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"Just not good enough" - FSA slams banks' response to the Bribery Act

Overview

The UK Financial Service Authority recently published the results of its review into anti-bribery and corruption systems and controls implemented by investment banks since the Bribery Act 2010 came into force in July 2011. The FSA was disappointed to find a serious lack of effective anti-bribery controls within the financial sector.


Macfarlanes' fraud and financial crime team outline the key findings of the FSA's review and why it represents a stark reminder for firms to fully assess their risk control systems.


To read on, click 'View Briefing'.

Categories related to Financial Crime and Fraud