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New Directors Suggest Stronger Enforcement Stance at Britain’s FCA

By Koos Couvée

The appointment of a high-ranking law enforcement official to co-direct enforcement at the U.K. Financial Conduct Authority could lead to more prosecutions against financial criminals and action against unlicensed companies, legal analysts told ACAMS moneylaundering.com. Steve Smart, director of intelligence at the U.K. National Crime Agency, will take up a new position as co-executive director of enforcement and market oversight at the FCA on June 21 after more than six years at the NCA and more than a decade working in national security for the U.K. government, mainly in the area of counterterrorism. Gregory Brandman, a former enforcement attorney with...

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