The Financial Conduct Authority has warned British banks that they are not doing enough to protect themselves from being used for criminal activities and could be fined if they fail to raise their game. Some banks may face punishment for failure to spot abuses in their trade finance business, such as money laundering, sanctions busting […]

Speech by Tracey McDermott, Director of Enforcement & Financial Crime, the FCA, at the FCA Financial Crime Conference, London. This is the text of the speech as drafted, which may differ from the delivered version. Tackling financial crime is a key part of the FCA’s remit.   Access to legitimate financial services is a key mechanism […]

Speech by Martin Wheatley, Chief Executive, the FCA, at the FCA Financial Crime Conference, London. This is the text of the speech as drafted, which may differ from the delivered version. Thank you Ron. It’s a pleasure to welcome everyone to today’s FCA conference. Those of us who’ve been in or around financial services for […]