The Financial Services Authority continues its thematic reviews into...
So far, since the Bribery Act came into force on 1st July 2011, the largest fines for activities relating to anticorruption controls have been dished out by the FSA, which regulates the financial...
View ArticleFinancial Conduct Authority publishes Thematic Review of Asset Management...
The Financial Conduct Authority (FCA) has recently published its findings following a “thematic” review of 22 wealth and asset management firms. This report follows highly critical reports by the FCA...
View ArticleMaking Bankers Accountable
Section 7 of the Bribery Act 2010 has not yet been deployed in anger. This is the section that makes it an offence for a commercial organization to fail to prevent bribery. It remains to be seen how...
View ArticleBesso Limited fined by the FCA for anti-bribery systems failings
The FCA recently published its final notice in relation to action it has taken against insurance broker Besso Limited for a failure to take reasonable care to establish and maintain effective systems...
View ArticleWho would be a Regulator?
It’s no fun being a Regulator. Either you are criticised for being supine, and allowing the world to go to hell in a handcart because your ‘light touch’ form of regulation has allowed an excessively...
View ArticleBritish Bankers Association Updated Anti-Bribery and Corruption Guidance May...
The British Bankers Association (BBA) has this month published its new guidance, to assist those in the banking sector to comply with the Bribery Act 2010 as well as the anti-corruption regulatory...
View ArticleKen Clarke reviews the law enforcement response to City scandals
It is reported that Ken Clarke, the Tory Big Beast and former Home Secretary and Minister for Justice, is conducting a wide-ranging review of the ‘UK’s ability to tackle bribery and white collar crime’...
View ArticleForex Investigation - the new blockbuster investigation by the SFO
On 21 July 2014 the director of the Serious Fraud Office formally announced the opening of a criminal investigation into allegations of fraudulent conduct in the foreign exchange market. This...
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