This month the UK Serious Fraud Office published new guidance about how it assesses the effectiveness of the companies it investigates. The SFO’s eight-page document “Evaluating Compliance Programs” arrived with very little fanfare late last week.… Continue Reading
Millions of documents leaked from a corporate services firm with a posh London address are helping journalists unmask owners of secret offshore companies and the alleged criminal activities of some of those owners.… Continue Reading
The latest Banking Standards Board (BSB) report, an executive summary of the BSB’s annual measurement of the culture in UK financial institutions, has been recently released. The report, the third since the Banking Standards Board started its measurement exercise in 2015, highlights some newsworthy findings about conduct risk in the British banking sector.… Continue Reading
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
A UK court recently concluded that even when there’s ample evidence demonstrating connections to another state, UK courts may nonetheless affirm their own jurisdiction, if there are at least some connections providing a basis to do so.… Continue Reading
In the prior post and this one, I’m looking at big events and trends since the FCPA Blog started publishing 11 years ago, and their impact on corruption, enforcement, and compliance.… Continue Reading
The Financial Conduct Authority refused to approve a compliance officer for an online trader despite almost 20 years of prior experience.
Rupert Nathan worked for Goldenway Global Investments. The firm’s main business is selling foreign exchange and commodity products to retail clients.… Continue Reading
In a landmark ruling, the High Court in London has said that interview notes — made by a company’s external law firm as part of internal investigations into allegations of corruption in Kazakhstan and Africa — are not protected by legal professional privilege.… Continue Reading
The United Kingdom accounting regulator said Thursday it has opened an investigation into KPMG for audits the firm did for long-time client Rolls-Royce Holdings plc.
The Financial Reporting Council or FRC said its decision to investigate KPMG “follows the SFO announcement on 17 January 2017 of a Deferred Prosecution Agreement between the SFO and Rolls-Royce which relates to offenses including conspiracy to corrupt and a failure to prevent bribery.”… Continue Reading
In a prior post for the FCPA Blog, I wrote about the notification injunction granted by the High Court in Holyoake & Anor v Candy & Ors. The case was recently overturned by the England and Wales Court of Appeal, and the notification injunction ordered against the Candy brothers set aside.… Continue Reading