It’s time to 'consider overhauling the FCA'By Matthew Russell
September 4, 2023
Stripping the Financial Conduct Authority of its anti-money laundering responsibilities in favour of a single ‘mega supervisor’ is one of the boldest ideas this government has had to tackle dirty money. The UK current anti-money laundering regime is ripe for an overhaul: now is the time for bold action.
UK bank compliance teams face the prospect of a new supervisor, under proposals to deter money laundering and terrorism financing. The structural overhaul would create a new ‘mega supervisor’ to...Read more