Must Read: FSA's proposed guide to cutting financial crime

Responsibility for financial crime is due to pass to the FSA's successor the Financial Conduct Authority (FCA) - which will regulate IFAs -  as part of the coalition government's shake-up of financial regulation. Speaking at the FSA's financial crime conference, Tracey McDermott, acting director of enforcement and financial crime at the regulator, said the FCA will continue the FSA's "intensive and intrusive supervision of financial crime issues". "The FCA will pursue the objectives of keeping crooks out of finance, encouraging industry to strengthen its defences and educating and war...