Mishcon de Reya has published an important note on a regulatory action recently taken by the Financial Conduct Authority (FCA) against Canara Bank in respect of anti-money laundering control failures. Canara Bank has been fined £896,100 and prevented from accepting deposits from new customers for 147 days. Canara is an Indian bank, and the enforcement action applies to its branches in...
Mishcon de Reya LLP
Mishcon de Reya LLP has offices in London and New York and employs over 400 lawyers offering a wide range of legal services to companies and individuals. In every area of the law in which it operates, the firm prides itself on providing a best in class service to clients. Mishcon de Reya's lawyers work with banks and financial institutions to develop legal and commercial strategies tailored to clients' commercial needs and the challenges that they face.
News about this ABA Member
ABA Corporate Member Mishcon de Reya's latest Enforcement Watch publication provides some useful comments and guidance on the Financial Conduct Authority's 2017/18 Annual Money Laundering Report. The Authority is broadening its approach to include investigations of smaller firms.