Speech on cost of living crisis impact on financial crime from FCA

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Financial Institutions should work together to fight the ‘virus’ of financial crime as the cost-of-living crisis puts customers at greater risk, according to the Financial Conduct Authority (FCA). Sarah Pritchard, the FCA’s executive director for markets, warned firms, in a speech to the Financial Crime Summit on 7th September, of their role as the ‘first line of defence’ against a range of challenges including fraud, cybercrime and money laundering.

https://www.fca.org.uk/news/speeches/fighting-financial-crime-force-multiplier-effect

 

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