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

NEWS: UK’s FCA warns finance firms to up fraud defenses in ‘Dear CEO’ letter

File photo of the UK's Financial Conduct Authority offices

By PAUL O’DONOGHUE, Senior Correspondent

FINANCIAL companies are expected to have strong fraud systems in place to secure good customer outcomes, the FCA (Financial Conduct Authority) has warned.

The UK finance watchdog said in its latest ‘Dear CEO’ letter addressed to chief executives that reducing and preventing financial crime is a “key priority” for the organization.

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