The speech outlined the regulator’s evolving approach to enforcement and firm accountability.
Key points include:
➡️ The FCA expects firms to act responsibly, remediate issues early, and cooperate transparently to reduce or avoid penalties;
➡️ The FCA continues to prioritise tackling money laundering, crypto-related offences, and insider dealing, with more criminal prosecutions and faster case resolutions;
➡️ Over the past year, the FCA secured £442 million in redress for consumers through settlements and civil proceedings; and
➡️ The FCA is using its supervisory powers to drive early issue resolution, stressing that proactive remediation and strong compliance can prevent enforcement action.
✅ Firms should continually strengthen AML and financial crime frameworks, engage transparently with regulators, and embed a culture of accountability to reduce enforcement risk.