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FCA to weigh use of prosecutorial powers in AML cases

The Financial Conduct Authority will not shy away from criminally prosecuting individuals responsible for egregious anti-money laundering failures, the head of enforcement at the agency said Thursday.

  • Shared by KYC360
  • April 05, 2019
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The supervisory authority, known as the FCA, currently has a “large number of investigations” on its docket, some of which are entering significant phases and involve suspected financial crimes and infractions of money laundering regulations, according to Mark Steward, director of enforcement and oversight at the regulatory agency.

Read more at KYC360.

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