Financial Services, Sectors - Written by Barry & Richard on Tuesday, August 9, 2011 1:40 - 1 Comment
FSA seeks views on new regulatory guide: Financial Crime: a guide for firms
The Financial Services Authority recently published “CP11/12: Financial crime: a guide for firms“ seeking views on the FSA proposal for a new regulatory guide, Financial Crime: a guide for firms including bribery and corruption.
Provides guidance on steps firms can take to reduce their financial crime risk.
Topics covered within the guide:
- Financial Crime
- Anti-Money laundering
- Terrorist financing
- Data Security
- Bribery and corruption
- Proliferation financing
Topics under consultation
- Framework, status and application
- Structure and scope
- Equality and diversity
- Cost benefit
This FSA proposal to issue a guide on financial crime for firms when coupled with statements in the Willis Notice underscore the FSA’s intention to be a leading enforcement agency for financial crime and bribery.