FCA Compliance & AML - Lessons Learned from Recent Enforcement Actions

Introduction

Financial crime, AML in particular, is one of the hottest trends in recent FCA enforcement.

In the past 12-18 months we have seen regulatory actions against a range of financial services firms and these enforcement cases have lessons for all financial services firms, highlighting common pitfalls in AML compliance systems and controls.

These include risk assessments, due diligence procedures, ongoing monitoring of customer relationships, governance, and oversight frameworks.

This webinar will highlight the key themes from these cases, identifying the lessons firms should learn, and providing practical tips on what risk-based compliance should look like.

The webinar will also briefly consider anticipated reforms to applicable AML regimes in the coming months.

What You Will Learn

This webinar will cover the following:

• Brief summary of applicable AML statutory and regulatory frameworks
• Key themes arising from recent FCA enforcement actions
• How to protect your business and mitigate the risk of compliance failings
• Anticipated reforms of the UK's AML framework

This webinar was recorded on 1st May 2024

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