This week's news… condensed

‘Schizophrenic' FSA Robert Sinclair (pictured), chief executive of the Association of Mortgage Intermediaries, made some scathing remarks about the Financial Services Authority over its decision to allow Tesco to sell non-advised mortgages. Money laundering Another bank hit the headlines for all the wrong reasons. This time it was Standard Chartered, which was alleged to have assisted in a $250bn money laundering scheme. It admits violations totaling $14m. CMCs The Financial Ombudsman Service may be overhauling its case fee arrangements, but it still sees no reason for claims ma...