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 and controls in

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