francesco's blog archive

2024 (4) 2023 (5)
Francesco Fulcoli

Francesco Fulcoli

CCO at Flagstone
Message Message me Posts: 9 Comments: 0
Bio Global Oversight Compliance, AML, FinCrime, Risk, Legal Career History Banking and Fintech



Regulatory Resilience: Fintech's AML Frameworks through Comprehensive Gap Analysis and Methodologies

23 May 2024

In a world where innovation meets finance, fintech companies stand at the forefront of revolutionising how we interact with money. However, with great innovation comes great responsibility, especially when it comes to compliance and Anti-Money Laundering (AML) practices. In this dynamic industry, navigating a complex web of regulatory requirements...


FCA Sounds Alert Over Weak Money Laundering Controls - Dear CEO Letter

06 Mar 2024

Francesco Fulcoli - Chief Compliance Officer The UK's financial regulator has sent a serious warning to financial institutions after identifying widespread failings in how firms are preventing money laundering. In a letter to the chief executives of regulated firms, the Financial Conduct Authority (FCA) outlined common weaknesses it has found th...


EU Agrees on Stricter Anti-Money Laundering Rules

19 Jan 2024

Francesco Fulcoli - Chief Compliance Officer The Council of the European Union and the European Parliament have reached a provisional agreement on reforms to strengthen the EU's anti-money laundering and counter-terrorism financing framework. The new rules aim to close regulatory loopholes and ensure illicit money from criminal activities and terr...


HM Treasury Advisory Notice: NEW High Risk Third Countries List!

05 Dec 2023

Francesco Fulcoli - Chief Compliance Officer and MLRO The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require the UK regulated sector to apply enhanced customer due diligence in relation to high-risk third countries. Regulation 33(1)(b) of the MLRs requires regulated businesses to apply en...