Wholesale banking, retail banking and wealth management sectors pose greatest money laundering risk
The wholesale banking, retail banking and wealth management sectors in the UK remain vulnerable to financial crime and pose the greatest money laundering risk based on sector risk assessments by the country’s Financial Conduct Authority (FCA). According to the UK treasury’s Anti-money laundering and counterterrorist…
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 &…
