Financial Crime Financial Crime

UK financial firms subject to 16 live money-laundering probes, FCA figures show

By Martin Coyle and Annie Robertson
  • 11 Nov 2020 11:49
  • 11 Nov 2020 11:52
UK-based financial institutions are currently subject to more than a dozen live probes for suspected lapses in their money-laundering defenses, according to figures from the Financial Conduct Authority.
The FCA, which regulates UK banks, has confirmed that it has 16 investigations active into "financial institutions’ failure to implement internal systems

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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