The FCA is increasingly active in addressing financial crime risks, and has signalled that it intends to step up enforcement action. There are 42 ongoing investigations and significant fines already issued over AML rule breaches. These should be taken as an early warning in the context of regulatory supervision – usually in the form of skilled person reviews (known as a ‘Section 166’).

Our whitepaper, Purposeful Financial Crime Controls: Managing the risk of a Skilled Person Review, helps firms to understand how to manage a Section 166 and provides critical advice on measures to mitigate the risk of a Section 166 from arising in the first place.

Read our thought leadership paper here: Purposeful AML Controls: Managing the Risk of a Skilled Person Review

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