Regulatory Tolerance Wearing Thin When it Comes to AML Deficiencies
By EsqSocial Corporation 16/04/21
The Financial Conduct Authority’s (FCA’s) inaugural use of its criminal money laundering powers under Regulation 45 of the UK Money Laundering Regulations 2007 (MLR) against NatWest is viewed by many as a warning shot to firms within scope of the MLR that the FCA is prepared to utilise its criminal authority in cases that it…...
By: K2 Integrity