Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Compliance, Regulatory

FCA issues notice to financial firms with high turnovers of AML staff; body says ‘significant turnover’ of staff has ‘compromised effective oversight’

By Elizabeth Hearst for AMLi

The UK’s Financial Conduct Authority (FCA) has issued notice to financial firms with a high level of turnover of AML staff. 

In a ‘Dear CEO’ letter sent to a number of financial firms, the FCA noted a high turnover of money laundering reporting officers (MLROs). 

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!