UK Financial Conduct Authority Releases Guidance on Financial Crime Risk
The United Kingdom Financial Conduct Authority published a new guidance for companies on how to counter financial crime risks. The report covers financial crime systems and controls, money laundering and terrorist financing, fraud, data security, bribery and corruption, sanctions and…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
asset freezes, and insider dealing and market manipulation. The sanctions and asset freezes chapter advises companies to be aware of sanctions obligations, have risk assessment frameworks in place including necessary sanctions screening methods, and implement systems to identify “false positives” and real matches of names to sanctions lists. It also said compliance programs should address export controls.