Financial Services, Sectors - Written by on Tuesday, August 9, 2011 1:40 - 1 Comment

FSA seeks views on new regulatory guide: Financial Crime: a guide for firms

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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.

The guide:

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
  • Fraud
  • Data Security
  • Bribery and corruption
  • Sanctions
  • Proliferation financing

Topics under consultation

  • Publication
  • Framework, status and application
  • Structure and scope
  • Content
  • Equality and diversity
  • Cost benefit

We wrote yesterday that the FSA was laying down a marker of its intention to regulate financial crime.

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.

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Compliance Bits and Pieces for August 12 | Compliance Building
Aug 12, 2011 5:01

[...] FSA seeks views on new regulatory guide: Financial Crime: a guide for firms [...]

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