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For those working in financial services, it is important to understand how and why enforcement action is taken against firms. This helps us assess our own firm’s AML controls against the key areas of failure highlighted in the cases, and...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; UK FCA publishes its Business Plan for the coming year, UK Treasury planning for lots of...

Peter Haines discusses the ‘new normal’ in terms of hybrid working, and what this means for a firm’s compliance training programme.

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; US regulator forces Silicon Valley Bank to close, Four senior bankers in Switzerland found guilty of...

This quarter's Concerning Conduct, a summary of recent cases concerning culture and conduct, includes; “Overboarding” is a growing issue, Big four in Spain inspected over excessive working hours, EU says half of green claims are misleading, City minister concerned about...

Give your staff insight into the potential risks associated with proliferation financing. Download this focused card to share across your firm. Proliferation financing is the provision of funds or financial services to support the illegal proliferation of weapons of mass...

Proliferation financing can be considered to be the provision or processing of funds which are linked to the illegal manufacture, acquisition, development, transfer or use of chemical, nuclear or biological weapons of mass destruction and their means of delivery and...

A summary of key compliance stories from around the globe in February. UK government consultation issued on crypto regulation. Perella Weinberg banker suspected of insider trading commits suicide. Deutsche Bank’s internal probe finds staff acted in “bad faith”. FCA set...

Financial services regulators place significant focus on the culture of the firms they supervise. They want to see a healthy compliance culture, where business is done in the right way, bringing about positive outcomes for customers. A strong compliance culture...

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...