FCA vows 'holistic risk' approach to financial crime after £147m Credit Suisse fine

Mark Battersby
clock • 2 min read

The Financial Conduct Authority (FCA) has pledged to "pursue serious financial crime control failings by regulated firms" after it fined Credit Suisse International, Credit Suisse Securities (Europe) and Credit Suisse AG a total of more than £147m, Pinsent Masons said today (2 November) in a briefing note. The UK regulator imposed the penalty on Credit Suisse in a final notice on 19 October 20201 after it determined the institution had breached its obligations to establish, implement and maintain adequate systems and controls to counter the risk of being used to facilitate financial crim...

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