On 21 July 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) published a sector-specific Cryptoassets Threat Assessment (“the Report”), shedding light on the evolving risks and vulnerabilities in the crypto...more
8/6/2025
/ Anti-Money Laundering ,
Compliance Monitoring ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Economic Sanctions ,
Financial Conduct Authority (FCA) ,
FinTech ,
Office of Financial Sanctions Implementation (OFSI) ,
Risk Assessment ,
Risk Mitigation ,
UK
Serious Fraud Office (SFO) Director Nick Ephgrave has consistently touted the benefits of offering financial rewards to whistleblowers. With the FCA also considering its position on financial incentivisation, and a supportive...more
8/8/2024
/ Cartels ,
CFTC ,
Department of Justice (DOJ) ,
Dodd-Frank ,
Financial Conduct Authority (FCA) ,
HMRC ,
IRS ,
Regulatory Reform ,
Retaliation ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
UK ,
UK Competition and Markets Authority (CMA) ,
Whistleblower Awards ,
Whistleblowers ,
White Collar Crimes
On 20 July 2023, the UK Financial Conduct Authority (FCA) published its Annual Report and Accounts for the year ending March 2023 (the “Report”). The Report represents the first opportunity to assess progress made in the...more
The International Organization of Securities Commissions, or IOSCO, published a consultation report in May titled "Policy Recommendations for Crypto and Digital Asset Markets."
Originally published by Law360 - July 11,...more
7/12/2023
/ Consultation ,
Cross-Border Transactions ,
Cryptocurrency ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fraud ,
Insider Trading ,
IOSCO ,
Market Manipulation ,
Money Laundering ,
New Rules ,
Policy Statement ,
Regulatory Oversight ,
Retail Investors ,
Risk Assessment ,
Risk Management
On 4 November 2022, in the case of FCA v Papadimitrakopoulos & Gryparis1 , the UK High Court reaffirmed the principle that information obtained via Mutual Legal Assistance (MLA) requests can only be used for the purpose for...more
12/7/2022
/ Admissible Evidence ,
Consent ,
Criminal Investigations ,
Criminal Prosecution ,
Evidence ,
False Statements ,
Financial Conduct Authority (FCA) ,
Investigations ,
Law Enforcement ,
Mutual Legal Assistance Treaties (MLAT) ,
UK
On 23 October, the Treasury Committee launched a further inquiry to review what progress has been made in combatting economic crime. While the inquiry is focused on the effectiveness of the existing anti-money laundering...more
The year 2019 has been something of a mixed bag for the UK’s criminal and regulatory authorities. While the Serious Fraud Office (“SFO”) and Financial Conduct Authority (“FCA”) appear to have taken involuntary sabbaticals...more
12/23/2019
/ Alstom ,
Bribery ,
Compliance ,
Corporate Counsel ,
Corruption ,
Criminal Conspiracy ,
Criminal Prosecution ,
Deferred Prosecution Agreements ,
Enforcement Actions ,
Enforcement Statistics ,
Financial Conduct Authority (FCA) ,
Forfeiture ,
Freezing Order ,
GlaxoSmithKline ,
Insider Trading ,
Rolls-Royce ,
Serious Fraud Office (SFO) ,
Tesco ,
UK ,
UK Criminal Finances Act 2017 ,
Unexplained Wealth Orders (UWOs) ,
White Collar Crimes