FSA’s role in reducing financial crime outlined

Speaking to the annual conference of the UK’s financial investigators on November 6th, FSA managing director Philip Thorpe described the latest developments in the FSA’s investigation into the alleged money laundering carried out on behalf of General Sani Abacha, Nigeria’s former military leader, which may have involved UK-based banks. He also described to the conference the FSA’s role as it prepares to take on its statutory objective of reducing financial crime, including money laundering.