The UK Financial Conduct Authority (FCA) carried out a thematic review in 2019 and have continued money laundering supervision work across all relevant sectors since then. Based on significant further work
and discussions with key stakeholders, the FCA decided that it would be important to review progress and update its analysis.
This report:
- Renews the risk assessment of MLTM and risks documented
- Sets out the findings from the review. These will assist brokers and other firms operating in the capital markets to continue to improve their controls and ensure they meet the required standards. The FCA provides insights and support through practical case studies and examples of good and poor practice.
- Facilitates further discussion across the markets to reduce the threat of money laundering through markets