Anti-Financial Crime & Financial Crime Compliance
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NEWS: FCA writes to hundreds of firms seeking more information as concern grows about ‘revolving door’ of MLROs

By AML Intelligence Correspondent BRITAIN’s Financial Conduct Authority (FCA) has reached out to hundreds companies that had gone through three or more Money Laundering Reporting Officers (MLROs) in the preceding three years. The authority tells the designated firms that “in certain firms, substantial turnover within this function has impeded efficient supervision”. The FCA is concerned…

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