The Report provides information on the activities and achievements of the FCA in anti-financial crime.
Highlights include:
- The FCA charged 21 individuals with financial crime offences, the highest number of charges made in a year and brought 9 successful prosecutions against fraudsters;
- Over 87% of crypto registrations were withdrawn, rejected, or refused for weak AML controls;
- In 2023, the FCA obtained 9 freezing orders, 6 more than in 2022, and restrained £21.1m in assets of individuals under investigation; and
- The FCA began partnerships with the National Crime Agency (NCA), the National Economic Crime Centre (NECC), and International Organization of Securities Commissions (IOSCO)
Firms can review the report to gain insights into the powers and objectives of the FCA.