Financial Crime Watch: October 2024
07 October 2024
Welcome to Financial Crime Watch, our review of developments in financial crime, regulation and relevant cases, brought to you by Browne Jacobson’s compliance and regulatory experts.
In each issue, we feature publications and announcements relating to fraud, bribery, sanctions and money laundering, as well as regulatory compliance. We look at the implications for our clients inside the financial services sector and beyond.
In this edition, we look at:
- Starling: paying the price for failures in financial crime systems and controls
- What recent FCA speeches are telling us about the approach to compliance and the proposals to “name and shame”
- The new Trade, Aircraft, and Shipping Sanctions (Civil Enforcement) Regulations 2024
- Forced labour goods – a landmark decision that could have a huge impact on supply chains
- Home Office’s Preliminary Findings and Direction of Travel in relation to the disclosure process: what could it mean for fraud cases
- Recent FRC enforcement against MacIntyre Hudson LLP and two former employees
We hope you find our publication interesting and useful. To discuss how we can help in any way, please contact a member of the team as below.
Contents
- Starling: Paying the price for failures in financial crime systems and controls
- What are recent FCA speeches telling us
- Understanding the Trade, Aircraft, and Shipping Sanctions (Civil Enforcement) Regulations 2024
- Forced labour goods: a landmark decision
- Preliminary findings and direction of travel: Disclosure process for fraud cases
- FRC awards financial sanctions for breach of audit requirements
Our people
Helen Simm
Partner
Jeremy Irving
Partner
Paul Wainwright
Partner
Tom Murrell
Associate
Lydia Pincott
Trainee Solicitor
Paul Wainwright
Partner
paul.wainwright@brownejacobson.com
+44 (0)121 237 4577
Contact Paul
Related expertise
You may be interested in...
15 October 2024
Legal Update
Romance fraud, online scams and cyber fraud: How banks are now protecting your money
07 October 2024
Legal Update
Strengthening the fight against financial crime: A unified approach
07 October 2024
Legal Update - Financial Crime Watch
Financial Crime Watch: October 2024
01 October 2024
Legal Update
Starling: Paying the price for failures in financial crime systems and controls
10 September 2024
Legal Update
Motor finance complaints on hold: Why now is the time for strategic action
06 September 2024
Legal Update
FRC awards financial sanctions against MacIntyre Hudson LLP and two former employees for breach of audit requirements
30 August 2024
Published Article
General insurance claims part 3: evidence of the insurance markets’ learnings from the consumer duty
15 August 2024
Legal Update
Publication of Home Office’s Preliminary Findings and Direction of Travel in relation to the disclosure process
09 August 2024
Published Article - Consumer Duty
General insurance claims: The consumer duty’s easy target? (part 2: ‘a history of warnings’)
26 July 2024
Legal Update
Using AI to help spot vulnerable customers
02 July 2024
Legal Update - DORA
EU Digital Operational Resilience Act: Countdown to comply with the January 2025 deadline
28 May 2024
Legal Update
The European Accessibility Act: Inclusive products and services
28 May 2024
Legal Update
The FCA comments on competition between big tech firms and financial service firms
28 May 2024
Legal Update - Consumer Duty
The Financial Conduct Authority’s approach to AI regulation
24 May 2024
Published Article - Consumer Duty
General insurance claims: The Consumer Duty’s easy target?
24 April 2024
Legal Update
The EU AI Act: What does it mean for insurers?
27 February 2024
Legal Update
The regulators’ pet project
14 February 2024
Legal Update
UK falls to lowest position for corruption – so what’s going wrong?
26 January 2024
Legal Update
Adapting to change or falling behind? The FCA under fire from the National Audit Office
26 January 2024
Legal Update
Premium finance – a poverty premium
08 December 2023
Legal Update
The downfall of Vesttoo: Fraudulent letters of credit
24 November 2023
Published Article - Consumer Duty
How ‘operational resilience’ enables compliance with the ‘consumer duty’ and ‘vulnerable customers’
22 November 2023
Legal Update
Failure to prevent fraud: how can my organisation prepare?
27 October 2023
Legal Update
Customers in financial difficulty: Cost of living crisis and the FCA
27 October 2023
Legal Update - Consumer Duty
Insurance industry Consumer Duty update – Fair value, FCA Dear CEO letters and multi-occupancy buildings
20 July 2023
Published Article
Three peaks of consumer protection: Part two — intolerable harm
02 June 2023
Published Article
The three peaks of customer protection: How ‘operational resilience’ enables compliance with the ‘Consumer Duty’ and ‘Vulnerable Customers’
24 May 2023
Legal Update
Fraud Strategy: Stopping Scams and Protecting the Public
24 May 2023
Legal Update
The House of Lords Fraud Act 2006 and Digital Fraud Select Committee Report
24 May 2023
Legal Update
Sanctions round-up - May 2023
24 May 2023
Legal Update
SFO secures first conviction for individual connected to Deferred Prosecution Agreement
24 May 2023
Legal Update
Fraud – early success for the SFO
24 May 2023
Legal Update - Financial Crime Watch
Financial Crime Watch - May 2023
16 May 2023
Legal Update
AI modelling biases in quote engines
29 March 2023
Legal Update
Pitfalls for retailers to avoid when offering access to ‘buy now, pay later’ products
04 January 2023
Published Article - Consumer Duty
Consumer duty part 3 - 'The drill-down' into the 'cross-cutting' rules
13 December 2022
Legal Update
Code of Conduct for ESG data and ratings providers – bridging the authenticity gap
11 December 2022
Legal Update - ESG in 3D
ESG in 3D, December 2022
11 December 2022
Legal Update
Code of Conduct for ESG data and ratings providers
11 December 2022