Supporting a risk‐based anti‐money laundering approach through enforcement action

Abstract

This paper sets out how the FSA intends to use enforcement tools to support its financial crime strategy and reduce the risk that regulated firms are used to further money laundering. It reiterates that public enforcement action is only one of a wide range of regulatory tools that may be used when faced with money laundering failures and sets out the circumstances in which such action is more likely to occur.

Citation

Proctor, A. (2005), "Supporting a risk‐based anti‐money laundering approach through enforcement action", Journal of Financial Regulation and Compliance, Vol. 13 No. 1, pp. 10-14. https://doi.org/10.1108/13581980510621992