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FCA Guidance on Financial Crime

2015-05-28 05:05

The UK's Financial Conduct Authority (FCA) has published updated guidance on reducing the risk of financial crime.

Chapter header '5. Data security' in the FCA guidance 'Financial Crime: A Guide for Firms Part 1: A Firm's Guide to Preventing Financial Crime'

Financial Crime: A Guide for Firms Part 1: A Firm's Guide to Preventing Financial Crime provides information to regulated firms on how to avoid financial crime. But many of the topics and guidance will be of use to a wider audience. The document provides guidance regarding financial crime systems and controls, money laundering and terrorist financing, fraud, data security, bribery and corruption, and sanctions and asset freezes. Some of these are clearly sector-specific but there is generally applicable advice too.

Chapter 5 on data security draws on, and extends, guidance originally published in the former FSA's document Data Security, published in 2008.

Part 2 of the documents contains summaries of, and links to, thematic reviews of various financial crime risks. It includes the consolidated examples of good and poor practice that were included with the recent reviews' findings.

The guidance took effect on 27 April 2015.


Source: emirC-laicnaniF-no-ecnadiuG-ACF/82/5/5102/ku.rellewdnekrelc.www

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