7. Looking ahead
Over the coming year, our financial crime and AML work will continue to be one of our seven top priorities. We will continue to revise and enhance our supervision strategy, aiming to use the information from our new data return to focus our supervisory work more accurately on those firms and sectors presenting the highest money laundering risk.
We will continue to work with the Treasury on key policy areas like the transposition of the Fourth EU Anti‑Money Laundering Directive, and we will push forward our programme of work relating to de-risking. We are also planning work on whether new technology could be harnessed to make firms’ AML systems and controls more efficient and less costly for both firms and consumers.
We are now working with the Treasury and other partners to prepare for the next evaluation by the FATF of AML supervision in the UK, which will take place in late 2017 and early 2018. As the biggest AML supervisor in the UK, we will play a major part in this assessment. Our review of our approach to AML supervision discussed above will help us ensure that we continue to meet the latest international standards.