R v TOM HAYES & CARLO PALOMBO [2024] EWCA 304 On 27 March 2024, the Court of Appeal (Bean & Popplewell LJJ, Bryan J) dismissed the appeals against conviction following referrals of the appeals to the Court of Appeal by the...more
5/2/2024
/ Appeals ,
Appellate Courts ,
Banking Sector ,
Code of Conduct ,
Commercial Loans ,
Criminal Convictions ,
Evidence ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Libor ,
Objective Falsity ,
Stare Decisis
As the COVID-19 pandemic evolves so, too, does the threat of economic crime. Recent reports into fraud since the start of the pandemic highlight the extent of this threat but also confirm that the banking and finance industry...more
4/22/2021
/ Coronavirus/COVID-19 ,
Corporate Crimes ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Reporting ,
Financial Services Industry ,
Fraud ,
Insider Trading ,
Market Manipulation ,
Remote Working ,
Risk Assessment ,
Risk Management ,
UK
In the first prosecution of its kind brought by the Financial Conduct Authority (FCA), Konstantin Vishnyak has been acquitted by a jury at Southwark Crown Court of one count of destruction of documents under the Financial...more
Under the Senior Managers and Certification Regime (“SMCR”), firms are required to identify and report to the FCA any instances of disciplinary action taken in relation to conduct that would amount to a breach of one of the...more
2/10/2020
/ Artificial Intelligence ,
Banking Sector ,
Blockchain ,
Bribery ,
Cartels ,
Corporate Governance ,
Corporate Misconduct ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Insurance Industry ,
Payment Systems ,
Risk Management ,
SMCR ,
Technology ,
UK ,
United Arab Emirates (UAE) ,
Whistleblower Protection Policies
UK regulations implementing the EU 5th Money Laundering Directive (“5MLD”) came into force on 10 January 2020: the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (“MLR 2019”).
The regulations make a...more
1/31/2020
/ Accountants ,
Amended Regulation ,
AML/CFT ,
Anti-Money Laundering ,
CPAs ,
Cryptoassets ,
Customer Due Diligence (CDD) ,
Digital Wallets ,
Electronic Identification ,
EU ,
Financial Action Task Force ,
Financial Conduct Authority (FCA) ,
Fine Art ,
HM Treasury ,
MLD5 ,
Prepaid Payment Products ,
Real Estate Brokers ,
Registration Requirement ,
Subsidiaries ,
Terrorism Funding ,
Trusts ,
UK ,
Virtual Currency
This is the third in a series of articles in which members of BCLP’s White Collar team review the recent report of the House of Lords Select Committee’s, entitled “The Bribery Act 2010: post-legislative scrutiny”. Here we...more
With the UK on the brink potentially of exiting the EU and business certainty at an all-time low, the Government faces enormous pressure to ensure that the UK remains an attractive place to do business. One very significant...more
3/14/2019
/ Anti-Corruption ,
Criminal Liability ,
Enforcement Authority ,
EU ,
Financial Conduct Authority (FCA) ,
Money Laundering ,
Regulatory Agenda ,
Serious Fraud Office (SFO) ,
UK ,
UK Brexit ,
UK Bribery Act