What a decent fine does - Surge in suspicious trade reports to FSA

UK brokers and bankers are flagging twice as many suspicious trades to the Financial Services Authority following warnings that the watchdog plans to spot check industry compliance efforts.

During each of the past few months, financial institutions in the City of London have filed an average of 100 "suspicious transaction reports". The monthly average of such reports for last year was 50 ... READ MORE

Released by the Financial Times - 29 July 2012