FSA calls for better AML and fraud data from UK banks
LONDON -- The UK’s Financial Services Authority (FSA) is launching a campaign to push financial institutions into providing better data on all financial crime, including money laundering. In a mid-September speech at Cambridge University, FSA managing director Carol Sergeant said: "Our research indicates that many firms do not undertake a thorough analysis of the actual and potential financial crime risks to which they are exposed, and are not organised to tackle them effectively." She said
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