The UK’s Financial Conduct Authority (FCA) says in a new report that it is disappointed to find continuing weaknesses in most small banks’ approach to anti-money laundering (AML).

The report, published on 14 November, follows a 2011 report by the now defunct Financial Services Authority (FSA) on the management of high money-laundering risk situations and the subsequent enforcement action and regulatory guidance....Log into your ATFCP account to access content at Association of Trade Finance Compliance Professionals.