
FCA identifies AML gaps in brokers’ frameworks
Natasha Doris
,
The regulator has issued a new report to help brokers close the weaknesses in financial crime risk assessments.
The Financial Conduct Authority (FCA) has flagged money laundering liabilities as a remaining risk in UK brokers’ defences. In a report published on 23 January, Assessing and Reducing the Risk of Money Laundering Through the Markets, the regulator identified key gaps in the sector’s financial crime defences, including the underestimation of money laundering risks, too much relia
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Natasha Doris
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