The FCA has published two thematic reviews: Managing bribery and corruption risk in commercial insurance broking; and How small banks manage money laundering and sanctions risks, following earlier reviews in 2010 and 2011. The purpose of the reviews is to establish how small firms manage financial crime. The FCA reviewed ten commercial insurance intermediaries and […]

The FCA Thematic Review was published last week to assess whether Asset Management & Platform Firms are taking adequate steps to mitigate money laundering and bribery and corruption risks. We put the spotlight on the good and poor practice examples outlined in the FCA report. Our expert, Mark Dunn, has summarised and highlighted the review […]

The FCA has published a report summarising the results of its thematic review into banks’ control of financial crime risk in trade finance. The report highlights areas of common weakness between the banks visited and also sets out examples of good and poor practice. It covers the following areas: governance and management information, risk assessment, policies and […]