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Lisa Osofsky to head up SFO

Lisa Osofsky to head up SFO   American Lisa Osofsky is to become the next director of the UK’s Serious Fraud Office. Mark Thompson was appointed as the office’s temporary director last month and will return to his job as chief...

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FCA makes changes to investment advice requirements

FCA makes changes to investment advice requirements The UK’s Financial Conduct Authority has published a policy statement in which it ‘retires’ its finalised guidance relating to inducements and conflicts of interest (FG14/1) and...

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ALFI and ABBL Publish New Guidelines

ALFI and ABBL Publish New Guidelines and Recommendations for Depositaries   ALFI, the Association of the Luxembourg Fund Industry, and the Luxembourg Bankers’ Association, otherwise known as the ABBL, have issued a revised version of their...

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UK Government Announces Wide-Ranging Changes for Both Retail and Online Gambling in the UK

UK Government Announces Wide-Ranging Changes for Both Retail and Online Gambling in the UK SPEED READ On 17 May 2018, the U.K. Government published its “response to the consultation on proposals for changes to Gaming Machines and Social...

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FATF Release 4th Round Ratings

FATF Release 4th Round Ratings Through its nine FATF-Style Regional Bodies (FSRBs), the FATF brings together a global network of 203 jurisdictions that have each committed at the highest political level, to implementing the FATF Recommendations. FATF...

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Staley to Keep His Job at Barclays

Staley to Keep His Job at Barclays   The UK’s conduct and prudential regulators have now concluded their investigations regarding Jes Staley, the group CEO of Barclays Bank, in relation to his attempt to identify the author of an anonymous...

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GRC in the Digital Age

GRC in the Digital Age Regulatory and industry landscape As the tech revolution ripples across industries, we are starting to see the revolutionary disruptive potential. This will change regulatory and customer expectations, give easier access to...

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HMRC to Pursue Prosecutions for Failure to Prevent Facilitation

HMRC to Pursue First Prosecutions for Failing to Prevent Facilitation of Tax Evasion SFO also has cases in pipeline under new laws relating to Unexplained Wealth Orders HM Revenue & Customs is likely to be the first agency to pursue prosecutions...

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SFO director: let’s not “muddy the waters” on self-reporting

SFO director: let’s not “muddy the waters” on self-reporting SFO director David Green said he hopes that the agency remains consistent in its approach to self-reporting once his tenure comes to an end this year.   David...

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Ex-Barclays whistleblowing chief: anonymous chat rooms best protect whistleblowers

Ex-Barclays whistleblowing chief: anonymous chat rooms best protect whistleblowers The former head of whistleblowing at UK bank Barclays said that companies should use anonymous chat rooms to ensure that a whistleblower’s identity is truly...

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