The U.K. Financial Conduct Authority (FCA) on Wednesday announced the launch of a campaign to encourage whistleblowers to come forward and report misconduct directly to the agency. This follows changes in U.S. legislation to reward those who blow the whistle regarding instances of money laundering within regulated firms and banks.
Does the FCA campaign suggest there is now competition among regulators who want to be the first to know of misconduct, money laundering, market abuse, and fraud? What has motivated the FCA to embark upon this “In confidence, with confidence” campaign? Are U.K. regulators anxious about whistleblowers choosing a potential U.S. reward over …?
