Combatting financial crime continues to be a key supervisory and enforcement priority for the FCA. The importance of this area was reiterated by the FCA’s February 2024 newsletter -.
The Economic Crime and Corporate Transparency Act 2023 (ECCT Act), whose provisions will enter into force during the course of 2024, makes a range of changes to existing AML reporting and information sharing requirements.
The Financial Conduct Authority (FCA) has found that former Barclays PLC (LSE:BARC) chief executive Jes Staley acted “recklessly” regarding the disclosure.