This note explains the politically exposed persons regime within the UK's general anti-money laundering laws.
Documents to download
-
LIBOR, Public Inquiries & FSA/FCA Disciplinary Powers (759 KB, PDF)
Barclays Bank, and others have been accused of trying to manipulate various LIBOR related interest rates after an investigation by UK and US regulators. Se ven institutions have now paid substantial fines. The Lloyds Banking Grouip has admitted REPO rate manipulation to reduce the cost, to it, of taxpayer support. The manipulation happened over a number of years by many people and for different reasons. There is a debate about what form a public inquiry into general banking matters might take and about the current limits to the FSA’s disciplinary powers.
Documents to download
-
LIBOR, Public Inquiries & FSA/FCA Disciplinary Powers (759 KB, PDF)
Related posts
-
-
There will be a Westminster Hall debate on access to and acceptance of cash during and beyond the Covid-19 pandemic on Thursday 3 December at 1:30 pm.
-
Cash remains a key payment method for more vulnerable people, but its wider use is in decline, accelerated by the pandemic. How will Government and industry protect access to cash?
