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On October 10th 2024, US Attorney General, Merrick B Garland, announced that TD Bank had pleaded guilty to multiple felonies under the Bank Secrecy Act and Money Laundering Conspiracy violations. TD Bank agreed to pay a total penalty of just...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; Atlanta Fed president broke the central bank’s trading rules, Citigroup shifts responsibility for its data compliance...

This quarter's Concerning Conduct, a summary of recent cases concerning culture and conduct, includes; 44% of UK adults in financially vulnerable circumstances, Global disruption from software security update, SEC charges the auditor of collapsed FTX with misconduct, UK capital markets...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; UK regulator reports on fraud reimbursement rates, FCA chair reveals the identity of a whistleblower, Two...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; UK FCA approves listing rules overhaul, Bill Hwang found guilty of fraud and market manipulation, FCA...

This quarter's Concerning Conduct, a summary of recent cases concerning culture and conduct, includes; UK and US to co-operate on AI testing, Ajax suspends CEO over insider trading, EY accused of asset stripping, but gets a bit of a break...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; UK FCA set to approve IPO overhaul, Hedge fund made $760k profit after call with banker,...

Regulators globally are taking steps to address the problem of greenwashing and in this article, we outline the approach taken by the Dubai Financial Services Authority (DFSA).

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; Carer and assistant to crypto supervillain sentenced to more than six years for money laundering, Political...

In November 2023, the FCA confirmed that it would be introducing various measures relating to sustainability disclosures, including a new set of labels for investment funds, as well as a new ‘Anti-Greenwashing’ (AGW) Rule. The AGW rule is the first...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; Opposition mounts over FCA’s “name and shame” plans, FOS “debanking” complaints up 44%, BoE warns banks...

On 5th March 2024, the FCA issued a ‘Dear CEO’ letter to Annex 1 firms (i.e. firms that are supervised by the FCA for AML/CTF purposes only) which reiterated the importance of the ‘…fight against financial crime…’. It also sets...