FCA warns retail banks over money laundering
James Hurley, 17 July 2021
The City regulator has warned bosses at Britain’s biggest retail banks that they must do more to stop money laundering or face personal consequences for failing to comply with the rules.
In a letter to retail banking chief executives, David Geale, director of retail banking and payments supervision at the Financial Conduct Authority, said “some firms have fallen short” in adherence to rules governing anti-money laundering and terrorist financing. Continue reading “Article: FCA warns retail banks over money laundering”
