Europe

Conduct, Culture & Accountability

FCA Revises Whistleblowing Policies Following Independent Review

By Thisanka Siripala | 28/11/2024

The updated policies clarify the channels available for raising concerns, extend applicability to former employees, and outline expectations during the grievance process.

Market Abuse

UK FCA Fines Macquarie Unit £13m for Control Failures

By Mark Johnston | 28/11/2024

The FCA said serious control failures allowed a junior trader to conceal over 400 fictitious trades to hide trading losses.

Cryptocurrency

UK FCA Unveils Plans for Crypto Regulation, Tokenisation

By Manesh Samtani | 28/11/2024

Several discussion papers and consultations will be issued between now and early 2026. The new crypto regime will go live within 2026.

AI Risk & Governance

UK Regulators Find Widespread Use of AI in Financial Sector

By Thisanka Siripala | 27/11/2024

75 percent of UK financial services firms already using AI in some capacity, but reliance on a small number of third-party providers raises concerns.

PEPs & Sanctions

UK Targets Russian Shadow Fleet With New Sanctions Package

By Editors | 27/11/2024

The UK sanctioned 30 ships in Russia’s shadow fleet and 2 insurance companies for enabling them to generate oil revenues.

Supervision & Enforcement

UK FCA Fines Barclays £40m Over 2008 Disclosure Failures

By Mark Johnston | 26/11/2024

The FCA said Barclays failed to disclose payments to Qatari entities that helped rescue the bank during the 2008 financial crisis.

Anti-Money Laundering

UK Government Pushes for Public Beneficial Ownership Registers

By Mark Johnston | 26/11/2024

The UK government has reaffirmed its commitment to establishing fully public beneficial ownership registers.

Anti-Money Laundering

Eurojust Establishes Judicial Focus Group to Combat Money Laundering

By Mark Johnston | 26/11/2024

Eurojust has launched a Judicial Focus Group to strengthen efforts against money laundering and improve asset recovery across the European Union.

PEPs & Sanctions

UK Sanctions “Infamous Kleptocrats” to Start Anti-Corruption Campaign

By Editors | 25/11/2024

The FCDO said the sanctions mark “the start of a new campaign” to clamp down on corruption and illicit finance both at home and overseas.