Trade finance AML in banks 'generally weak', UK regulator finds

Red flags on the high seas

Turning a blind eye to where funds come from is “not acceptable”, Martin Wheatley, CEO of the UK Financial Conduct Authority told the FCA Financial Crime Conference on 1 July and individual senior managers will, increasingly, have to attest that AML systems and remediation projects are compliant. The regulator expects “progress to be made today”. Well he might as the scale of the challenge emerged in the latest thematic review report on trade finance.

Forgotten password?

if you have a subscription to moneylaunderingbulletin.com, but have forgotten your password, please fill in the box below and your log-in details will be emailed to you.

Back to log in page

To read the rest of this article please log in below.

Request free access

You can request a free access to Money Laundering Bulletin. This includes your personal copy of the latest issue.Click here to request free access.

Subscribe now

Start benefiting from our expert analysis straight away. Click here to subscribe. A subscription provides the latest hardcopy sent to you ten times a year, access to our online archive, and full access to the site.

Log in

Keep me logged in

Have you forgotten your details?

Jul 2 2013

Send To Colleague

Email the Editor