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FSA publishes anti-crime tool

The Financial Services Authority has published an anti-money laundering self-assessment tool.

The aim is to prompt small firms to satisfy themselves that they are addressing their legal and regulatory obligations to combat financial crime. This follows the move to a more principles-based approach to anti-money laundering controls that was introduced on September 1.

The tool is designed to encourage firms to adopt appropriate practices to mitigate money laundering and terrorist financing risks. It sets out a series of questions to consider, which include management responsibilities and money laundering reporting.


TMB joins L&G mortgage club

Legal & General has appointed The Mortgage Business to its mortgage club. TMB’s product areas include a wide range of self-certification and full-status mortgages. It also offers self-build schemes and a range of buy-to-let options including House 2 House, where income and not rental assessments increase the speed of the mortgage application. John Cupis, mortgages […]

Mortgage Next warns brokers on FSA advertising rules

Mortgage Next is advising intermediaries who are active in the sub-prime market to seek help rather than guess, when it comes to the FSA advertising and promotions rules.Justine Tomlinson, marketing director at Mortgage Next, says: The FSA has made it clear for a long time that it intended taking a close look at the non-conforming […]

Online property sales grow

A BBC2 programme last week lifted the lid on the growing practice of house hunters selling their properties on the internet to escape estate agent fees. Titled Beat the Estate Agent, the show revealed that about 75% of people looking for property now carry out a search on the web. Last year, Brits paid agents […]

Unity reveals new offers

Unity Homeloans has revealed several changes to its product range.Unity will now offer 1.5m loans up to 80% LTV, 5 x single and 3.75 x joint income multiples for residential applications.They are also offering 15% builders deposits on Prime buy-to-let extended to three properties per applicant.Ian Nelson, chief executive of Unity Homeloans, says: We want […]


Health Shield joins the Association of Medical Insurance Intermediaries

Health cash plan provider Health Shield has joined the Association of Medical Insurance Intermediaries (AMII) as a corporate member. The non-profit-making Friendly Society is one of eight health cash plan providers to join the intermediary trade body, which is looking to establish working parties with intermediaries and providers on issues such as product innovation and regulation.


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