FCA steps up anti-money laundering spot checks
UK watchdog changes its fincrime head amid speculation AML spot visits increasing because of a critical FATF review in 2018
The UK’s Financial Conduct Authority (FCA) is stepping up its programme of anti-money laundering (AML) compliance spot checks on financial firms, senior lawyers say – a move that may have been prompted by criticisms in a December 2018 review from the Financial Action Task Force (FATF).
The report from the FATF – a supranational body that internationally combats money laundering and terrorist financing through a system of mutual evaluations of member countries – gave the UK a passing grade, but
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