FCA applying increased scrutiny to Annex 1 firms

Lynx-Zusammenfassung

The Financial Conduct Authority is increasing scrutiny of Annex 1 firms, including money brokers, financial leasing companies, unregulated lenders and providers of safe custody, over their potential to facilitate financial crime. It says these businesses must register for anti-money laundering purposes and assess whether parent-company controls suit their own risks, governance and operations, rather than relying excessively on those controls.