LONDON—Not all of Britain’s financial firms are convinced of the need to invest large sums to crack down on dirty money, leaving the quality of anti-money laundering controls falling short, the Financial Conduct Authority’s chief enforcer said on Thursday.
Global banks, including UK-based HSBC, Barclays, and Standard Chartered, face fresh scrutiny on their efforts to curb money laundering after a cache of leaked documents showed they transferred more than $2 trillion in suspect funds over nearly two decades.
