FCA steps up anti-money laundering spot checks

UK watchdog changes fincrime head amid speculation AML spot visits increasing because of critical FATF review

Crime

The UK’s Financial Conduct Authority (FCA) is stepping up its programme of anti-money laundering (AML) compliance spot checks on financial firms, senior lawyers say – a move that may have been prompted by criticisms in a December 2018 review from the Financial Action Task Force (FATF).

The report from the FATF – a supranational body that internationally combats money laundering and terrorist financing through a system of mutual evaluations of member countries – gave the UK a passing grade, but

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: