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FCA outlines risks of money laundering to capital markets

Investment banks and other firms participating in UK capital markets must do more to understand their potential exposure to money laundering, according to the Financial Conduct Authority (FCA).

  • Shared by KYC360
  • June 13, 2019
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In a thematic review published Tuesday, the FCA found that most financial institutions involved in the trading of shares, derivatives, bonds and other instruments are “generally at the early stages of their thinking in relation to money-laundering risk” and are not uniformly apprised of the methods of financial crime that are unique to the sector.

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