On 10 June Nikhil Rathi, the FCA’s CEO, appeared before the Treasury Select Committee. The opening volley of questions was focused on the risks presented by illegal financial promotions on social media and, relatedly, the...more
6/23/2025
/ Consumer Protection Laws ,
Enforcement ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Promotions ,
FinTech ,
Fraud ,
Influencers ,
OFCOM ,
Online Platforms ,
Regulatory Requirements ,
Social Media ,
UK
Fraud now accounts for 40% of crime in England and Wales. However, in this era of strained public finances, and the often international dimension to consumer fraud, the Government’s approach has often been to look to the...more
The Economic Crime and Corporate Transparency Act was passed by Parliament on 26 October. The Act makes significant changes to the law of corporate criminal liability....more
11/6/2023
/ Corporate Crimes ,
Corporate Liability ,
Criminal Liability ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
Fraud ,
Regulatory Oversight ,
Regulatory Standards ,
Transparency ,
UK
The FCA released its 2022/23 Annual Report last week together with data on its key enforcement trends. We consider below some of the key takeaways....more
7/28/2023
/ Annual Reports ,
Anti-Money Laundering ,
Artificial Intelligence ,
Compliance ,
Consumer Protection Laws ,
Criminal Investigations ,
Enforcement Actions ,
Enforcement Statistics ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
Fraud ,
Investigations ,
UK