About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FCA Sees Suspicious Transactions Decline for 2019

Subscribe to our newsletter

The UK financial watchdog has seen the number of suspicious transactions and order reports (STORs) go down for the first time since 2016, according to its latest STORs report for December 2019. The regulator suggests that more robust steps taken by firms to tackle financial crime risks could be part of the reason for the decline, along with its recent supervisory crackdown on compliance.

Chapter 8 of the FCA’s Financial Crime Guide, published in December 2018, highlighted firms’ obligations to counter the risk of being used to further financial crime, including the criminal offences of insider dealing and market manipulation. The steps taken by some firms, since then, include reviewing the suitability of clients whose trading may otherwise have been subject of a STOR and restricting their access to financial markets where appropriate.

“We believe these restrictions have resulted in less suspicious activity being facilitated by these firms, and consequently a reduction in STORs,” says the regulator.

The 2019 figures do however suggest that the number of commodity and fixed income STORs continue to rise. This reflects steps taken by firms to improve their detection capabilities, and the FCA has encouraged firms to continue developing their surveillance capabilities in this area.

“We have also seen an increase in the number of market observations received,” notes the FCA. “Market observations provide us with valuable intelligence and we encourage their submission where a STOR is not appropriate.”

Market Observations were launched in 2019, designed to provide a channel for firms to submit information about market activity they have observed which is not necessarily appropriate as a STOR.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

AI Won’t Replace Compliance Professionals, but the EU’s AMLA Will Change How They Work

As the EU’s new Anti-Money Laundering Authority raises expectations around AML, firms are moving beyond transaction monitoring towards behavioural intelligence. Adam McLaughlin, Director of Financial Crime at Fenergo, argues that whilst AI will become central to that transition, human judgement remains the deciding factor. Historically, financial institutions have approached anti-money laundering as a process centred...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...