Firms still face corruption penalties from the FSA - AAD Consumer Forum

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5corpio started a blog post Firms still face corruption penalties from the FSA
12 September 2011, 18:31

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Firms still face corruption penalties from the FSA

Firms still face corruption penalties from the FSA

Originally posted by 5corpio

The Financial Services Authority (FSA) has warned it can still impose sanctions on firms that have not taken sufficient steps to prevent corruption, it has been reported. The revelation comes in light of the Bribery Act 2010, which came into effect in July 2011, the Financial Times revealed. Although the FSA is not responsible for enforcing the Act, it reminded firms in its monthly newsletter it can still reprimand companies that do not properly assess corruption risk. According to the news provider, the FSA said: "We can take regulatory action against firms who fail adequately to....Read more on todays story----> Firms still face corruption penalties from the FSA
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1 comment
- #1
  
  5corpio commented
  
  12 September 2011, 18:34
  
  Editing a comment
  
  FSA imposes £8m fine for market abuse
  
  Forum Archieve: CLICK HERE
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