Independent financial advisors could improve anti-money laundering efforts
LONDON
-- Some independent financial advisors in the UK are not following their own client identification procedures, according to the Financial Services Authority (FSA). In a report released in late February, the FSA, the UK’s chief financial services watchdog, said that although firms were taking reasonable steps to get enough evidence to identify clients, information recorded was sometimes incomplete. The FSA spoke to 30 UK independent advisor firms of varying sizes from April to August 2002Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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