An FCA thematic review of Anti-Money Laundering (AML) and Anti-Bribery and Corruption (ABC) Systems and Controls (TR13/9) has identified common weaknesses and the regulator has expressed concern over their findings. […] [...]

Firms, and MLROs in particular, should be aware that HM Treasury has updated its advisory notice on problem jurisdictions where Enhanced Due Diligence (EDD) is advised and where firms may […] [...]

The asset management sector appears to be popular with the FSA at the moment (see article on ‘Conflicts of Interest’ in this Regulatory Roundup), given a recent speech by Tracey […] [...]

The FSA has published its latest Financial Crime Newsletter (issue 16). There is not much that is new inside e.g. it mentions the March 2012 report on findings on anti-bribery […] [...]

HM Treasury advises that the Money Laundering (Amendment) Regulations 2012 will come into force on 1 October 2012 – see Regulatory Roundup 31 concerning the consultation. The Money Laundering changes […] [...]

FATF has recently produced updated lists of problem jurisdictions which will be of interest to firms in general, and in particular to the MLROs. The first list concerns those countries […] [...]

Regulatory Roundup 37 contained an article on the publication of FSA guidance on financial crime (which can also be accessed via ‘The Full Handbook’ page on the FSA website under […] [...]

The FSA has issued a brief press statement to the effect that Richard Joseph has been charged with eight counts of insider dealing and two counts of money laundering. Mr […] [...]

The FSA is proposing to amend some of its guidance in MAR 1.4 (improper disclosure) to reflect feedback received from the industry. In Market Watch 35 of last year the […] [...]

Regulatory Roundup 31 included an article on FSA guidance on financial crime which had been published in the form of a consultation paper (CP11/12). The final guidance (PS11/15) has now […] [...]

The EU has been churning out the work; in addition to the proposed changes to MiFID (see previous article) they have also issued proposed changes to the Market Abuse Directive […] [...]

In May 2010 the FSA published ‘The Small Firms Financial Crime Review’ (see Regulatory Roundup 15 for our comments and a link to the document) which covered the three main […] [...]

HM Treasury has published a consultation on changes to the Money Laundering Regulations 2007 (MLR2007) by way of a response to a review carried out last year. The Government committed […] [...]

As will be known, the FSA’s Code of Market Conduct is incorporated within MAR 1. Following a decision by the European Court of Justice (ECJ) in the Spector case (see […] [...]

And talking of delays, there have been various reports in the press of a delay to the Bribery Act 2010 (‘BA2010’) coming into force (although there is currently no official […] [...]