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Rachel Wolcott

Rachel Wolcott is a respected financial journalist and podcaster with a reputation for breaking news and investigative work.
Rachel Wolcott is a respected financial journalist, author and podcaster who brings her reputation for breaking news and investigative work to the Co-Founding Editor role at Compliance Corylated. Most recently as Senior Editor at Thomson Reuters Regulatory Intelligence, Rachel has specialised in areas including the UK Financial Conduct Authority (FCA), Brexit-related financial service policy change, regulatory reporting, financial crime, market infrastructure, and cryptocurrency.

All articles

11 articles

Market Abuse

Personal account dealing breaches ‘aren’t serious’, not an enforcement priority: FCA emails

Most personal account dealing (PAD) policy breaches “aren’t serious”, say internal UK Financial Conduct Authority (FCA) emails disclosed as part...
By Rachel Wolcott 11th December 2024
Personal account dealing breaches ‘aren’t serious’, not an enforcement priority: FCA emails

Financial Crime

Money laundering reporting officer role downgraded, fincrime professionals feel exposed

The money laundering reporting officer (MLRO) role has been downgraded in seniority, leaving financial crime professionals feeling exposed to retaliation,...
By Rachel Wolcott 10th December 2024
Money laundering reporting officer role downgraded, fincrime professionals feel exposed

Market Abuse

Social media-induced trade surveillance headache gets worse

Fake news about listed companies and social media posts touting stock tips pose an increasing risk for trade surveillance teams,...
By Rachel Wolcott 9th December 2024
Social media-induced trade surveillance headache gets worse

Regulatory Reporting

UK regulator’s grace period ends for MiFID II transaction reporting failures

The Financial Conduct Authority’s (FCA) latest Market Watch publication signals the end of the long grace period for Markets in...
By Rachel Wolcott 5th December 2024
UK regulator’s grace period ends for MiFID II transaction reporting failures

Compliance

OpRisk professionals advised to develop their personal brands

Operational risk professionals should develop their personal brands and do more to persuade colleagues of risk management’s value, said Elena...
By Rachel Wolcott 5th December 2024
OpRisk professionals advised to develop their personal brands

Money Laundering

UK tax authority compliance officer gets suspended sentence for aiding money laundering

A compliance officer at HM Revenue & Customs (HMRC) has received a 14-month suspended sentence for helping her husband launder...
By Rachel Wolcott 30th November 2024
UK tax authority compliance officer gets suspended sentence for aiding money laundering

Europe, Middle East, Africa

EU financial services ‘should not wait’ for finalised AML single rulebook to begin due diligence remediation

European Union financial services firms should not wait for the finalized anti-money laundering (AML/CFT) single rulebook  to begin due diligence...
By Rachel Wolcott 27th November 2024
EU financial services ‘should not wait’ for finalised AML single rulebook to begin due diligence remediation

Enforcement Actions

Get in line: Three-year wait to appeal FCA bans and fines

Senior managers seeking to appeal bans and fines imposed by the Financial Conduct Authority (FCA) are waiting up to three...
By Rachel Wolcott 27th November 2024
Get in line: Three-year wait to appeal FCA bans and fines

Financial Crime

Challenger banks’ inexperience, governance failings led to fincrime fines

Starling Bank and Metro Bank’s recent Financial Conduct Authority fines were caused, in part, by inexperience and governance failings, the...
By Rachel Wolcott 26th November 2024
Challenger banks’ inexperience, governance failings led to fincrime fines