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The financial sector has an important role to play in preventing and detecting modern slavery - not only through a firm’s direct operations (e.g. staffing, procurement and supply chains) but also through its approach to investment, lending and client relationships....

A summary of key compliance stories around the globe in July. Crypto fund’s ETF application rejected by SEC. EU finalises regulations for crypto assets trading. Credit Suisse facing huge Asia backlog over source of wealthy clients’ funds. Legal battle over...

FCA puts Credit Suisse on watchlist. Claim filed against Woodford fund. Elliott Management claims $456m from LME over cancelled nickel trades. BoE orders banks to improve plans to “fail safely”. JPMorgan wins “fraud” case against Nigeria. Bankers lose jobs over...

UK-listed port operator at risk of sanctions breach for harbouring Abramovich-linked yacht. City minister shifts to positive tone on crypto. Sunak’s wife agrees to pay UK tax on all income. Jersey freezes $7bn of assets linked to Abramovich. Twitter introduces...

Michael Sacks, Director of Digital Learning Strategy at CCL Academy reveals how firms can enhance their compliance training strategy by taking three simple steps. Step 1...

US regulator looking at retail sales practices for “complex products”. Wirecard administrator chasing recovery of dividends and tax. Allianz settles for $5.8bn over US securities fraud. ECB demands big investment banks address “empty shell” desk issue. BNY Mellon fined by...

In April 2022, the FCA released its review of the financial crime controls at six challenger banks. Whilst the review found evidence of good practice, in particular through the innovative use of technology, it also highlighted weaknesses which increased the...

Steelworkers pension redress plan proposed by FCA. US SEC proposes tightening of SPAC requirements. Dubai launches Virtual Asset Regulatory Authority. Tokio Marine says Greensill insurance cover was gained by fraud. FCA outlines strategy for the next three years. Banks worry...

With an increasing number of cyber security incidents reported by the FCA, businesses need to ensure that the fundamentals of cyber security are in place. Here are some timely reminders for staff on their role in protecting the firm against...

Elizabeth Holmes found guilty of defrauding investors in blood-testing company Theranos. KPMG admits to misconduct over Carillion. Horta-Osorio quits as chair of Credit Suisse due to Covid breaches. AGM vote count blunder at Go-Ahead. DWS CEO suspicions related to Porsche...

Two US billionaires investigated over possible insider dealing. Braun charged with fraud over Wirecard. UK and EU accelerate sanctions against Russia. Covid Bounce Back Loan fraud estimates revealed. Only a quarter of crypto firms currently meet FCA requirements. Economic Crime...

Whistleblowing procedures are a crucial part of effective corporate governance and a key back-stop for a positive compliance culture in firms. People who blow the whistle in accordance with the law and regulation play an important role in exposing poor...