Executive Director at the FCA releases a statement highlighting the importance of anti-money laundering controls

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Mark Steward, Executive Director of Enforcement and Market Oversight at the Financial Conduct Authority (FCA), has issued a statement summarising recent enforcement action and its consequences. The statement also sets out emerging areas of risk and expectations on suspicious activity monitoring on firms/individuals contained in FCA warning lists.

We welcome this development, and recommend that all MLROs read the statement and take action. If you’d like support or would like to discuss the implications, please get in touch via enquiries@plenitudeconsulting.com.

https://www.fca.org.uk/news/speeches/importance-purposeful-anti-money-laundering-controls

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