FCA Publishes Regulation Round-Up

Orrick - Finance 20/20
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On May 27, the Financial Conduct Authority (FCA) published its May issue of regulation round-up, a newsletter providing details of the FCA’s recent activity.

One issue identified in the regulation round-up is the weakness of many smaller banks’ anti-money laundering safeguards, in particular with regard to the identification and management of high-risk customers and the monitoring of transactions. Regulation Round-Up.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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