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/ News / Legal Director Neil Williams shares his thoughts with Thomson Reuters on the Financial Conduct Authority’s business plan message regarding coronavirus

Legal Director Neil Williams shares his thoughts with Thomson Reuters on the Financial Conduct Authority’s business plan message regarding coronavirus



In its business plan for 2020, the Financial Conduct Authority (FCA) has emphasised that it will not be introducing an amnesty on enforcement action during the coronavirus crisis.

While the FCA has made it clear it will keep taking action against serious misconduct, particularly where there is a high risk of money laundering, some observers have predicted a slowing down of the agency’s investigations. While online enforcement interviews are a possibility, the FCA may face a shortage of resources at a time when the pandemic is offering new opportunities to those looking to commit financial crimes.

The FCA has told firms that it is not lowering its expectations of them. It has reminded them that they have to behave in a way that puts consumers’ interests first.

Rahman Ravelli’s Legal Director Neil Williams was asked his thoughts on this by Thomson Reuters for an article.

The full article can be read here. (Subscription required).

Neil Williams

Neil Williams

Legal Director

neil.williams@rahmanravelli.co.uk
+44 (0)203 910 4560 vCard

Specialist Areas of Practice: Fraud and Business Crime, Complex Crime, Corporate Investigations.

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