Anti-Financial Crime & Financial Crime Compliance
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Compliance, Regulatory

FCA issues notice to financial firms with high turnovers of AML staff; body says ‘significant turnover’ of staff has ‘compromised effective oversight’

By Elizabeth Hearst for AMLi

The UK’s Financial Conduct Authority (FCA) has issued notice to financial firms with a high level of turnover of AML staff. 

In a ‘Dear CEO’ letter sent to a number of financial firms, the FCA noted a high turnover of money laundering reporting officers (MLROs). 

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