• About the FSA
  • What we do
    • Fighting financial crime
      • Money laundering
        • Third EU Money Laundering Directive
        • New regime
        • Risk-based approach
        • Politically exposed persons (PEPs)
        • Key resources for practitioners
        • Frequently asked questions
        • Money laundering library

Related information

Small firms

Information for small financial advisers

Anti-money laundering and combating terrorist financing

Firms and organisations in the financial services industry can be used, wittingly or unwittingly, by criminals seeking to launder the proceeds of crime (money laundering), thereby concealing the illegitimate origins.

Under FSMA, the FSA is charged with reducing the extent to which regulated firms are used in connection with financial crime, including money laundering.

See also

Section of FSA handbook governing systems and controls in relation to compliance, financial crime and money
SYSC 3.2.6

Consumer factsheet

Checking your identity – the fight against money laundering, financial crime and terrorism
FSA factsheet [PDF]

"The UK's financial sector has an excellent opportunity to operate a truly risk-based AML regime that can deliver benefits by creating a more hostile environment for criminals and a more straight forward environment for legitimate business."

Philip Robinson, Financial Crime Sector Leader