The Financial Conduct Authority has been given a lead role in targeting money laundering, crypto-assets and money transfer scams in a government fraud strategy involving multiple agencies, which lawyers expect will boost enforcement action and heap a new compliance burden on financial institutions.
The Financial Conduct Authority has been given a lead role in targeting money laundering, crypto-assets and money transfer scams in a government fraud strategy involving multiple agencies, which lawyers expect will boost enforcement action and heap a new compliance burden on financial institutions.
The Financial Conduct Authority set out plans on Thursday to use artificial intelligence as a regulatory tool to authorize businesses and detect harm faster in its annual work program.
The accounting watchdog has launched a modernized supervisory framework for audit firms, centered on their systems of quality management used to deal with risks to audit quality.
Crispin Odey denied at a tribunal on Thursday that he threatened to shut down his hedge fund to force executives not to impose restrictions on him to safeguard women at the firm after repeated allegations of sexual misconduct.
The U.K. sanctioned on Thursday a "key lieutenant" to the billionaire businessman behind Cambodia's scam centers as well as a major crypto marketplace catering to fraudsters in the latest crackdown on online threats that target Britons.
A bank in Wales must help pay a former senior executive's costs in a dispute over claims that it fired him for raising concerns that his line manager was allegedly accepting bribes from the CEO.
The Financial Services Compensation Scheme said Thursday that it wants to automate routine tasks with artificial intelligence technology in the next five years.
A greater understanding by workers of the looming threat posed by inadequate pension savings will place increasing pressure on employers to offer more compelling retirement plans, Hymans Robertson has said.
European Union lawmakers passed a new set of bloc-wide anti-corruption rules on Thursday that will streamline legal definitions and set out penalties for bribery, misappropriation and economic crimes as the bloc seeks to crack down on corruption across borders.
Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.
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