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FCA Published Business Plan for 24-25

19 March 2024
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FCA Published Business Plan for 24-25

The FCA has published its Business Plan for 2024/25, detailing the work which the FCA will undertake over the next 12 months in the final year of its 3-year strategy.

The FCA will continue to deliver the 13 commitments in its strategy, which focuses on preventing serious harm, setting higher standards and promoting competition.

The regulator’s key priorities and actions include:

  • Increasing investment in its systems to use intelligence and data more effectively within its financial crime work, as to target higher risk firms and activities;
  • Prioritising proactive assessments of AML systems and controls for firms deemed higher risk;
  • Strengthening proactive supervision through the Office for Professional Body Anti-Money Laundering Supervision #OPBAS, to drive improvements in the legal and accountancy sectors;
  • Strengthen its supervision of firms’ sanctions systems and controls;
  • Undertaking a review of firms’ treatment of customers in vulnerable circumstances; and
  • Continue using its powers to disrupt, pursue and sanction those committing and enabling financial crime.

Firms can view the Business Plan to gain insights into the FCA’s focuses for the coming year, and what they may mean for their operations.
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