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...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
