The Financial Services Authority is consulting on changes to its regulatory guide Financial Crime: A Guide for Firms following a recent review of anti-bribery and corruption systems and controls in investment banks: see here (pdf). The FSA's Guide sets out the regulator's expectations of firms' financial crime systems and controls and contains examples of the steps that firms can take to reduce the risk of being used to further financial crime, including what role should be performed by the board of directors and the information it should receive.
Monday, 2 April 2012
UK: financial crime, a guide for firms - FSA consults on changes
The Financial Services Authority is consulting on changes to its regulatory guide Financial Crime: A Guide for Firms following a recent review of anti-bribery and corruption systems and controls in investment banks: see here (pdf). The FSA's Guide sets out the regulator's expectations of firms' financial crime systems and controls and contains examples of the steps that firms can take to reduce the risk of being used to further financial crime, including what role should be performed by the board of directors and the information it should receive.
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