Financial Conduct Authority (FCA) publishes report on AML supervision by legal and accountancy supervisors, calls for ‘investing and improving’ in sector to tackle FinCrime - AML Intelligence
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Financial Conduct Authority (FCA) publishes report on AML supervision by legal and accountancy supervisors, calls for ‘investing and improving’ in sector to tackle FinCrime

By Elizabeth Hearst for AMLi

The UK’s Financial Conduct Authority has said it has found “differing levels of achievement and some significant weaknesses” in AML Compliance in the accountancy and legal sectors. 

The report published by the FCA and the Office for Professional Body AML Supervision (OPBAS) says the professional body anti-money laundering supervisors of the accountancy and legal sectors (PBSs) have “improved” in recent years to “achieve a level of compliance with the technical requirements of the Money Laundering Regulations”. 

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