The FCA has published a new webpage covering the notification requirements for FSMA [Financial Services and Markets Act 2000] authorised firms that it supervises under the Money Laundering Regulations 2017, which came into force on 26 June 2017. The FCA lists three situations in respect of which an authorised firm may need to make a […]

US and UK regulators continue to focus on enforcement actions against institutions and individuals for violations of anti-money laundering (AML) laws and regulations, and the trend is intensifying. A review of recent US and UK enforcement cases reveals common themes financial institutions might consider when establishing or assessing the effectiveness of AML programs. Specifically, regulators […]

The home secretary has vowed to stem the flow of “dirty money” into the City of London in an attempt to end its reputation as a safe haven for “criminals and corrupt kleptocrats” to hide their money. Amber Rudd highlighted a National Crime Agency estimate that £90bn is laundered via London each year. Rudd conceded […]