Introductory Breakdown to the Pandora Papers

What are the Pandora Papers? The Pandora Papers is the largest investigation in journalism history, led by the International Consortium of Investigative Journalists (ICIJ), with the leak of around 12 million files that reveal the abuse of the global financial system by individuals, businesses and Politically Exposed Persons (PEPs). Released [...]

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FCA fines LBGI £90 million for failures in communications for home insurance renewals between 2009 and 2017

The FCA has fined LBGI (Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited) £90,688,400 for failing to ensure that language contained within millions of home insurance renewals communications was clear, fair and not misleading. Between January 2009 and [...]

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Financial Action Task Force Recommendations on Opportunities and Challenges of New Technologies for Anti-Money Laundering/Countering the Financing of Terrorism

In July 2021, the Financial Action Task Force (FATF) issued recommendations on Opportunities and Challenges of New Technologies for Anti-Money Laundering/Countering the Financing of Terrorism. New technologies can improve the speed, quality and efficiency of measures to combat money laundering and terrorist financing. They can help financial institutions and supervisors, [...]

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Global Anti-Corruption Sanctions Regime 2021

On 26 April 2021, the Global Anti-Corruption (GAC) sanctions regime was established via The Global Anti-Corruption Sanctions Regulations 2021. The primary legislation underpinning the Regulations is the Sanctions and Anti-Money Laundering Act 2018. The GAC sanctions regime allows the UK government to impose sanctions in response to serious corruption around [...]

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