Saturday, November 2, 2013

FCA THEMATIC REVIEW ON AML AND ABC IN WEALTH AND ASSET MANAGEMENT FIRMS


The UK Financial Conduct Authority [FCA] has issued a white paper entitled Anti-Money Laundering and Anti-Bribery & Corruption Systems and Controls: Asset Management and Platform Firms.  If you are at a wealth management firm, it is suggested that you examine its detailed recommendations regarding best practices, and anti-money laundering [AML] & Anti-Bribery and Corruption [ABC] risks specific to your industry.

The complete text of this 16-page document can be found here*.
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*Thematic Review 13/9: Anti-Money Laundering & Anti-Bribery and Corruption Systems and Controls

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