Based on the messages from the FSA to date it appears that many firms do not measure up to the FSA’s expectations when it comes to systems and controls dealing with financial crime, including anti-corruption.

Our key message at our seminar this week was that firms must familiarise themselves with FSA guidance and statements on Financial Crime.  For those interested a neat summary of key themes can be found in the most recent consultation document which can be found here.

We have developed a checklist to identify if firms need to update systems.  If you would like a free one hour meeting to speak with a representative of Pinsent Masons and run through our checklist then please email barry.vitou@pinsentmasons.com