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Two UK agencies outline plans to fight financial crime in 2020

The UK in the coming year will seek to extend a senior management accountability program to new firms, toughen its oversight of professional bodies and reform how it processes suspicious activity reports, two agencies disclosed.

Two UK agencies outline plans to fight financial crime in 2020
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  • Shared by KYC360
  • April 18, 2019
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The Financial Conduct Authority (FCA) said in a 2019/2020 business plan published Wednesday that its Office for Professional Body Anti-Money Laundering Supervision (OPBAS) would ratchet up pressure on associations and other organizations that don’t adequately police their members for failing to implement checks on financial crimes. 

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