Articles
Financial Services
Banking & Finance Further News and Updates
For a summary of other recent updates including: the new director of SFO, Investigations of Lloyds bank and KPMG over HBOS fraud, additional charges a ...
FCA Fines Canara Bank for Serious AML failings relating to its trade finance activities in the UK
On 6 June 2018, the FCA published its Final Notice explaining the grounds upon which it fined Canara Bank £896,100 and imposed a restriction on it acc ...
Private prosecution for Conspiracy to Defraud results in conviction and 8 year sentence: the case for Private Prosecutions
On 11 June 2018, Paul Sultana was sentenced to 8 years' imprisonment and disqualified from acting as a director for seven years following a prosecutio ...
SFO investigations - D&O insurers counting the cost
In October 2016 we reported the charges that the SFO had brought against three former Directors of Tesco in response to Tesco's £250m accounting scand ...
SMEs face increase in data protection and privacy claims
It is well publicised that there has been an upward trend of data protection and privacy claims in recent years. This is due in part to an increase in ...
Bridging the gap between the SIMR and SM&CR
The Senior Managers and Certification Regime (SM&CR) aims to create a culture of accountability and responsibility within regulated firms and to a ...
Instant Access Properties Limited (in liquidation) v Bradley Rosser and Others [2018] EWHC 756 (Ch)
In a judgment handed down on 13 April 2018, Morgan J entirely dismissed a claim for £35m made against the former directors (and alleged shadow/de fact ...
The rights of third parties in criminal and regulatory proceedings
Criminal prosecutors and financial regulators in the UK now increasingly aggressively pursue criminal prosecutions and regulatory enforcement in the c ...