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FSA Financial Crime Team

The reduction of financial crime is one of the FSA's four statutory objectives: section 6 of the Financial Services and Markets Act 2000 requires FSA to aim to reduce the extent to which regulated persons and unauthorised businesses can be 'used for a purpose connected with financial crime'. Financial crime includes any offence involving money laundering, fraud or dishonesty, or market abuse. The objective interacts with the three other objectives – protecting consumers; market confidence; and public awareness.

The role of the FSA’s financial crime sector team is to co-ordinate and support the work of the whole organisation as part of the financial crime objective. Internally, this involves supporting colleagues around the organisation in identifying financial crime risks and how they can be mitigated.

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