As financial crime compliance pressures grow, the UK Financial Conduct Authority (FCA) continues to emphasise the significance of its Financial Crime Guide (FCG) as part of the overarching regulatory framework for financial...more
6/5/2024
/ Banking Sector ,
Cryptoassets ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Investigations ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Assessment ,
Sanctions ,
Senior Management Regime (SMR) ,
UK
Nick Ephgrave QPM was appointed as Director of the Serious Fraud Office (SFO) back in September 2023. In his first speech he said he wants to reward whistleblowers. We take a look at the pros and cons of incentivising...more
3/14/2024
/ Department of Justice (DOJ) ,
Dodd-Frank ,
Foreign Corrupt Practices Act (FCPA) ,
HMRC ,
Incentives ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Tax Fraud ,
UK ,
UK Competition and Markets Authority (CMA) ,
Whistleblower Awards ,
White Collar Crimes
This is the last post in our series on the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) proposals to introduce a new regulatory framework on diversity and inclusion (D&I) in the financial...more
12/22/2023
/ Banking Sector ,
Corporate Culture ,
Corporate Governance ,
Data Protection ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Prudential Regulation Authority (PRA) ,
Risk Management ,
UK
The UK Financial Conduct Authority's consultation on diversity and inclusion (D&I) in financial services proposes new rules and guidance on identifying and taking action in relation to non-financial misconduct such as...more
12/14/2023
/ Bullying ,
Diversity and Inclusion Standards (D&I) ,
Employee Misconduct ,
Employees ,
Employer Liability Issues ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
International Labor Laws ,
Proposed Rules ,
Prudential Regulation Authority (PRA) ,
Senior Managers ,
Sexual Harassment ,
UK
The FCA is focused on reducing non-financial misconduct to enhance the reputation of the UK financial services sector. Spurred on by positive levels of engagement with its 2021 discussion paper, the FCA’s latest consultation...more
12/13/2023
/ Banking Sector ,
Code of Conduct ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Employee Misconduct ,
Employees ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Internal Investigations ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Senior Management Regime (SMR) ,
SMCR ,
UK
The long-awaited Economic Crime (Transparency and Enforcement) Act received royal assent this morning, after having been fast tracked through the UK Parliament. Here are the key reforms of relevance to businesses....more
The long-awaited Economic Crime (Transparency and Enforcement) Bill (Bill) is being fast tracked through the UK Parliament. Here are the key reforms of relevance to businesses. ...more