Financial Crime Update
FSA warns that next round of thematic reviews will cover AML and ABC systems and controls in asset management firms
Money Laundering Changes
Amendments include changing the definition of ‘financial institution’
Money Laundering
FATF updated lists
Money Laundering Failings
Action taken against firm and MLRO for failings including inadequate review of AML systems and controls and poor record keeping of staff AML training
FSCS Changes
Proposals include changes to eligibility criteria
Financial Crime
Consultative guidance published by FSA following bribery thematic review
Insider Dealing
Latest insider dealing case
Market Abuse Guidance
Proposed amendments to MAR 1.4
Financial Crime
Final guidance published setting out FSA’s expectations for firms’ financial crime systems and controls
Market Abuse Changes
Proposed changes to MAD