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Laundering lesson for IFAs on CD-Rom

The FSA is offering a CD-Rom to help IFAs understand the implications of money laundering and the role they can play in its prevention.

The regulator has produced 5,000 copies of the CD-Rom and is distributing it free to IFAs nationwide. The FSA says it has gone beyond the traditional forms of instruction to provide IFAs with more user-friendly training through video case studies and practical examples.

This is first time that the FSA has used fully interactive media to educate advisers.

Investment firms division head of themes Chris Rexworthy says the use of the technology is a prototype and, depending on how successful it is, the regulator may make more use of the medium in the future.

National Criminal Intelligence Service director of economic crime Vince Harvey says: “This CD-Rom should raise the anti-money laundering awareness of the IFA sector – an initiative that we strongly support.”

One adviser involved in the pilot testing of the CD-Rom says: “It is a well thought out and produced guide which will help adviser understanding of money laundering.”

•The FSA says its IFA guide to the regulation handbook which will soon be published will now be a legally binding document. Previously, it was thought that this shorter version of the handbook would operate as a guide only.


Direct Protect attracts 1000 members

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Threadneedle Investments – Threadneedle UK Mid 250 Fund

Type: Oeic Aim: Growth by investing in UK mid caps and small caps Minimum investment: Lump sum £2,000 Investment split: 100% in UK mid caps and small caps Isa link: No Pep transfers: No Charges: Initial 3.5%, annual 1.5% Commission: Initial 3%, renewal 0.5% Tel: 0800 068 4000

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Lawyer extends referral service

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US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]


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