Article: BoS fined GBP 1.25m for breach of FSA rules

Article: FSA fines Bank of Scotland plc GBP1,250,000 for money ...
M2 Presswire;  January 15, 2004 ;     700+ words ... ... proper records of customer identification as required by the FSA's Money Laundering ... Andrew Procter, FSA Director of Enforcement, said: "The FSA requires firms to maintain records of customer identification because these records ...

Article: FSA fines Northern Bank GBP1,250,000 for money laundering ...
M2 Presswire;  August 7, 2003 ;     700+ words ... ... Sergeant, Managing Director of the FSA, said: "The FSA has made clear that we expect ... identified weaknesses in their customer identification procedures but allowed them ... identified its own failings." The FSA's investigation revealed weaknesses ...

Article: FSA fines Morgan Grenfell GBP 190,000
Evening News - Scotland;  April 5, 2004 ;     666 words ... ... s London office. The FSA said that in setting the ... of regulations under the FSA's money laundering rules ... to keep proper records of customer identification" across its retail, corporate ... biggest fine yet under the FSA rules.

Article: FSA to take no action on property schemes
Evening News - Scotland;  February 24, 2004 ;     700+ words ... ... in February last year by the FSA's then chief executive ... portfolios. However, the FSA added that it expected a steady ... out the way they work. The FSA has been getting tough on so ... failure to keep proper records of customer identification demanded nowadays to help prevent ...

Article: FSA hits BoS with GBP 1.25m fine
The Scotsman;  January 16, 2004 ;     700+ words ... ... hands on the right file." The FSA said that the size of the fine ... tersely-worded statement, the FSA spelled out the extent of the ... retain either a copy of the customer identification evidence, or a record of where ... appointment to the board of the FSA. HBOS fully accepted the anti ...

Article: Anti-money laundering software well placed to address FSA ...
M2 Presswire;  July 16, 2002 ;     700+ words ... ... important announcement from the FSA yesterday, we have been asked ... guy lists. To quote the FSA: `you just can't have those ... Phillips again commented on the FSA intention to consult on the ... to move up the standards of customer identification across all sizes of financial ...

Article: FSA fines Abbey GBP 2m over money-laundering issues
The Scotsman;  December 11, 2003 ;     500 words ... ... dealt with severely by the FSA". Abbey said its internal ... that this was reported to the FSA. Abbey said: "There was ... that its methods for checking customer identification were inadequate, and that ... activity on a timely basis." An FSA spokesman said 37 per cent ...