Staley case is a warning not to bury your head when it comes to FCA
Last month, the Financial Conduct Authority banned Jes Staley, former chief executive of Barclays, from holding senior position in financial services, also fining him a £1.8 million fine, for misleading it over a personal relationship, namely with Jeffrey Epstein. In this article for FT Adviser, Joseph Duggin discusses the case and how it is a […]
60 seconds with: Nick Vamos
From the most significant trends in his practice currently to the reasons behind his favourite holiday destination, Nick Vamos answered a series of questions on work and life for TL4 HNW Divorce Magazine – HNW Divorce Litigation Conference edition. Imagine you no longer have to work. How would you spend your weekdays? I would move […]
Listen in: webinar with UK government on sanctions ownership/control
On Monday 20 November, Michael O’Kane and Maya Lester KC, from Brick Court Chambers, (for their newly relaunched site globalsanctions.co.uk) spoke at a webinar with the UK government on the test for ‘ownership and control’ by designated persons in UK sanctions law. Discussion included the government’s recent guidance on ownership and control, the Court of […]
Rumours of Ethereum fraud ‘bigger than FTX’? Where’s Brenda from Bristol when we need her?
I’ll start with something for the meme lovers. Does anyone remember Brenda from Bristol, who in response to a BBC interviewer’s question, asking her what she thought about Theresa May’s decision to call an early general election in 2017 only two years after the previous one in 2015, cried “You’re joking – not another one!”. […]
What will the FCA do next?
The Financial Conduct Authority has trumpeted its interventions work as a key factor in how it identifies and prevents harm in the marketplace. However, the impact of Enforcement investigations should not be discounted. In this article for Banking Risk & Regulation, James Tyler explores, among others, what the regulator’s plans are in respect of interventions, […]
The Guide to Sanctions – fourth edition
Anna Bradshaw and Alistair Jones have contributed a chapter to Global Investigations Review‘s Guide to Sanctions, which is in its fourth edition. The guide is written by contributors from the expanding field of sanctions enforcement and dissects the topic in a practical fashion, from every stakeholder’s perspective. The chapter that Anna and Alistair wrote, ‘Representing […]
International Comparative Legal Guides: Business Crime 2024
Neil Swift, James Tyler and Joseph Duggin have authored the England and Wales chapter in The International Comparative Legal Guide – Business Crime 2024, which is published by the Global Legal Group. This publication covers 21 jurisdictions and the England & Wales chapter deals with common issues in business crime, including criminal law enforcement, organisation […]
The FATF’s Travel Rule for crypto may not be as heavy as it seems
No, not the one where the airlines limit your bags to 23kg per person which, if you’re me, means that you must learn the word for “heavy” in multiple languages when checking in your bag (most recently, “pesada”, if you’re asking). I’m talking about the implementation of the Financial Action Task Force’s (FATF) Travel Rule […]
De-banking saga reveals banks need better communication with clients
The ripples of this summer’s de-banking saga involving a variety of famous people are continuing to be felt. In the wake of the PR storm, the Financial Conduct Authority is also conducting a review of the treatment of UK politically exposed persons (PEPs) by regulated financial institutions, which is now well under way. In this […]
Turkey – a hub for Russia sanctions violations?
Turkey is a NATO member, an EU candidate country, and a US ally against terrorism in the Middle East, but it has also been described as a “hub for Russia sanctions violations”. The country has not joined its fellow NATO members in imposing sanctions on Russia, and, since the start of the invasion of Ukraine, […]