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International Regulatory Enforcement

Anti-Money Laundering Lessons to be Learnt from the Commerzbank Fine
With the hefty £37.8 million fine imposed on Commerzbank AG’s London branch last month (and an accompanying strong deterrent message for the market more generally), the UK Financial Conduct Authority (FCA) have signalled their intention to continue to come down hard on firms’ breaches of anti-money laundering obligations.

Click here to read the alert.