Summary
The Financial Crime Guide (FCG) November 2023 edition offers comprehensive guidance for firms across all FCA-supervised sectors to counter financial crime risks. It integrates insights from FCA and FSA thematic reviews and includes additional material covering the breadth of financial crime, including money laundering, bribery, corruption, fraud, data security, sanctions, asset freezes, and market manipulation. The guide emphasizes the importance of effective systems and controls, regular updates based on new insights, and adherence to regulatory requirements to prevent and deter financial crime.
Key Points
The FCG provides practical assistance to firms of all sizes on countering financial crime risks.
It draws primarily from FCA and FSA thematic reviews, with additional material reflecting broader financial crime aspects.
Effective systems and controls are crucial for detecting, preventing, and deterring financial crime.
The guide includes guidance on specific risks such as m...
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