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Anti-bribery and corruption procedures should now be a key area of focus for all financial institutions, given recent regulatory and legal developments
Given the FSA's vocal dissatisfaction with firms' progress in managing financial crime risks, both following its thematic reviews and in its comments on the Willis case, we can expect more enforcement action, with further thematic reviews in the financial crime arena soon
The Money Laundering Regulations 2007 (the Regulations), which came into force on 15 December 2007, give effect, in part, to the Third European Money Laundering Directive and aim to prevent the use of the financial system for the purpose of money laundering and terrorist financing
