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UK's markets watchdog to decide on several anti money-laundering probes

Mon, 21st Sep 2020 15:10

LONDON, Sept 21 (Reuters) - Britain's Financial Conduct
Authority said on Monday it expects to take enforcement
decisions by year-end on some of its investigations into
breaches of rules for stamping out money laundering.

"Financial crime is a high priority for the FCA," it said
when asked to comment on the so-called "FinCEN" revelations that
several global banks, including HSBC, Barclays and Standard
Chartered from Britain, moved large sums of allegedly illicit
funds over two decades.

"At the moment, we have a number of investigations on foot
into suspected civil and criminal breaches. These investigations
are progressing well and we expect we will be making decisions
on some of them by the end of this year."
(Reporting by Huw Jones; editing by David Evans)

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