FCA fines Santander £108m for “significant and persistent” AML failures

The Financial Conduct Authority has issued one of its biggest-ever penalties to Spanish lender Santander's UK business for failing to prevent its customers from potentially laundering hundreds of millions of pounds.

People News: Fraud Section litigation head joins Squire Patton Boggs

In the latest people news roundup, Squire Patton Boggs has recruited a senior official from the US Justice Department and a former UK enforcement lawyer is set to join WilmerHale.

Russian intelligence agent indicted for sanctions breach

Andrii Derkach was sanctioned in 2020 for his involvement in a disinformation campaign targeting, among others, US President Joe Biden.

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In-house
Glenn Leon: data analytics in corporate compliance not about the “shiniest tool”

The head of the DOJ’s fraud section said in-house lawyers should make the most of their resources when introducing data analytics into their company’s compliance programme, and indicated that more enforcement actions …

Airbus export control head: diversion of parts to Russia is company’s “biggest worry”

Speaking at a GIR Live conference in London on Thursday, Lesley Davey outlined the company’s response to sanctions on Russia following the country’s invasion of Ukraine.

DOJ, SEC officials build out expectations on company ephemeral messaging rules

Justice Department and SEC officials want companies under investigation to present the rules they have in place for employees’ usage of such messaging platforms.

People News: Credit Suisse brings in new compliance chief

In the latest roundup, Swiss lender Credit Suisse has brought in a new chief compliance officer after her predecessor was in the role for just one year, while several law firms have …

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