The United Kingdom's National Crime Agency will test a new approach to handling suspicious activity reports in its efforts to combat rampant money laundering through British banks.
A proposal to hold British bankers more accountable for compliance failings could soon extend to senior executives of foreign banks, U.K. regulators said Monday.
Britains chief regulator of financial institutions outlined plans to tackle money laundering in the coming year, when it will for the first time police over 50,000 companies that offer consumer credit.
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