The Financial Services Authority is calling on small firms to do more to tackle money laundering. The call came as the regulator published the findings of its first review of how well financial services firms are managing the risks of money laundering.The review reveals that smaller companies need to do more in terms of staff training and regular risk assessments.
- Top trends
Banking shares endured another torrid week. The US Federal Reserve took further steps to deliver financial stability by unveiling plans to lend up to $200bn on the bond markets in exchange for mortgage-backed securities as collateral.While this may be acceptable in the short term, in common with the Fed’s other schemes it’s likely to prove […]
Commercial First is suspending all new commercial lending with immediate effect.
Towards the end of play on March 14 – the day Bear Stearns’ shares tumbled by 50% – Morris Reid, erstwhile aide to former US President Bill Clinton and now a media pundit and managing director of a public affairs firm in Washington DC, dropped by for a chat. Reid wanted to talk about the […]
Citizens Advice Bureaux says mortgage arrears have shot up by 35% in the first two months of 2008 compared to the same period in 2007.It says its latest research shows that more people are seeking help because they are having problems paying their essential household bills, such as gas and electricity, water, telephone and Council […]
Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]
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