The Association of Mortgage Intermediaries (AMI) has welcomed the announcement of a crackdown on mortgage fraud by the Financial Services Authority (FSA) by updating their ‘fraud prevention' factsheet.
Available on the AMI website, the factsheet gives firms tips and advice in the fight against fraud, in addition to outlining what they should do to fight fraud in their own businesses and how to ensure they meet the obligations set out by the FSA. It also includes a checklist of basic questions to help firms understand and tackle fraud risks, such as: Who is responsible for managing your fraud risks? What are your key systems and controls for managing your fraud risks? And what information on fraud goes to your board or senior management? The updated factsheet follows the FSA’s ...
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