Sonali Bank case sets expectations of UK MLROs

Ian Mason (+44 (0) 207 153 7464, Ian.Mason@dlapiper.com), Legal Director DLA Piper LLP.

In a recent Mission Statement [1], the UK Financial Conduct Authority (FCA) marked financial crime as its next focus. The Sonali Bank case (October 2016) [2] shows the regulator is already taking a tougher line on AML breaches, says Ian Mason of DLA.