Reports of suspicious transactions and potential market abuse have reduced for the first time since 2016, Financial Conduct Authority (FCA) figures have revealed.
The regulator released its Suspicious Transaction and Order Reports (STORs) figures for 2019 on Friday, showing an 8% decrease in the total number of STORs since 2018. There were 5,455 STORs reported to the FCA in 2019, compared to 5,926 in 2018. The regulator said this could be due to firms "taking more robust steps to tackle financial crime risks" following its update on the Financial Crime guide in December 2018. "We highlighted firms' obligations to counter the risk of being used to further financial crime, including the criminal offences of insider dealing and market manipulat...
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