With the Financial Conduct Authority’s new anti-money laundering supervision model aiming to take a more targeted approach to the problem, Thomson Reuters’ Regulatory Intelligence asked Rahman Ravelli’s Nicola Sharp for her thoughts.
Nicola emphasised that even though there is a heightened awareness of money laundering – as highlighted in the recent intelligence and security committee report on illicit Russian money – many firms are still struggling to manage the risks they face. Large firms working in multiple jurisdictions are finding it especially difficult.
According to her, the FCA is being proactive – and firms could benefit from taking a similar approach.
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