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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
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

PEPs and EDD: Charlotte Hill on the FCA’s annual AML report

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.

I spoke to Charlotte Hill, a partner in Covington Burling’s London office, and a former lawyer in the enforcement department of FCA’s predecessor, IMRO.… Continue Reading

UK says ‘no thanks’ to U.S.-style whistleblower rewards

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.

Continue Reading

UK unveiling new anti-corruption plan, reviewing white collar enforcement

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.comContinue Reading

UK fines Barclays £26 million for fixing gold prices

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

JP Morgan rap sheet is deep and wide

JP Morgan Chase reached a tentative deal with the DOJ this weekend to settle a slew of past transgressions for $13 billion.

No word yet if the FCPA investigation triggered by the bank’s targeted hiring of princelings in China and elsewhere will be included in the settlement.… Continue Reading