Tag: Horizon scanning

Patisserie Valerie charges preview impact of new failure to prevent fraud offence

The recent Patisserie Valerie charges against four individuals provide a preview of the type of scenario in which companies could be investigated under the new failure to prevent fraud offence as well as the expanded test for corporate criminal liability. In this blog, we outline the charges brought by the SFO, provide an update on … Continue Reading

UK CPS, HMRC and NCA show their teeth on the Bribery Act

Three recent cases act as a reminder that the CPS, HMRC and NCA, as well as the SFO, are actively enforcing the UK Bribery Act and conducting cross-border investigations. Two of the cases summarised below also show a focus on the demand side of bribery (i.e. suspected offences of individuals receiving or requesting a bribe … Continue Reading

PRA and FCA publish update on the Regulatory Initiatives Grid

On 17 July 2023, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) published an update on the Regulatory Initiatives Grid (the Grid) following Royal Assent of the Financial Services and Markets Act 2023 (the Act), given its significance for the financial services regulatory landscape. The update follows the last full Grid published … Continue Reading

UK investigations and financial crime: Horizon Scanning

As anticipated in our previous blog post on predictions for 2023, this year has brought about significant developments in investigations and a real focus on fraud. Looking ahead to the second half of 2023, we predict that developments affecting UK business or those doing business in the UK will include: 1. Fraud Economic Crime and … Continue Reading

Latest edition of the Regulatory Initiatives Grid

On 25 May 2022, the Financial Services Regulatory Initiatives Forum (Forum) published an updated version of the Regulatory Initiative Grid which sets out the regulatory pipeline so that financial services firms and other stakeholders can understand, and plan, for the timing of the initiatives that may have a significant operational impact on them. The Forum … Continue Reading

What’s coming up in September?

Introduction Here is a short summary of some of the key regulatory milestones in September. International regulatory bodies – consultations closing 3 September 2021: Basel Committee on Banking Supervision consultation on technical amendments on G-SIB assessment methodology review process. 6 September 2021: International Organization of Securities Commissions’ consultation on ESG ratings and data products providers. … Continue Reading