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The U.K. Financial Conduct Authority has to date assessed the sanctions-screening controls of 35 banks, wealth managers and other institutions with the use of a new data-analytics tool introduced last year, regulators told ACAMS moneylaundering.com in an interview. Spurred on by Russia's full-scale invasion of Ukraine and the unprecedented barrage of sanctions that followed, the FCA in June 2022 began widely using a "sanctions-screening supervisor testing tool" to gain insight into how effectively firms notice transactions that potentially involve designated parties. "It has allowed us to test a larger number of firms in a shorter period, to get a view...