The FCA, in collaboration with the NCA, Home Office, and Treasury, is addressing economic crime through nine system priorities. This initiative was announced on September 23, 2026, and requires firms to review their anti-money laundering frameworks and consumer protection policies.
The FCA relies on its strategic priorities for fighting financial crime, as outlined in its recent publications. The specific provisions or articles cited were not detailed in the material.
This initiative applies to all regulated entities within the financial services sector, as they must align their practices with the FCA's priorities on economic crime.
The material does not specify any deadlines, transitional periods, or exemptions related to this initiative.
The FCA's focus on economic crime includes a coordinated effort to tackle organized crime, which may have implications for firms' operations and compliance requirements.