Amid the uncertainty brought about by the end of the Brexit transition period and the ongoing COVID-19 pandemic, firms should be aware that the FCA will retain an active approach to financial crime and regulatory enforcement...more
2/16/2021
/ Asset Management ,
BSA/AML ,
Economic Sanctions ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Markets ,
Market Abuse ,
Senior Managers ,
Short Selling ,
UK
In response to COVID-19, Multilateral Development Banks (“MDBs”)1 have pledged US$213.5 billion of financing for projects, in addition to the US$95 billion in new financing commitments pledged during 2019....more
12/8/2020
/ Anti-Corruption ,
Asset Management ,
Economic Sanctions ,
Financial Institutions ,
Investigations ,
Investment ,
MDBs ,
Private Equity ,
Risk Management ,
Supply Chain ,
World Bank
The FCA’s Business Plan for 2020/21 comes at a time of great uncertainty in the financial markets. The FCA’s primary focus will be on mitigating the impact of COVID-19 on the markets and protecting consumers in this regard,...more
The Director-General of OLAF, Ville Itälä, has indicated in a recent interview that OLAF is seeking to coordinate more with authorities in EU Member States to increase the number of prosecutions brought for EU budget fraud....more
5/5/2020
/ Asset Management ,
Coronavirus/COVID-19 ,
Criminal Investigations ,
Criminal Prosecution ,
Deferred Prosecution Agreements ,
Enforcement Actions ,
EU ,
European Anti-Fraud Office (OLAF) ,
Financial Assistance Policies ,
Fraud ,
Health Care Providers ,
Publicly-Traded Companies ,
UK
The UK’s Financial Conduct Authority (FCA) has published proposed rules to extend the senior manager & certification regime (SMCR) to all financial services firms....more