Welcome to the August 2020 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Read more

On 17 July 2020, Mr Justice William Davis approved the UK’s eighth deferred prosecution agreement (“DPA”) between the UK Serious Fraud Office (“SFO”) and G4S Care and Justice Services (UK) Limited (“G4S C&J”), a wholly-owned subsidiary of G4S plc. Read more

On 15 July 2020, the Monetary Authority of Singapore (MAS) published a guidance paper which sets out MAS’ supervisory expectations of sound practices where anti-money laundering/countering financing of terrorism (AML/CFT) control functions are outsourced. Read more

In this blog post, we round-up forthcoming developments in financial services regulation in the UK and at EU and International levels which are coming up in August 2020.  Read more

On 4 June 2020, Megan Butler, Executive Director of Supervision – Investment, Wholesale and Specialists at the FCA, delivered a speech on the FCA’s response to Covid-19 and expectations for 2020. Addressing a virtual audience at PIMFA’s Virtual Festival, Ms Butler explored the FCA’s priorities and longer-term expectations, in particular for the wealth management and advice industry. This briefing considers the key points from the speech. Read more

Between November 2019 and January 2020 the HSF private wealth and charities team conducted a survey of trust companies. In this briefing, we discuss and contextualise the results of the AML section of our survey, examining the specific aspects of AML compliance trust companies said that they are struggling with, and what they are doing to address them. Read more

In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected for June 2020. Read more

As consumers use cash to make payments less frequently, and fintech firms offer new forms of money and new ways to make payments, central banks globally are considering how they should respond and whether they too should innovate to meet new payment needs in an increasingly digital economy. Read more