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Weekly Roundup: FSA Says Investment Firms Lack Adequate Anti-Bribery Programs, FinCEN Issues Guidance on New CTRs and SARs, and More
printInvestment banking firms in the United Kingdom must ramp up their anti-bribery and corruption programs, the Financial Services Authority concluded in a report released this week that follows an examination of 15 firms. Many lack an understanding of bribery and corruption and most had no process for testing the effectiveness of their existing anti-bribery training. The agency said it is weighing whether to take regulatory action against some of the firms it reviewed. More Financial institutions have until March 13, 2013 to adopt the U.S. Treasury Department's new currency transaction and suspicious activity report forms for electronic filing, according to...
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