UK-based financial institutions are reporting 250 per cent  more suspicious transactions to regulators than they were in 2008, according to data obtained from the Financial Conduct Authority (FCA) by Pinsent Masons.The reports, of suspected money laundering and other transactions, are made under the Market Abuse Directive and under special rules for banks and brokers. Monica Gogna of law firm Pinsents said: 'These latest figures show that the regulator's efforts to deter wrongdoing are starting to bear fruit – no doubt the threat of multi-million pound fines is putting pressure on regulated firms to 'get their house in order' as fines and revelations such as these undermine trust and confidence in UK financial markets.'