We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

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)

Related Shares

More News
23 Apr 2024 08:33

APICORP plans to sell 5-year green bond, document shows

April 23 (Reuters) - Energy-focused multilateral financial institution, the Arab Petroleum Investments Corporation (APICORP), has hired banks to arr...

18 Apr 2024 09:43

LONDON BROKER RATINGS: HSBC likes Haleon, cuts Flutter to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

15 Apr 2024 07:49

LONDON BRIEFING: Mitie unveils buyback; Inchcape sells UK retail arm

(Alliance News) - London's FTSE 100 is set to open lower on Monday, in a risk-off start to the week following an escalation in the conflict in the Mid...

15 Apr 2024 06:55

PRESS: Standard Chartered takes stake in London fintech Algbra — Sky

(Alliance News) - Standard Chartered PLC is becoming a shareholder in London-based fintech Algbra Group Ltd, Sky News reported Monday.

4 Apr 2024 21:52

Dollar hits two-week low, moves lower against yen

NEW YORK, April 4 (Reuters) - The dollar hit a two-week low on Thursday as economic data supported expectations for quick interest rate cuts in the ...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.