Following consultations published last year by His Majesty's Treasury (“HMT”), and also by the Financial Conduct Authority (“FCA”) and the Financial Ombudsman Service (“FOS”) jointly, we now have some clarity as to how the...more
The UK Financial Conduct Authority (“FCA”) has announced that it has begun legal proceedings in the English courts against global crypto exchange HTX (formerly Huobi) and persons unknown (being those individuals who operate...more
2/19/2026
/ Consumer Protection Laws ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Financial Promotions ,
FSMA ,
Injunctions ,
Regulatory Oversight ,
Regulatory Requirements ,
UK
The UK's Financial Conduct Authority (“FCA”) has published the first issue of a regular bulletin covering insights and themes from its current Enforcement work....more
2/17/2026
/ Anti-Money Laundering ,
Banks ,
Cryptoassets ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Regulatory Oversight ,
Risk Management ,
UK
This publication examines the latest developments in ESG compliance, focusing on the current state, global trends, and the outlook for 2026. It discusses the recent slowdown in new EU ESG regulations, such as the revision and...more
2/5/2026
/ Compliance Management Systems ,
Corporate Sustainability Reporting Directive (CSRD) ,
Due Diligence ,
Enforcement Actions ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
Popular ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
Supply Chain ,
Sustainability
In the recent case of King Crude Carriers SA & Ors v Ridgebury November LLC & Ors the UK Supreme Court focuses on an esoteric point of law as to the true meaning of a case called Mackay v Dick, decided in 1818, in Scotland....more
In a recent judgment, the English Administrative Court considered the lawfulness of a decision by the Financial Conduct Authority (“FCA”) to publicly announce a regulatory investigation into a firm, including naming the firm....more
Corporate finance firms (“CFFs”) are vital to the growth and success of the UK economy. They help businesses raise money by connecting them with investors or lenders. The nature of their business means that it is essential...more
11/24/2025
/ AML/CFT ,
Anti-Money Laundering ,
Compliance Monitoring ,
Customer Due Diligence (CDD) ,
Due Diligence ,
Financial Conduct Authority (FCA) ,
Investors ,
Money Laundering ,
Regulatory Oversight ,
Risk Management ,
UK
The Financial Conduct Authority (“the FCA”) has published final guidance on the treatment of politically exposed persons (PEPs) for anti-money laundering purposes, which updates its Guidance issued in 2017 (“the 2017...more
A version of this article first appeared in Butterworths Journal of International Banking and Financial Law in June 2025.
In the case of IDBI Bank Limited v Axcel Sunshine Limited & Ors the English High Court held that,...more
Lenders in the retail market will be familiar with the Etridge protocol, which (in summary) requires them to ensure that the guarantor of a loan must first obtain independent legal advice, in order to minimise the risk that...more
The UK’s Financial Conduct Authority (FCA) has published Policy Statement PS25/5, Our Enforcement Guide and greater transparency of our enforcement investigations, setting out the changes it is making to its Enforcement Guide...more
In the recent case of Dosanjh v Balendran, the High Court granted an order for the winding up of a company on the just and equitable ground following a petition by one of the company’s two shareholders. Winding up has been...more
Ever since the Supreme Court held, in Philipp v Barclays Bank plc1(Philipp), that claims based on the Quincecare duty against the payment services provider (PSP) which paid the funds away were not open to victims of...more
While recent announcements have focussed on the government’s growth agenda, HM Treasury (HMT) has also now pressed ahead with publishing final draft regulations limiting the rights for banks and other payment service...more
Banking fraud of all types is an ever increasing problem in today’s society, and takes a multitude of forms. On a basic level, frauds can be divided into two types. Unauthorised fraud, where the victim does not provide...more
4/18/2025
/ Appellate Courts ,
Banking Sector ,
Banks ,
Financial Crimes ,
Financial Services and Markets Act ,
Fraud ,
Payment Systems ,
Popular ,
Summary Judgment ,
UK ,
UK Supreme Court
Cases on Material Adverse Effect (“MAE”) clauses (also known as Material Adverse Change, or MAC, clauses) rarely come before the English courts, so there are limited English authorities on their construction. The High Court...more
The House of Lords Financial Services Regulation Committee (“FSRC”) has published a report on the Financial Conduct Authority’s (“FCA”) proposals to change its approach to announcing enforcement investigations, from...more
Banks and EMIs will need to consider the impacts of proposed new requirements to comply with information notices and account direct deduction orders on their policies, procedures and controls. For information notices, this...more
Late last month the UK Financial Conduct Authority (FCA) published consultation paper CP24/2 Part 2, through which it is seeking views on “significant” changes to its proposals to announce the opening of an enforcement...more
This month the UK Financial Conduct Authority (FCA) published its Annual Report and Accounts covering the period April 2023 – March 2024, which includes information on its enforcement activity during that period. The FCA has...more
The UK Financial Conduct Authority (FCA) has brought criminal charges against nine individuals in relation to an unauthorised foreign exchange trading scheme promoted on social media....more
The concept of the “shareholder principle” in English law provides that a company cannot assert privilege against its own shareholders, unless the privileged documents in question were created for the dominant purpose of...more
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) introduces two new "pay away" exemptions to the principal money laundering offences in sections 327, 328 and 329 of the Proceeds of Crime Act 2002 (POCA)....more
The UK Financial Conduct Authority (FCA) has reminded firms supporting and facilitating unregistered cryptoasset firms of their obligations under the Proceeds of Crime Act 2002 (POCA), specifically highlighting how they may...more
On 1 August 2023, Ukraine became a Contracting State to the Hague Convention on Choice of Court Agreements 2005 (the “Choice of Court Convention”), joining the EU, Mexico, Montenegro, Singapore and the UK....more