Hung out to dry?
UK financial firms have ploughed serious money into laundering and fraud regulatory compliance. But is law enforcement holding up its end of the bargain? By Ellen Davis
Complaints about the UK's anti-money laundering regime are nothing new - ever since its regulator started slapping large fines on financial services firms, there's been a bit of whinging from certain quarters. However, now that most firms have implemented programmes, senior executives are asking where the AML-related arrests and convictions are. Indeed, firms now have a growing interest in the results that law enforcement produce over the entire range of potential financial crimes, and for the
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