On 17 June 2026, the Financial Conduct Authority (FCA) published a speech delivered by Therese Chambers, joint executive director of enforcement and market oversight, regarding financial crime supervision and enforcement, which had been delivered at the International Bar Association Anti-Corruption Conference.

Key points of note from the speech include:

  • Changing threat: Financial crime is becoming more complex and more widespread than ever before, with technology, including artificial intelligence, accelerating the pace and scale of financial crime activity. In light of this, the FCA is adapting its supervision and enforcement approach.
  • Interventionist supervision: As part of its evolving strategy, the FCA is driving earlier intervention with supervisory tools, market oversight and proactive detection. Last financial year saw a total of 369 voluntary outcomes across the FCA. The FCA makes the point that this is not separate from enforcement – these outcomes are enforcement “even if they don’t look like the kind you’re used to”.
  • Whistleblowing: Whistleblowing disclosures are up 20% in the past year.
  • Enforcement outcomes: The FCA is still taking cases to enforcement – it had 42 enforcement outcomes in 2024, another 38 in 2025, and as of June 1st, 18 so far this year.
  • Speeding up investigations: The FCA is moving faster than ever before. Since July 2024, 10 investigations have reached a public outcome within 16 months or less.

For further regulatory updates in relation to financial crime, please see our Financial Crime Knowledge Hub.