The UK’s Financial Conduct Authority issued its second anti-money laundering annual report in July, emphasizing obligation to prevent financial crime and enhance AML systems and controls in specific ways.
Regulators in the United Kingdom said Wednesday they won’t adopt incentives for whistleblowers like those in the United States but will help businesses improve their internal reporting and whistleblower protections.
The Financial Conduct Authority (FCA) and the Bank of England Prudential Regulation Authority (PRA) said they welcomed the recommendations of the Parliamentary Committee on Banking Standards (PCBS) about whistleblowing.
Speaking at the C5 Anti-Corruption Conference in London Tuesday, Oliver Heald, the UK Solicitor General, announced that Britain’s first anti-corruption plan will be published in the next few weeks.
In a sneak preview, the Solicitor General said that the report will emphasize how coordination across law enforcement and government agencies will improve and responses will be faster, thebriberyact.com… Continue Reading
The Financial Conduct Authority fined Barclays £26 million ($43.9 million) after accusing a former trader at the bank of improperly influencing gold prices at the expense of a customer.
The FCA said in its final notice Friday that it had imposed the fine because Barclays did not adequately manage conflicts of interest between itself and its customers.… Continue Reading
The British Bankers’ Association recently issued its 2014 Anti-Bribery and Corruption Guidance, emphasizing the regulatory context and in particular the Financial Conduct Authority’s policies, recent thematic reviews and enforcement action.… Continue Reading
The UK’s Financial Conduct Authority (FCA) issued its first warning notices on Monday to two bankers who allegedly manipulated benchmark interest rates.
The FCA didn’t release the names of the bankers or their employers.… Continue Reading
The UK’s Financial Conduct Authority (FCA) has fined JLT Specialty Limited (JLT) over £1.8 million for failing to have appropriate checks and controls in place to guard against the risk of corruption or bribery when making payments to overseas third parties.… Continue Reading
JP Morgan Chase reached a tentative deal with the DOJ this weekend to settle a slew of past transgressions for $13 billion.