The FSA says it is aiming for consultations this autumn with the financial services industry, includ...
The FSA says it is aiming for consultations this autumn with the financial services industry, including IFAs, on imposing stricter money-laundering checks that could result in higher business costs. The admission comes as the regulator welcomes today's announcement by six of the UK's biggest banks that they will "voluntarily" impose stricter money-laundering checks on existing customers. A spokesman for the FSA says that the regulator does not know what the new proposal will cost the banks, or whether those costs will be passed on to customers in the form of higher fees. ...
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