The National Crime Agency (NCA) published an updated guidance note for anti-money laundering supervisors targeted at improving the quality of suspicious activity reports (SARs) to make the best possible use of SARs and to minimise unnecessary delays, particularly where a defence against money laundering (DAML) has been sought.
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To operate lawfully, firms that broker credit to consumers by way of business must be registered with and authorised and regulated by the Financial Conduct Authority (FCA).
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On 16 July 2019 the Serious Fraud Office released details of the Deferred Prosecution Agreement reached with Sarclad Ltd in July 2016.
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The FCA are encouraged to find that the implementation of the new rules has encouraged financial institutions to manage whistleblowing cases and concerns fairly, consistently and in a manner that protects the individual whistleblower.
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The FCA, the UK’s banking regulator, has launched an investigation into the latest banking crisis to affect members of the public, namely TSB customers.
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The High Court’s decision earlier this year on legal professional privilege in Director of the Serious Fraud Office v Eurasian Natural Resources Corporation Ltd was surprising to many in the profession.
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As of 7 March 2017, firms authorised by the FCA are subject to a stricter regime in terms of obtaining, and providing, employment references.
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The potentially destructive economic effects of climate change are well documented, yet businesses and politicians alike, are failing to address the issue.
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The Bank of England has recently made some interesting comments on the value of its FinTech Accelerator, stating that it was set up “precisely to develop our practical experience of FinTech.”
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Researchers at University College London, Sheffield University and Pennsylvania University have used artificial intelligence (AI) to correctly predict the outcomes of cases heard in the European Court of Human Rights (ECHR) with 79% accuracy.
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