"The recent Vanquis Bank sanctions failure should serve as a wake-up call for every insurance and reinsurance firm. When the UK's Office of Financial Sanctions Implementation (OFSI) disclosed that a designated individual's account remained active for eight days after being sanctioned, it highlighted how even well-resourced, FCA-regulated firms can fall victim to process breakdowns. For insurance and reinsurance brokers, the implications go far beyond banking scenarios.

RRCA brings RegZone.io compliance software for UK reinsurance brokers. Pay-as-you-go sanctions screening, PEP checks & regulatory compliance solutions."

FCA non-financial misconduct rules make HR compliance critical for financial services. Learn how the 2025 Employment Rights Bill changes create new regulatory risks for firms.