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  1. Point in time
    2020-06-26

FCG 7.3 Further guidance

FCG 7.3.1

1FCTR contains the following additional material on sanctions and assets freezes:

  1. • FCTR 8 summarises the findings of the FSA’s thematic review Financial services firms’ approach to UK financial sanctions and includes guidance on:

    1. ◦ Senior management responsibility (FCTR 8.3.1G)

    2. ◦ Risk assessment (FCTR 8.3.2G)

    3. ◦ Policies and procedures (FCTR 8.3.3G)

    4. ◦ Staff training and awareness (FCTR 8.3.4G)

    5. ◦ Screening during client take-on (FCTR 8.3.5G)

    6. ◦ Ongoing screening (FCTR 8.3.6G)

    7. ◦ Treatment of potential target matches (FCTR 8.3.7G)

  2. • FCTR 15 summarises the findings of the FCA’s thematic review Banks’ management of financial crime risk in trade finance and includes guidance on:

    1. ◦ Sanctions Procedures (FCTR 15.3.7G)

    2. ◦ Dual-Use Goods (FCTR 15.3.8G)