The FCA found that while most MIFIDPRU firms report reliably, key gaps, such as ICARA inconsistencies, misclassification, and OFTR errors still require urgent improvement.
Maya Braine, Managing Director and Head of Financial Crime, attended UK Finance’s Economic Crime Congress, where leaders across sectors highlighted fraud, data-sharing, and cross-industry collaboration as the key drivers shaping the UK’s economic crime response for 2025–2026.
The Autumn Budget tightens the screws on high-street money laundering with stronger enforcement, a revamped Economic Crime Levy, and rising expectations for firms’ AML vigilance.
The FCA will become the single AML supervisor for professional services. Maya Braine explains what this means for firms.
The FCA has just published the outcomes of a survey of corporate finance firms (CFFs). The results send a clear message: many firms remain vulnerable to financial crime risks and regulatory censure because key controls are missing or underdeveloped.