Region: United Kingdom

FCA: challenger banks at higher risk of facilitating financial crime

22 April 2022

UK official’s comment hints at disagreement over disclosure rules for fraud cases

The official’s comments appear to suggest a disconnect between the views of the Attorney General’s Office and the Serious Fraud Office, which is pushing for a change in the rules governing disclosure obligations in criminal cases.

22 April 2022

FCA obtains £2m forfeiture from fintech company

21 April 2022

Wood Group reveals foreign bribery investigation legal fees

20 April 2022

Former Coca-Cola executive sentenced over UK bribery scheme

In a first for the UK’s Met Police, a London court also sentenced three companies for failing to prevent bribery.

14 April 2022

People News: Manhattan US attorney appoints a chief counsel

In the latest round-up, US Attorney Damian Williams adds to his senior leadership team, another former FinCEN official heads to a crypto exchange and a US firm has launched a new strategic risk and crisis management practice.

12 April 2022

UK accounting watchdog probes Deloitte over transport company audits

As its auditor faces regulatory scrutiny, transport network operator Go-Ahead said the UK’s Serious Fraud Office is “aware” of fraud allegations against the company.

12 April 2022

Lawyer denies “tipping off” client about SFO probe

The UK’s Serious Fraud Office has charged commercial solicitor William Osmond with illicitly disclosing the existence of a money laundering investigation.

11 April 2022

HMRC issues biggest ever penalty for illicit weapons exports

Experts are concerned by the anonymous HMRC settlement. “The fact it’s such a high figure indicates two things: One, it’s pretty damn serious. Two, if it had gone to a criminal trial the fine could have been a lot more,” said one former prosecutor.

08 April 2022

JPMorgan attacks Nigeria’s case theory in OPL 245 fraud lawsuit

On the final day of a civil trial over JPMorgan’s liability in a Nigerian bribery scandal, the bank said Nigeria’s reluctance to implicate a former president in corruption has hamstrung the case.

07 April 2022

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