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A summary of key compliance stories from around the globe in January. Record fine for H20 and CEO banned for five years. OECD warns pension funds over illiquid asset risks. Coinbase agrees $100m deal with New York regulators over AML...

In the UAE, the Central Bank has formed a National Fraud Awareness Campaign in conjunction with Abu Dhabi police, Dubai police and others aimed at motivating customers to fight fraud by being informed. It has been reported that Dubai police...

In January 2023, Meta (the owner of Facebook and Instagram) was fined €390 million by the Irish privacy regulator for breaking EU data protection rules. Whilst Meta plans to appeal the fine, it is an important example of how costly...

A summary of key compliance stories from around the globe in December. FCA issues first fine over British Steel pension mis-selling. FCA warns firms over CFD mis-selling. NCA anti-kleptocracy cell makes three arrests. City regulators told to up their game...

Ex-Jones Day partner fined £25,000 over “burn” advice. BlackRock suffers $1bn pullback over ESG. HSBC ad’s banned for “greenwashing”. US directors resign after US DoJ rules over antitrust laws. KPMG head of Lower Gulf to resign. Senior Deloitte partner retires...

In March 2022, the FCA fined GAM International Management £9m for failing to manage conflicts of interest in relation to its dealings with Greensill Capital. The FCA also fined one of its former investment managers £230k for failing to declare...

A summary of key compliance stories from around the globe in November. New York judge drops charges for Libor-rigging against Hayes. £12m payout for treating clients unfairly during the Covid pandemic. OFSI publishes its annual review including key sanctions stats....

With rising concern about climate change pushing people to act in a responsible and sustainable way, the demand for financial services products and services with green or ESG (Environmental, Social and Governance) credentials is increasing. As a result, so too...

Financial services firms are typically subject to specific regulatory obligations in relation to how they handle client complaints. Here are four key reminders to share with staff across your firm as to why complaints are important.

A summary of key compliance stories from around the globe in October. AJ Bell chair quits over FCA corporate governance decision. Kim Kardashian to pay $1.26m to settle crypto charges. KPMG fined in Dubai over Abraaj audit. Leonteq and EY...

Cross-party UK MPs call for action on Russian dirty money. DE Shaw former money manager awarded $52 by Finra. Apple lawyer admits to insider trading. Brussels considering EU-wide agency for sanctions. ESMA admits to lacking skills to run consolidated price...

A summary of key compliance stories from around the globe in September. NatWest refunds £600k over “bundling”. Hedge fund manager facing DoJ charges over exchange rate manipulation. UK FCA puts Australian takeover in doubt. Spanish police arrest one of Europe’s...