2016: A year of financial crime developments

Financial crime prevention laws are never static, and 2016 has proved no exception to the continuous cycle of changes to existing laws and the introduction of new ones. Over the course of the year, the UK has tackled both implementation of EU measures and the review of domestic measures, leading now to proposals for new legislation. Meanwhile, at the regulators, FCA has been considering how it can get better information to help it in its objective to prevent financial crime, while continuing to investigate and take enforcement action against firms that do not meet its standards.