Anti-Financial Crime & Financial Crime Compliance
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Financial Services, UK

NEWS: Financial firms not conducting real time checks of their customers – FCA study

By PAUL O’DONOGHUE, Senior Correspondent

FINANCIAL companies are not using the UK’s National Fraud Database for real time checks of their customers, new research has ound.

A new study from the UK’s Financial Conduct Authority looked cases at 13 different firms where accounts were suspected for money muling.

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