UK regulator says some of its biggest sanctions related to financial crime and AML failure
Two of the UK’s Financial Conduct Authority’s (FCA’s) biggest sanctions in the last 12 months related to failures to address financial crime and anti-money laundering (AML) risks according to the authority’s executive director of enforcement and market oversight, Mark Steward.
Speaking at the AML & ABC Forum 2021, he also revealed that correspondent banking and trade finance operations are under scrutiny in some current investigations.
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