Related insights: Financial Crime Prevention


Call for evidence on the UK's AML regime: a chance for change?

03 Aug 2021
July brought a flurry of activity on the AML/CTF prevention front, both domestically and internationally. HM Treasury is calling for evidence in the effectiveness of the UK regime and proposing changes to the regulatory requirements, while the EU moves to consolidate its legislation. Emma Radmore looks at the opportunities for change.

2020: the year of COVID and Brexit - what has it meant for financial crime prevention?

22 Dec 2020
The end of 2020 is finally within sight, and what a strange year it has been. In terms of financial crime prevention, 2020 has been a mixture of continuing to deal with known issues and progressing improvements, but against the backdrop of Brexit and a pandemic. In this year's review for Financial Regulation International, Emma Radmore of Womble Bond Dickinson looks back on the key legal and regulatory priorities for the UK authorities and the year's relevant enforcement actions. As usual, we then look at initiatives that will be progressing over 2021.

Opportunistic insider trading related to a personal data breach

21 Aug 2019
The recent conviction of a second Equifax executive (Jun Ying) for insider trading after the Equifax data breach in 2017, highlights concerns about the possible interplay between data breach and insider trading. In the period from detection of a data breach to its public disclosure, insiders might try to use non-public information in securities trading, cashing in on the prediction that the disclosure of a data breach will cause stock price to fall.

SFO corporate co-operation guidance

14 Aug 2019
The Serious Fraud Office (SFO) published its much awaited corporate co-operation guidance on 6 August. Whilst the guidance delivers some much sought after clarity and should assist with accelerating investigations, there are some question marks over whether it sets the co-operation bar too high.

Making SARs better: Law Commission publishes recommendations

19 Jun 2019
Following the Law Commission's appointment in 2017 to review specific aspects of the UK's AML regime, specifically the relevant provisions in POCA and the Terrorism Act, and its detailed Consultation Paper of 2018, the Commission has now published its recommendations. Emma Radmore looks at what it is suggesting.

Know your overseas offices: lessons in AML

31 May 2019
FCA's recent fine on Standard Chartered Bank (the Bank) illustrates the importance not only of having appropriate and strong AML policies and procedures for high risk areas of business, but also (mainly in fact) of adhering to them.