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.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.