Anti-bribery and corruption (ABC)

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This overview is a guide to the Financial Services/Financial Crime subtopic Anti-bribery and corruption (ABC) and includes links to appropriate materials. A comprehensive collection of news and developments relating to ABC for financial services can be found in the news tab of this sub-topic.

FCA systems and controls to prevent bribery

The Financial Conduct Authority (FCA) does not enforce the Bribery Act 2010 (BA 2010); nor does it provide guidance on compliance with the BA 2010. Its role is to assist firms in complying with the anti-bribery law as part of its financial crime statutory objective, which requires it to pursue the objective of reducing the extent to which it is possible for a regulated business to be used for a purpose connected with financial crime.

The FCA is keen to ensure firms have appropriate systems and controls in place to prevent financial crime under the Senior Management Arrangements, Systems and Controls sourcebook (SYSC)—see SYSC 3.2.6 and SYSC 6.1.1 R. The FCA's definition of financial crime includes corruption, so goes further than the BA 2010.

The FCA may decide

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Lexis+ Financial Services—daily round-up (10 December 2025)

A round-up of financial services developments, including (among other things) UK Finance reports on global CBDC trends in 2025.

Lexis+ Financial Services—daily round-up (9 December 2025)

A round-up of financial services developments, including (among other things): EU bodies reach provisional agreement on simplified sustainability reporting and due diligence.

Council and Parliament reach provisional agreement on sustainability omnibus

The Council of the EU and European Parliament reached a provisional agreement to significantly narrow the scope of EU sustainability reporting and due diligence rules. The Corporate Sustainability Reporting Directive (CSRD) will now apply only to companies with over 1,000 employees and €450m annual turnover, removing listed SMEs from scope. The Corporate Sustainability Due Diligence Directive (CSDDD) scope is reduced to companies with over 5,000 employees and €1.5bn turnover. The agreement removes the EU harmonised liability regime from CSDDD, eliminates climate transition plan requirements, and postpones the transposition deadline to 26 July 2028 with compliance required by July 2029. The Legal Affairs Committee votes on 11 December 2025, followed by Parliament's plenary vote in December, before formal adoption by both institutions.

Lexis+ Financial Services—daily round-up (8 December 2025)

A round-up of financial services developments.

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