U.K. Reveals Money-Laundering Cases After FinCEN Report (1)

Britain’s financial markets watchdog revealed that it’s pursuing several probes into money laundering -- with some set for completion as early as this year -- after the release of leaked documents shook the world’s banks.

The Financial Conduct Authority said Monday that “we have a number of investigations on foot,” with those probes involving both civil and criminal breaches of regulations.

The FCA made its statement in response to an investigation by the International Consortium of Investigative Journalists, which addressed years of suspicious transactions handled by the world’s largest banks and linked to money laundering, Ponzi schemes and fraud.

“These ...