20 May, 2022 The FCA unveils new reporting platform for sanctions breaches By Francis Bond Georgia O'Connor The Financial Conduct Authority (FCA) has launched a new financial sanctions evasion reporting platform for regulated entities, in a bid...
10 Mar, 2022 The Economic Crime Bill: passed at rapid speed By Max Hobbs The House of Commons passed the Economic Crime (Transparency and Enforcement) Bill (ECB) on Monday, after an extraordinarily speedy...
18 May, 2021 The first buds of spring: new cannabis company float shows take up of FCA listing rules By Max Hobbs Those who work in the nascent legal cannabis industry in the UK, including investors and advisors, will be interested to note that a new...
12 May, 2021 Not so wise: the FCA imposes a new fine for anti-money laundering failings By Lorna Emson Max Hobbs The Financial Conduct Authority (FCA) has imposed a £178,000 fine (reduced from £236,740 to avoid serious financial hardship) on Sapien...
14 Jan, 2021 No expansion of the failure to prevent offence... for now By Max Hobbs FCA-regulated companies have been given a reprieve, as an amendment to the Financial Services Bill 2019–21 (FSB), which would have...
11 Jan, 2021 Green shoots: recent developments in the legal cannabis industry By Max Hobbs Investing legally in the cannabis industry has troubled many UK investors and investment managers over the last couple of years. This is...
16 Dec, 2020 Transparan-sea: UK Overseas Territories commit to publicly accessible beneficial ownership registers By Max Hobbs All the inhabited Overseas Territories (OTs) of the United Kingdom (UK) have committed to adopting publicly accessible registers of...
24 Nov, 2020 Record number of money laundering reports submitted in the UK By Helen Harvey The 2020 Suspicious Activity Report (SAR) Annual Report was published on 19 November, reporting a record number of SARs. SARs must be...
23 Jul, 2020 UK to invest £100m in stronger AML checks through tax on banks By Francis Bond The UK is set to go ahead with a £100m investment in improving anti-money laundering systems, funded by a “levy” on financial...
06 Jul, 2020 UK Government acts “without fear or favour” to introduce new human rights sanctions, effective immediately By Francis Bond The UK has begun to detail its post-Brexit sanctions regime, beginning with a series of “Magnitsky” measures (a reference to the late...
03 Jul, 2020 Incoming President of global money laundering body sets out priorities for new term By Helen Harvey Dr Marcus Pleyer of Germany assumed the Presidency of the Financial Action Task Force (FATF) on 1 July 2020, succeeding Xiangmin Liu of...