Anti-money laundering (AML) and financial crime continue to be a key focus of the Financial Conduct Authority (FCA). The FCA business plan places a greater emphasis on the areas, and they continue to issue fines for breaches of the requirements. We are increasingly seeing the FCA placing greater accountability on Bank’s senior management to ensure robust financial crime systems and controls are in place.
Although the requirements for banking firms are prescriptive, the question around proportionality is subjective. More specifically, what does good look like for a firm of our size and complexity?
Our latest brochure discusses how to ensure your financial crime framework is fit for purpose. Please download below.