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Financial Crime
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Editor's Picks
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Four years in, Europe’s ‘youngster’ prosecutor’s office EPPO faces challenges
With more than 2,500 active investigations linked to damage worth 24 billion euros, the European Public Prosecutor's Office has come a long way since 2020, when sta... (more story)
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Make UK FCA abandon its e-mail deletion plan, government and lawmakers urged
The UK’s financial services minister Emma Reynolds, as well as key lawmakers, have been urged to make the Financial Conduct Authority abandon its upcoming plan to s... (more story)
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UK tax authorities to reward corporate whistleblowers
Individuals who blow the whistle on large companies evading tax could be set for significant windfalls, UK lawmaker James Murray has said. The government proposals ... (more story)
Insight View More
The founder of tech startup Frank and the firm’s chief growth officer lied to banks about the size of its userbase, the very thing that had made the company valuable, prosecutors said today in their closing ar... (more story)
Former UBS and Citigroup trader Tom Hayes’ argument that Libor permitted traders to take a personal profit into account when submitting borrowing rates is “anathema to the fundamental concept of an independent... (more story)
The wife of a former Russian government minister facing sanctions evasion charges alongside her husband told a London court today that she had “no clue” about the impact of sanctions on her family and feels “a... (more story)
Technology and telecoms companies will be encouraged to do more as part of a new “beefed up” fraud strategy set to be released later this year, the UK’s fraud minister said today. "We need to secure a global p... (more story)
The pause in global bribery investigations by the US could lead to the UK and Europe being able to “expedite” cases, a senior official at the Serious Fraud Office official said today. Separately, the SFO is se... (more story)
Social media platforms like Meta have been warned they are in the “last chance saloon” when it comes to their inaction on fraud. Luke Charters, a Labour lawmaker and former regulator, said now is the time for ... (more story)
Standard Chartered has lost a bid to cut hundreds of millions of pounds out of a UK lawsuit by investors who claim they lost out due to the investment bank’s complicity in bribery and sanctions busting. The in... (more story)
Kate Fitzgerald, head of policy at the UK Payment Systems Regulator and architect of its fraud-reimbursement regime, is leaving the regulator at the end of April, MLex has learned. News of her departure comes ... (more story)
Comment View More
Concerns that a move to abolish the UK’s dedicated payments regulator could result in less focus on payments are “absolutely reasonable,” a senior official from that regulator has said. “If we don’t think abou... (more story)
With more than 2,500 active investigations linked to damage worth 24 billion euros, the European Public Prosecutor's Office has come a long way since 2020, when staff sat at their desks without computers. But ... (more story)
A new interim rule from the US Treasury Department narrowing the scope of an anti-money laundering law could significantly harm efforts to combat financial crime, experts said. The new rule formalizes changes... (more story)
News that Europe’s top foreign-bribery prosecutors will band together and collaborate more closely will inevitably be seen as a response to a US retreat from enforcement, even though they say it has been years... (more story)
The Canadian government has moved up its timeline for changes to its anti-money laundering regulatory regime, bringing them into force on April 1 – six months earlier than originally proposed. Companies subjec... (more story)
US cybersecurity defenders in the private sector remain on alert for Russian threats even as the federal workforce has been hit with staff reductions and reports indicate national agencies may be softening on the issue.
Entain this week took a step toward banishing the memory of a blockbuster settlement with UK authorities over a bribery scandal at a Turkish online gaming business it used to own. But the gambling operator — w... (more story)
The day before jury selection was scheduled to begin in the corruption trial of two Cognizant Technology Solutions executives charged with authorizing bribes to Indian officials, New Jersey’s top federal prose... (more story)