FSA to probe corruption in asset manager review

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The Financial Services Authority (FSA) is set to probe the asset management industry in a review of the risks of bribery, corruption, sanctions and money laundering, according to law firm Dechert.

A statement from the firm said 22 groups have already been identified for review. Dechert warned the industry: "All asset managers, whether they are to be visited by the FSA or not, should revie...

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