The UK’s FCA is using machine learning to get faster at identifying and taking down scams, one of its top staffers has revealed.
Andrea Bowe, Director at the Financial Conduct Authority’s Specialist Directorate, said the new approach has led to the takedown of hundreds of suspicious websites.
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MONEYVAL chairperson and FATF president exchange views with Council of Europe Committee of Ministers
MONEYVAL
On 6 November, Nicola Muccioli, Chairperson of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL), and Elisa de Anda Madrazo, President of the Financial Action Task Force (FATF), held an exchange of views with the Council of Europe’s Committee of Ministers.
Chairperson Muccioli presented MONEYVAL’s work and achievements during 2023, as reflected in its annual report and the features of the recently launched 6th evaluation round. He highlighted MONEYVAL’s close cooperation with the FATF and its contribution to revising the global standards to counter money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.