Nikhil Rathi has delivered a speech about the importance of working together to fight financial crime. He focussed on the need to empower consumers to spot scams and for firms and regulators to work together to prevent criminals from exploiting loopholes – which they will do when firms don’t collaborate. He said this is one reason why the FCA plans to regulate payment and emoney firms in future in the same way as traditional FSMA firms, and encouraged firms to make the most of the ECCTA ability to share information.
FCA speaks on working together to fight financial crime
