Analysis, Regulation & Supervision

FCA’s fincrime powers under fresh scrutiny after Iran sanctions disclosure

By Ellesheva Kissin
sanctions
Image: Getty Images

The Financial Conduct Authority’s role as the UK’s financial crime supervisor has come under fresh scrutiny after Lloyds and Santander UK were accused of allowing Iranian front companies to evade Western sanctions.

The UK Treasury has consulted whether to split up the FCA ...

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