FCA focuses on AML and sanctions regimes at smaller banks
Trade Based Financial crimes News
The UK’s Financial Conduct Authority (FCA) has published the results of its recent thematic review, which looked at the responses of smaller banks to the authorities 2011 Anti Money Laundering (AML) Review.
In its latest review, the FCA has identified, “significant and widespread weaknesses in key AML controls” amongst smaller banks and expressed particular concerns over AML operations in smaller overseas banks....Log into your ATFCP account to access content at Association of Trade Finance Compliance Professionals.
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