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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...

The FCA’s recent review on how effectively firms are following its 2017 Guidance on the treatment of Politically Exposed Persons (PEPs) includes examples of good practice in certain areas. In this article, Bruce Viney delves into some of the examples...

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...

The FCA recently published findings of its review on how effectively firms are following its 2017 Guidance on the treatment of Politically Exposed Persons (PEPs). The review findings are significant for financial firms dealing with PEPs and at a minimum,...

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...

On 26th June, the FCA published its “Insurance multi-firm review of outcomes monitoring under the Consumer Duty”. In this article, Nigel Sydenham outlines some of the key takeaways from this review, including the FCA’s expectations regarding outcomes monitoring and how...

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,...

As we approach the first anniversary of the Consumer Duty, the FCA’s message has been clear – implementation of the Duty is not a ‘once and done’ exercise, rather firms need to be improving continuously. While you may feel positive...

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...