By PAUL O’DONOGHUE, Senior Correspondent
TRACEY McDermott was this week inducted into the AML Intelligence IAFCS ‘Roll of Honour’ to mark her distinguished career combating financial crime.
She is one of the UK’s leading AFC voices, with three decades of experience across the public and private sectors.
Speaking while receiving the award at ‘’International Anti-Financial Crime Summit 2025’ #IAFCS2025 in London on Wednesday she highlighted the role of protecting fincrime victims.
“It can feel really thankless tackling financial crime,” she said.
“It can feel like you’re turning the machine and doing the process. But do remember, that what we do matters.
“It disrupts crime, takes stuff away from the bad guys, and most of all, it protects and prevents the future victims.
She also praised her former colleagues in the sector.
“What has always been at the heart of fighting financial crime… is collaboration,” she said.
“I’d like to just take this opportunity to thank all of the friends, colleagues and partners I’ve worked with over many, many, many years. Who supported me, challenged me and inspired me to do more.”
Tracey McDermott biography
McDermott recently served as Group Head of Conduct, Financial Crime and Compliance at Standard Chartered Bank. She is currently part of Wolfsberg Group Management Committee.
Stephen Rae, AML Intelligence Chair and editor-in-chief, said Ms McDermott played a key role in “shaping the UK’s regulatory response to financial misconduct”.
“[She] has been a member of key national and international regulatory bodies, including the Financial Policy Committee of the Bank of England,” he said.
He added that she has had a stellar career of public service, and has contributed significantly “to the global fight against financial crime”.
Prior to her work at Standard Chartered, McDermott spent 15 years at the UK Financial Services Authority and its successor, the Financial Conduct Authority (FCA), culminating in her role as acting CEO. She has also served on the Bank of England’s Financial Policy Committee, and the boards of the PRA, ESMA, and IOSCO.
The UK government awarded her a CBE in 2016 for services to financial markets and consumers.
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