This September, the FCA published information for trading firms. The letter informed these organizations to hold a financial crime risk assessment based on a set of new measures.
According to the info mentioned by the FCA, companies should expect tightening regulatory hurdles and monitoring in the upcoming months. It means that organizations have to consider AML measures seriously, a set of procedures and key policies.
The letter also signalled a commitment to a more proactive approach to combating illicit activities.
