16 Feb, 2024 PRA unveils its new early settlement scheme – what might the likely impact be and should we expect similar for FCA Enforcement? By Laura Bridgewater Olivia Pearson Madeleine Brown The Bank of England (Bank) recently published its new policy statement, PS1/24 – The Bank of England's approach to enforcement, on the...
14 Feb, 2024 How many NDAs have you signed? FCA approaches insurers and intermediaries as first recipients of its Non-Financial Misconduct Survey By Lorna Emson Madeleine Brown Olivia Pearson The FCA has this week issued a notice to insurers and insurance intermediaries compelling them to provide it with data about...
07 Dec, 2023 Play your cards right: betting company secures DPA in relation to historic bribery By Helen Harvey Victoria Braid What started off in 2019 as an HMRC investigation into the activities of Entain Plc’s (Entain) former Turkish-facing online betting and...
16 Oct, 2023 UK’s financial regulators consult on new diversity and inclusion rules By Helen Carter Daniel Fisher Olivia Pearson Madeleine Brown +1 more... Show less The Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) have both launched consultation papers on a new...
25 Sep, 2023 Money laundering: cryptoassets, promotions and the proceeds of crime By Lorna Emson Max Hobbs Last Thursday, we published an article highlighting some recent, more unusual, money laundering schemes. We encouraged organisations to...
15 Aug, 2023 Latest round of fines for financial institutions for personal communications record keeping failures By Lorna Emson Madeleine Brown Helen Carter The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have issued a further round of fines to...
25 Jul, 2023 Crime and (deferred) Punishment: What Entain tells us about the role of HMRC and prosecuting bodies By Helen Harvey Victoria Braid In May 2023, FTSE 100 company Entain Plc (Entain) announced that it anticipated receiving a “substantial” financial penalty following an...
13 Jul, 2023 As you were: Supreme Court overturns Court of Appeal decision on broader application of Quincecare By Lorna Emson Nikolas Ireland James Reid Yesterday, the Supreme Court (SC) handed down judgment in Philipp v Barclays Bank UK Plc [2023] UKSC 25. In summary, the SC found that...
05 Jul, 2023 Top of the (fraud) cops: the SFO appoints its new director By Max Hobbs The Serious Fraud Office (SFO) has appointed its new director. Nick Ephgrave QPM, a former assistant commissioner of the Metropolitan...
28 Jun, 2023 Failure to Prevent Fraud: Peers seek to widen the scope By Lorna Emson Helen Harvey Jenny Shelley The government tabled a new failure to prevent (FTP) fraud offence as part of the Economic Crime and Corporate Transparency Bill (ECCT...
08 Jun, 2023 FCA plans response to dissatisfaction of whistleblowers By Helen Carter Daniel Fisher Madeleine Brown In May, the FCA published its findings from a qualitative assessment survey it conducted back in January 2022 to explore the experiences...
17 May, 2023 English High Court denies ClientEarth's "world-first" climate-related derivative action against the directors of Shell By Lois Horne Chloe Edworthy Riley Forson On 12 May 2023, the English High Court denied permission to ClientEarth to proceed with a substantive application for permission to...
17 May, 2023 Enforcement crackdown on use of unauthorised communication channels continues By Lorna Emson Helen Carter Madeleine Brown invAs we wrote about in more detail in our recent article, employee use of personal communications channels for work purposes has become...
11 May, 2023 Better late than never: UK set to update criminal insider dealing framework By Lorna Emson Helen Harvey James Reid The UK is set to implement a new statutory instrument (SI) to align the scope of the UK’s criminal insider dealing regime with the...
20 Apr, 2023 PRA takes enforcement action under the Senior Managers & Certification Regime By Daniel Fisher Madeleine Brown The Prudential Regulatory Authority (PRA) has issued a fine against an individual under the Senior Managers & Certification Regime...
13 Apr, 2023 Failure to prevent fraud - Guilty, until proven innocent (or until reasonable fraud prevention procedures are in place) By Helen Harvey Anna Bondarenko On 11 April 2023, the government finally tabled legislation introducing a much-anticipated new failure to prevent (FTP) fraud offence, as...