ACI reaffirms manager liability for fraud

"It is their duty to ensure the systems and controls in place within their organisations are robust enough to swiftly identify erroneous trades or employee wrongdoing," said the ACI.

It is rare for frauds to be perpetrated through highly complex trading scams or through the actions of criminal masterminds, the ACI said. "More usually it is through a simple exploitation of lax controls, such as poor confirmation details checking, or poor oversight and challenge by a firm’s senior management."


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: