News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Bill Steinman
Contributing Editor
As we approach the anniversary of the Financial Conduct Authority’s first published set of aggregated results, it’s a good time to review what that means for risk managers across the UK and Europe.… Continue Reading
The number of dawn raids conducted by the Financial Conduct Authority (FCA) has almost doubled over the past year, from 13 in 2017 to 25 in 2018.… Continue Reading
The Financial Conduct Authority’s (FCA) chief executive Andrew Baily has said that Brexit will place “considerable demands” on his organization over the next year.… Continue Reading
More than 15 million people in the UK routinely miss out on refunds, replacement products, and getting other problems sorted because they don’t know how to complain with confidence.… Continue Reading
I have commented on several occasions about whistleblowing, so my thoughts on the subject are already well documented. I am a strong advocate of whistleblowing as a means of policing rogue companies or the individuals they employ.… Continue Reading
It has long been recognized that a critical principle of good governance and compliance is the implementation, promotion and communication of the right tone at the top.… Continue Reading
The UK Financial Conduct Authority fined India’s Canara Bank about $1.2 million Wednesday for a series of AML failures and barred it from accepting deposits from new customers for nearly five months.… Continue Reading
Barclays chief executive Jes Staley was fined £642,430 ($871,000) by UK regulators Friday for trying to identify an anonymous whistleblower who made allegations about Staley’s role in recruiting another employee.… Continue Reading
The case of Barclays chief Jes Staley attempting to unmask an anonymous whistleblower came to an almost imperceptible and silent ending recently when the UK’s Financial Conduct Authority concluded that Staley’s actions were not done intentionally but apparently with some other, lesser standard.… Continue Reading
An ombudsman for the Financial Conduct Authority said the agency should apologize to a former Royal Bank of Scotland employee after it revealed his name during a whistleblower investigation in 2013.… Continue Reading
The new chief of the regulator of the financial services industry in the United Kingdom is a former corporate finance partner at magic circle firm Slaughter and May.… Continue Reading
Rob Gruppetta, Head of the Financial Crime Dept. at the FCAArtificial intelligence will always be a “work in progress” in fighting money laundering and won’t entirely replace humans and their intuition, a top UK regulator said.… Continue Reading