MIGI 15
Financial Crime
MIGI 15.1
Introduction
- 01/12/2004
MIGI 15.1.1
See Notes
One of our statutory objectives under
the FSMA is to reduce
financial crime. This chapter explains how our rules aimed at reducing financial crime apply
to mortgage and insurance intermediaries.
- 31/05/2005
MIGI 15.2
Financial Crime
- 01/12/2004
What action does your firm have to take in relation to financial crime?
MIGI 15.2.1
See Notes
The FSA's rules
on systems and controls against money laundering, which are set out in SYSC
3.2, do not apply to mortgage intermediaries or to insurance intermediaries carrying on insurance
mediation activities relating
to general insurance and pure protection contracts. However,
your firm is
still required to maintain appropriate safeguards against financial crime
and to comply with the general legal requirements relating to money laundering. Under the Senior Management
Arrangements, Systems and Controls sourcebook (SYSC) (see Part I, Chapter
3) an FSA authorised firm must ensure that it maintains adequate systems and
controls to counter the risk of that firm being used to further financial crime.
- 01/03/2006
MIGI 15.2.2
See Notes
The following chapters
of this Guide are also relevant:
| • | Senior Management Arrangements, Systems and Controls - Part I, Chapter 3.2 |
- 01/12/2004