This guide is designed to provide multi-jurisdictional support to the private sector in identifying activities that may be higher risk, determining the levels of risks the sector faces, and developing strategies to tackle such risks. While governments have a role to...
This Policy Brief examines how the FCA should work with its regulated populations to be more data-driven, innovative and apply risk-based supervision. In recent years, the UK Financial Conduct Authority (FCA) has committed to delivering enhanced anti-money laundering...
Today, an estimated 1.7 billion people around the world lack access to basic financial services and products – a situation that perpetuates poverty, fuels informal money transfer systems, and leaves populations vulnerable to criminal exploitation. But it doesn’t have...
The UK’s Financial Conduct Authority (FCA) aims to be a data-led supervisor, but can it keep pace with private sector innovation and funding? In July this year, as part of a commitment made in the UK government’s Economic Crime Plan (2019–2022) and in the context of...
Abstract Purpose This paper aims to explain the de-risking phenomenon through Luhmann’s risk/danger model and demonstrate that de-risking should be facilitated and encouraged. Design/methodology/approach The paper applies Luhmann’s system theory and more...
