Financial Conduct Authority

The UK's Financial Conduct Authority regulates "the conduct of more than 59,000 [financial services] businesses. We are also the prudential regulator for more than 18,000 of these businesses.. " - source fca.org.uk. The Financial Conduct Authority is independently funded by fees from the industry and by penalties which are applied to breaches of the Financial Conduct Authority's Rules. The Financial Conduct Authority's conduct remit includes financial crime regulation and it has the power to prosecute as a criminal action failure to comply with a range of offences including the UK's Money Laundering Regulations, for example. It may also issue cautions which will appear on the Police National Computer. The Financial Conduct Authority may take civil or regulatory action instead of or in addition to criminal prosecution.
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