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
During parliamentary questions in December 2016, Amber Rudd, the Home Secretary, announced that “The Cabinet Office will look at the UK’s response to economic crime more broadly” including the role and effectiveness of the Serious Fraud Office.… Continue Reading
A few weeks ago, I had the opportunity to learn about the inner workings of the International Foreign Bribery Taskforce (IFBT). Not familiar with the IFBT? It doesn’t get a lot of attention.… Continue Reading
The Queen’s former deputy property manager was convicted Tuesday of taking bribes and kickbacks to award contracts and push for a Royal Warrant.
Ronald Harper, 63, a senior member of the Royal Household staff, was convicted at Southwark Crown Court in London of conspiracy to take corrupt payments.… Continue Reading
Fraud is costing the UK a staggering £193 billion ($282 billion) a year, according to a new report.
The job of the UK’s top financial regulator includes enforcing requirements to designate compliance officers with defined professional roles and duties.
A lot of the regulations the Financial Conduct Authority enforces are based on EU-wide rules.… Continue Reading
Prime Minister David Cameron hosted an international anti-corruption summit in London Thursday and used the event to announce steps to end the secret ownership of property in the UK by foreigners.… Continue Reading