Bank of Scotland has recently been fined £160,000 for a breach of financial sanctions. The cause? The Bank failed to identify a sanctioned individual due to several subtle variations in the spelling
On 20 February 2026, the PRA released PS 5/26: Credit Union Service Organisations (CUSO). It follows consultation paper 13/25 which was released last year. The
As previously reported changes are coming to FRS 102 for accounting periods beginning on or after 1 January 2026. For most Credit Unions this will
The International Tax Compliance (Amendment) Regulations 2025 was introduced on 24 June 2025 and brings in changes to the Common Reporting Standard (CRS). We had
What is it? The Foreign Account Tax Compliance Act (FATCA) is a piece of legislation introduced by the United States (US) in 2010 which was
The FCA and PRA today published their Mutuals Landscape Report. The regulators are planning to support the mutuals sector in a number of ways including:
On 26 November 2025, Rachel Reeves announced her latest Budget. The Budget made significant changes to the tax system. Clients should have received invites to
PRA Review of the Sector 2025 The PRA have issued their 2025 review of the sector letter for credit unions with turnover up to £50million.
We are delighted to share some important news that, on 7th November 2025, Alexander Sloan will join TC Group. This is a positive step for our firm—one that allows us
On 24 June 2024 the PRA issued Consultation Paper 13/25 on Credit Union Service Organisations (CUSOs). The main proposals within the paper are: To amend
