UK FCA hints at prosecutions under Money Laundering Regulations

Short of stating explicitly that the UK financial services regulator is about to prosecute a firm for criminal breach of the UK Money Laundering Regulations, which give effect to the EU Fourth Money Laundering Directive, Mark Steward, Director of Enforcement at the Financial Conduct Authority could hardly have been clearer in his message to the Global Investigations Live event in London on 4 April [2019]. [1]