On 8 June 2022, and to coincide with the introduction of amendments to the Economic Crime (Transparency and Enforcement) Act 2022 (“the Economic Crime Act”), the UK’s Office of Financial Sanctions Implementation (“OFSI”)...more
At the end of June 2020, the Financial Conduct Authority (the “FCA”) issued a public censure to Redcentric PLC for market abuse resulting from significant accounting errors. The resolution is particularly eye-catching because...more
7/8/2020
/ CFOs ,
Compensation Schemes ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Inflated Financial Statements ,
Internal Investigations ,
Market Abuse ,
Publicly-Traded Companies ,
Resignation ,
Self-Reporting ,
Settlement Negotiations ,
Shareholders ,
UK
The shock waves from the German authorities’ tax evasion investigation into cum-ex transactions, a complex form of dividend arbitrage, continue to be felt throughout Europe. A large number of UK and European financial...more
12/10/2019
/ Arbitrage ,
Capital Gains ,
Capital Gains Tax ,
Criminal Investigations ,
Criminal Prosecution ,
Dividends ,
Enforcement Actions ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Germany ,
Securities Transactions ,
Tax Evasion ,
Trading Plans ,
Withholding Tax