Speaking at the FCA Financial Crime Conference on 10 November 2016, Rob Gruppetta, head of the regulator’s Financial Crime Department, discussed the FCA’s financial crime agenda. Mr Gruppetta voiced concern about the compliance burden associated with the current AML regime and mooted changes to the rules. He also gave an overview of the FCA’s upcoming […]

The home secretary has vowed to stem the flow of “dirty money” into the City of London in an attempt to end its reputation as a safe haven for “criminals and corrupt kleptocrats” to hide their money. Amber Rudd highlighted a National Crime Agency estimate that £90bn is laundered via London each year. Rudd conceded […]