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The 2010 Act overhauled this area of law and introduced new anti-money laundering requirements for credit and financial institutions and other “designated persons,” requiring them to carry out certain due diligence measures in relation to customers
On 14 February 2012, the Central Bank expressed its concerns about the advertising of regulated financial services and products, and announced that it is actively reviewing the advertising of financial products and services by regulated firms
The High Court has confirmed, in the recent case of Caledonian Life v Financial Services Ombudsman, that an appeal against a finding of the Financial Services Ombudsman (the "FSO") is not a de novo hearing of the original complaint but rather a review of the FSO's decision making procedure
