FSA Releases Proposed Guidance and Amendments to “Financial Crime: A Guide for Firms”

The Financial Services Authority ("FSA") has published a guidance consultation concerning changes it proposes to make to the regulatory guide entitled Financial crime: a guide for firms (FC Guide). The guidance consultation is in response to the findings of the FSA’s thematic review into anti-bribery and corruption systems and controls in investment banks. The FC Guide sets out the FSA’s expectations of firms’ financial crime systems and controls and provides examples of the steps firms can take to reduce the risk of being used to further financial crime.

Originally Published: 
29/03/2012