Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

Financial Conduct Authority seeks views on AML supervision

Jaclyn Jaeger | July 31, 2017

The Financial Conduct Authority (FCA) has launched a consultation regarding the government-proposed Office for Professional Body AML Supervision (OPBAS).

The consultation sets out draft expectations about how professional body supervisors can meet their obligations in relation to AML supervision.

In March , the government announced its intention to create OPBAS as a new function within the FCA. The government has proposed that OPBAS oversees the adequacy of the anti-money laundering supervisory arrangements of 22 professional bodies. On 20 July 2017, the government published draft regulations that will give powers and responsibilities to OPBAS.

“The government asked the FCA to be responsible for... To get the full story, subscribe now.