Subject to Inquiry

THE LATEST ON GOVERNMENT INQUIRIES AND ENFORCEMENT ACTIONS

Tag Archives: “Financial Services Authority”

Anti-Bribery and Corruption, Anti-Money Laundering, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation, Fraud, Deception and False Claims June 13, 2014

Ken Clarke reviews the law enforcement response to City scandals

There is also a pivotal issue that needs to be urgently reviewed: is the jury system properly configured to cope with the prosecution of serious and complex fraud?… Continue Reading

Anti-Bribery and Corruption, Anti-Money Laundering, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation January 24, 2013

The Financial Services Authority continues its thematic reviews into anticorruption compliance – now it is the turn of asset managers

So far, since the Bribery Act came into force on 1st July 2011, the largest fines have been dished out by the FSA, which regulates the financial services sector in the UK, rather than by the courts… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends January 30, 2012

Transparency International UK “Deterring and Punishing Corporate Bribery” new publication

TI states that the report intends to provoke discussion and to make recommendations to the UK government and prosecuting authorities that will "help to ensure just, fair and transparent outcomes".… Continue Reading

Anti-Bribery and Corruption December 9, 2011

9th December, International Anticorruption Day

The Assembly also designated 9 December as International Anti-Corruption Day, to raise awareness of corruption and of the role of the Convention in combating and preventing it.… Continue Reading

Enforcement and Prosecution Policy and Trends November 23, 2011

The FSA approach to UK Anti-Bribery & Corruption Enforcement

The Financial Services Authority ("FSA") has clarified its approach to UK Anti-Bribery and Corruption ("ABC") Enforcement.… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation July 22, 2011

UK Financial Services Authority fines Willis Limited, insurance brokers, for failures in its anticorruption compliance programme – some sobering lessons for all companies

So, another large insurance broker has been publicly criticised and fined. According to the FSA, this was avoidable as Willis knew what they had to do in terms of compliance and they knew the risks to their business in relation to bribery and corruption, but it appears that their compliance was inadequate in several different respects… Continue Reading

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