UK

Money Laundering: A new era of regulation

David Capps. David Capps is a Partner and Head of the DLA’s. Financial Regulatory Group. david.capps@dla.com

One of the FSA’s statutory objectives under the Financial Services and Markets Act 2000 (FSMA) is the prevention of crime, and a principal tool in achieving this is the recently conferred power of the FSA to set and enforce anti-money laundering standards within the regulated community. The FSA’s power to prosecute regulated firms for breaches of the Money Laundering Regulations 1993 is a key tool in its armoury.