On 13 February 2024, Nick Ephgrave gave his inaugural public speech as the new Director of the UK’s Serious Fraud Office (SFO). With a background in law enforcement, including as assistant commissioner of the Metropolitan...more
In recent weeks, the use of encrypted messaging applications for business purposes has returned to the spotlight. In July 2023, legal challenges surrounding the disclosure of messages on devices used by former Prime Minister...more
9/5/2023
/ Capital Requirements Regulation (CRR) ,
Confidential Information ,
Data Recording ,
Disclosure ,
Encryption ,
Financial Conduct Authority (FCA) ,
Information Commissioner's Office (ICO) ,
Instant Messaging Apps ,
Integrity Policies ,
Money Laundering ,
Prudential Regulation Authority (PRA) ,
Terrorist Financing Regulations ,
UK
As the world watches in horror as the Russian invasion of Ukraine continues to unfold, the UK, as well as its allies and partners, has introduced a number of sanctions and trade restrictions in response. In this Quarterly...more
4/28/2022
/ Bribery ,
Central Bank of Russia ,
Criminal Convictions ,
Cyber Attacks ,
Financial Conduct Authority (FCA) ,
Memorandum of Understanding ,
NCSC ,
Popular ,
Russia ,
Sanctions ,
Serious Fraud Office (SFO) ,
UK ,
Ukraine
In the final Quarterly Review of 2021, we reflect on a year that has seen the UK acclimatise to life outside of the EU, whilst, like the rest of the world, contending with the difficulties brought on by the global coronavirus...more
12/15/2021
/ Anti-Bribery ,
Bribery ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Deferred Prosecution Agreements ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fraud ,
Office of Financial Sanctions Implementation (OFSI) ,
Sanctions ,
Serious Fraud Office (SFO) ,
UK ,
UK Brexit
On 21 October 2021, the UK Financial Conduct Authority (“FCA”) announced that it had fined Credit Suisse (the “Bank”) £147,190,200 for “serious financial crime due diligence failings” in connection with loans that the Bank...more
In our Quarterly Review, we bring you important UK developments relating to business crime, investigations, and regulatory enforcement from the last three months.
As the UK gets used to life outside the EU and implements...more
3/29/2021
/ Asset Freeze ,
Civil Monetary Penalty ,
Corporate Crimes ,
Corruption ,
Criminal Justice Act ,
EU ,
Financial Conduct Authority (FCA) ,
Foreign Corporations ,
HMRC ,
Human Rights ,
Money Laundering ,
NCAs ,
Popular ,
Sanctions ,
Serious Fraud Office (SFO) ,
Travel Ban ,
UK ,
UK Brexit ,
Unexplained Wealth Orders (UWOs)
The FCA has announced its first criminal prosecution under the UK’s Money Laundering Regulations. This is undoubtedly a very significant development for the FCA and should be seen as a warning to firms within scope of the...more
In our Quarterly Review, we bring you important UK developments relating to business crime, investigations, and regulatory enforcement from the last three months. Please contact us if you would like to discuss any of these...more
12/15/2020
/ Anti-Corruption ,
Bribery ,
British Airways ,
Criminal Investigations ,
Deferred Prosecution Agreements ,
Financial Conduct Authority (FCA) ,
FSCS ,
General Data Protection Regulation (GDPR) ,
Life Sciences ,
Medicines and Healthcare Products Regulatory Agency (MHRA) ,
Memorandum of Understanding ,
Modern Slavery Act ,
National Crime Agency (NCA) ,
Office of Financial Sanctions Implementation (OFSI) ,
Popular ,
Serious Fraud Office (SFO) ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
Trafficking ,
UK ,
UK Bribery Act
In our Quarterly Review, we bring you important UK developments relating to business crime, investigations and regulatory enforcement from the last three months.
We commented last month that the scale of the impact of the...more
9/24/2020
/ Airbus ,
Bribery ,
Corruption ,
DPA ,
Enforcement ,
Espionage ,
Financial Conduct Authority (FCA) ,
Fraud ,
Global Human Rights Sanctions Regime ,
HMRC ,
Investigations ,
Money Laundering ,
National Economic Crime Center (NECC) ,
Popular ,
Regulatory Standards ,
Sanctions ,
Sanctions and Anti-Money Laundering Act 2018 (SAMLA) ,
Serious Fraud Office (SFO) ,
UK
In our Quarterly Review, we bring you important UK developments relating to Business Crime, Investigations and Regulatory Enforcement from the last three months. Please contact us if you would like to discuss any of these...more
6/23/2020
/ Bring Your Own Device (BYOD) ,
Coronavirus/COVID-19 ,
Corporate Crimes ,
Cybersecurity ,
EU ,
Financial Conduct Authority (FCA) ,
NCAs ,
NCSC ,
Office of Financial Sanctions Implementation (OFSI) ,
Popular ,
Serious Fraud Office (SFO) ,
UK ,
Unexplained Wealth Orders (UWOs)
Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) published their 2020/21 business plans for on 7 April 2020, 9 April 2020 and 31 March 2020, respectively. This...more