FSA publishes Financial Crime Newsletter

10 Oct 2012

The latest edition of FSA’s Financial Crime Newsletter focuses on recent fines and thematic reports. During the second half of 2013 it plans to publish the results of thematic work on anti-money laundering (AML), terrorist financing and sanctions controls in trade finance, and on AML and anti-bribery and corruption (ABC) systems and controls in asset managers.

FSA has confirmed it will update the Financial Crime Guide from 1 November to take account of recent reviews, and that it will include ABC risks in its Core Financial Crime Programme from the middle of 2013.

It also features an item on the practicalities of reporting sanctions matches, and explains why it may be necessary to report to two agencies if there is both a sanctions match and a money laundering suspicion report.

(Source: Financial Crime Newsletter, Issue 16)

http://www.fsa.gov.uk/static/pubs/newsletters/fc-newsletter16.pdf