The Financial Conduct Authority is failing to stop financial fraud because criminals are finding ways round its limited actions and technologies, said lawyers, who are calling for government legislation to boost the watchdog's powers.
The Financial Conduct Authority is failing to stop financial fraud because criminals are finding ways round its limited actions and technologies, said lawyers, who are calling for government legislation to boost the watchdog's powers.
The Financial Conduct Authority has slapped a pension adviser with a ban on carrying out regulated activity after a series of breaches, including a failure to pay off an arbitration award.
Burges Salmon LLP has denied an investment banker's allegations it negligently led him into a "hopeless" case, telling a London court it advised the financier he was likely to lose his claim that he was excluded from the creation of an investment strategy.
Insurance services company Aon has pinned the blame for the fall of a Gibraltar insurer on the company's directors, shrugging off a negligence claim of more than £50 million ($67 million) over its actuarial work.
A mortgage adviser has lost his case that a settlement with his employer to end health insurance and pension-related claims did not compromise a linked appeal, with an appeal tribunal concluding the settlement encompassed the entirety of his case.
Two flagship legal tools introduced to help Britain tackle kleptocracy are failing, Spotlight on Corruption has said, as the charity published a report on the flow of illicit money into the domestic economy.
The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.
