FCA speech: “Working together against financial crime”

May 14, 2026

The FCA has published a speech "Working against financial crime", delivered by Nikhil Rathi, FCA Chief Executive, at the FCA’s Financial Crime Conference. Rathi introduced the speech by stating that financial crime is changing rapidly, that it is more technologically enabled, and more organised than ever before:

• Financial crime is more organised, technologically advanced and interconnected than ever, making it a threat to national security and economic stability.
• The response to financial crime must be system wide. This includes better information sharing, smarter use of technology and deeper collaboration across firms, regulators, government, and law enforcement.
• The scale and speed of financial crime mean we cannot defend against every threat equally, and must prioritise where we focus our collective effort.
• Rathi explores the new threat landscape, and the need for a changing approach to the changing threat: “shared responsibility for shared security”.

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