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ARTICLE · 10 OCTOBER 2024

FCA Reinforces Commitment To Tackle UK Financial Crime

Osborne Clarke
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Sarah Pritchard of the FCA outlined the regulator's focused, data-driven approach to tackling financial crime, emphasizing assertive interventions, sector reviews, and increased enforcement to improve market integrity and prevent fraud.

United KingdomCriminal Law
Jeremy Summers
Jeremy Summers
Nick Price
Nick Price
Noline Matemera
Noline Matemera
Capucine de Hennin
Capucine de Hennin

Targeted, outcomes-based approach keeps financial services firms at the centre of push for corporate crime enforcement

Sarah Pritchard, a Financial Conduct Authority (FCA) executive director with responsibility for market integrity, spoke at the Financial Crime Summit in London on 5 September setting out the UK regulator's approach to tackling financial crime.

The speech emphasised that fighting financial crime is a priority for the FCA and restated a number of themes that it has repeatedly sought to drill home over recent months as part of its three-year strategy.

However, Ms Pritchard highlighted a number of points that will be of note to the firms regulated by the FCA; in particular, its renewed emphasis on taking a targeted and outcomes-focused approach, with assertive and strategic interventions, which indicates that further sector reviews and enforcement action are likely to follow over the coming months.

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