The Financial Services Authority (FSA) plans to focus its stepped up enforcement efforts on stamping out mortgage fraud and money laundering in the year ahead, the agency’s enforcement director Margaret Cole said. The regulator will visit mortgage lenders to review their financial controls and has started to study bank services “that pose high risks” for money laundering, she said in the FSA’s July Financial Crime newsletter.
FSA focusing on mortgage fraud, money laundering in the UK
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