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The head of enforcement for the U.K. Financial Conduct Authority on Thursday emphasized the agency's determination to pursue criminal convictions against financial institutions or senior employees responsible for egregious violations of anti-money laundering rules. Mark Steward, who took up his post at the FCA in October 2015, told attendees of an industry event in London that the regulator has a "large number" of live investigations into suspected financial crimes and compliance failures, including several probes into "suspected significant AML systems and control issues." The FCA is seeking to identify a suitable case with compelling evidence of "egregiously poor systems and...