Clive Adamson, FCA's Director of Supervision, has spoken at the Association of Foreign Banks (AFB) on FCA's approach to conduct regulation, business models, senior management and financial crime. He noted that many foreign-owned firms deal in countries, products and customers that potentially pose high money-laundering risk. FCA has already discussed with AFB issues such as the assessment of whether goods are appropriately priced or might be dual use (civil/military) and subject to sanctions. (Source: Ensuring the UK Remains Open for Business – Requirements for Foreign-Owned Firms)