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FSA bans two insurance brokers over cover-up

The UK Financial Services Authority (FSA) has banned two insurance brokers based near London, Faraz Ahmed Siddique and Waqas Ahmed Siddique, for lying to cover up a criminal conviction.

Waqas Siddique was charged with conspiracy to defraud in March 2007. One month later he applied for individual approval to perform control functions at Aston Sterling Insurance Services. On his FSA application, he

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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