The FSA has published its latest Financial Crime Newsletter (issue 16).
There is not much that is new inside e.g. it mentions the March 2012 report on findings on anti-bribery and corruption (ABC) systems and controls in investment banks (there is a link to the paper in Regulatory Roundup 39). However at the end of the Newsletter there is a warning that the next round of thematic reviews will cover AML and ABC systems and controls in asset management firms with a report expected to be published by Q3 2013.
In the light of this, Compliance officers at asset management firms will probably want to ensure that a review of their firm’s ABC and AML systems and controls features highly on their ‘things to do’ list.
