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LATEST: UK’s FCA issues £313M (€368M) in fines in 2021-22 financial year

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Elizabeth Hearst for AMLi

The UK’s Financial Conduct Authority (FCA) issued £313M (€368M) in fines in the 2021-22 financial year, marking a significant increase of 65% on the previous year.

In its annual report, the FCA said the watchdog had imposed financial penalties of £313M (€368M) and “started prosecutions alleging insider dealing, investment fraud and money laundering” during the twelve-month period. 

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Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

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