Sunday, 7 June 2015

U.K. Financial Regulator in Talks with Banks over FIFA Probe

From The Wall Street Journal –

“The U.K. financial regulator is looking into weaknesses in anti-money laundering systems at U.K. banks, following a major investigation by U.S. authorities into alleged corruption by FIFA officials.

Harriett Baldwin, the Economic Secretary to the U.K. Treasury, said the Financial Conduct Authority is “discussing with banks whether the FIFA episode has highlighted weaknesses in their anti-money laundering systems and controls.”

She made the statement in a written response to a U.K. member of parliament.”

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