Money Laundering Bulletin
Foreign banks in the UK – a warning
Daren Allen (+44 (0)20 7246 7651, Daren.allen@dentons.com) is a partner at Dentons in London.
The Sonali Bank case, salutary reading for all MLROs, especially those overworked and unsupported by management, points as well to possible bias in the UK Financial Conduct Authority’s enforcement strategy. Daren Allen of Dentons explains.