FSA focuses on sanctions and controls
LONDON - Financial sanctions are a minefield for cross-border transactions. Sudan, Iran, Burma and Zimbabwe recur on current lists of international pariahs. Sanctions legislation has been in place for years and the penalties are harsh - up to seven years in prison according to UK law. But accusations that UK authorities have been lax in policing sanctions and in putting into place controls against overseas bribery and corruption, increasingly levelled by European Union (EU) and hawkish US
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