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IN FULL: ‘Bad cop, bad cop’ speech by FCA’s Therese Chambers as authority signals higher profile enforcements

Premium February 27, 2024

CRACKDOWN: "Pursuit of growth and international competitiveness does not mean we will back away from tough cases or cool our investigation when the going gets hot. Quite the opposite," said the FCA's Therese Chambers in her "bad cop, bad cop" speech in London today (Tuesday).

LATEST:  FATF President Elisa de Anda to deliver Keynote Opening Address at ‘European Anti-Financial Crime Summit 2026’ 

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NEWS: AMLA opens applications for Seconded National Experts (SNEs)

By AML Intelligence Correspondent THE FCA’s joint executive director of enforcement and market oversight Therese Chambers today signalled a tougher and more high profile approach to inquiries and enforcement today (Tuesday). She outlined the authority’s plans at the ‘City and Financial Global – The Market Abuse and Market Manipulation Summit.’ During the speech Chambers also…

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LATEST:  FATF President Elisa de Anda to deliver Keynote Opening Address at ‘European Anti-Financial Crime Summit 2026’ 

BREAKING: FinCEN proposes rule to ‘fundamentally reform’ AML programs

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NEWS: AMLA opens applications for Seconded National Experts (SNEs)

Regulatory Watch News

  • Republic of Moldova: New GRECO report evaluates progress in anti-corruption measures for the central government and law enforcement

    GRECO

    GRECO has today made public its Fifth Round Compliance Report on the Republic of Moldova, setting out an assessment of the progress made by the country in implementing GRECO’s recommendations to prevent corruption and promote integrity in central government (top executive functions) and law enforcement agencies. The report was adopted by GRECO at its 102nd Plenary Meeting, held in Strasbourg from 23 to 27 March 2026.

  • Former police officer admits involvement in fraudulent ‘crash for cash’ scam

    The Crown Prosecution Service

    An ex-police officer who fled the UK before being extradited has pleaded guilty to his part in a scam where fraudulent personal injury claims were made after deliberate vehicle crashes.

    While working as a Met Police officer, Kuldip Singh, 42, was part of a group which organised pre-arranged collisions with vehicles and then made fraudulent claims for compensation from insurance companies.

    The ‘crash for cash’ scam saw the group receive thousands of pounds in personal injury and vehicle damage compensation.

  • Czechia: Seven suspects detained over €13.5 million subsidy fraud involving public officials

    European Public Prosecutor's Office

    (Luxembourg, 8 April 2026) – The European Public Prosecutor’s Office (EPPO) in Brno (Czechia) has dismantled an organised crime group involving public officials suspected of wrongdoing in subsidy procedures for the reconstruction of research premises. Seven suspects were detained today, including three public officials. A total of 13 house and company searches were carried out, including at the premises of Czechia’s Ministry of Industry and Trade, with the support of the Police of the Czech Republic, National Centre Against Organized Crime (Policie České republiky, Národní centrála proti organizovanému zločinu). A substantial amount of evidence was seized, as well as a building and over €2 million (CZK 51 million) in bank accounts.

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