FCA review finds gaps remain in brokers’ money laundering defences

News Anti-money laundering Reports

Date: 23rd Jan, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

On January 23, 2025, the Financial Conduct Authority issued an update regarding FCA review finds gaps remain in brokers’ money laundering defences. The review found that wholesale brokers need to enhance their systems and controls to prevent money laundering, citing underestimation of risks, over-reliance on others, and limited information sharing between firms as areas for improvement.

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Financial Conduct Authority

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FCA review finds gaps remain in brokers’ money laundering defences

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FCA review finds gaps remain in brokers’ money laundering defences

Brief

Financial Conduct Authority

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