FCA Tackles European Money Laundering Changes

The UK's Financial Conduct Authority (FCA) is looking to overhaul its anti-money laundering regulation as the EU’s Fourth Anti-Money Laundering Directive (4th AMLD) piles greater pressure on financial institutions to combat technology-based crime.

Rob Gruppetta, head of the Financial Crime Department at the UK financial watchdog, responded to the changes in a speech to a compliance conference in London earlier this week, ahead of a consultation by the British government which will examine how to implement the directive.

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