FROM OTHER NEWS SITES
DAILY TELEGRAPH Bank of England poised to restart QE stimulus - Thu, 09 Feb 2012 07:46:20 GMT
Bank of England poised to restart QE stimulus - Thu, 09 Feb 2012 07:57:41 GMT
FINANCIAL TIMES US banks near $40bn housing deal - Thu, 09 Feb 2012 07:43:06 GMT
US banks near $40bn housing deal - Thu, 09 Feb 2012 02:18:08 GMT
BBC NEWS BBC News - Business - Thu, 09 Feb 2012 07:46:31 GMT
BBC News - Business - Thu, 09 Feb 2012 08:30:57 GMT
Poll
Current Issues
New Issue
Special supplement
Special supplement
Jobs
Jobs of the Week
Upcoming Events
CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
One week to money laundering deadline
Businesses, such as those that lend on commercial terms or offer financial leasing, have only until June 15 to register with the Financial Services Authority (FSA) for supervision of their anti-money laundering controls,
If they dont register then they face a potential civil or criminal sanction.
The relevant businesses include any that:
Issue credit cards, banker drafts and travellers cheques;
Provide finance advisory services in relation to mergers and acquisitions;
Lend on commercial terms;
Offer financial leasing - this does not include operating leases or hire purchase agreements;
Offer guarantees and commitments using banking industry products; and
Offer safety deposit boxes or other secure storage for high value physical items such as jewellery and documents of title.
More information including detailed guidance notes on registration is available from the FSA website.
