Financial Crime

Financial services and regulation: Insights and resources

Financial crime, of all types, remains at the forefront of the regulatory agenda. Investigations and enforcement in respect of market abuse, anti-money laundering, sanctions and bribery are all on the rise. It remains critical that businesses maintain robust control environments, systems and data, with effective governance and a proactive financial crime risk management culture. This resource page has been designed to help firms manage and respond to this fast moving area, with a range of updates, training and other insights from our team of lawyers and risk consultants.

Our global financial services and regulation practice is structured around its core regulatory strengths – governance, conduct and markets, which includes financial crime. For further information on these broader areas please see the resource hubs linked at the bottom of this page.

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Insights

Key takeaways in relation to the FCA's decision concerning Sir Christopher Gent

The FCA has recently fined Sir Christopher Gent, former non-executive Chairman of a global medical products and technologies company (the Company), £80,000 for the unlawful disclosure of inside information relating to the Company in contravention of the EU Market Abuse Regulation (EU MAR)

United Kingdom | Publication | October 07, 2022

Cryptoasset providers: Impact of the amendments to the MLRs 2017

In June, HM Treasury issued its response to its October 2021 consultation on amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017).

Global | Blog | August 11, 2022

Recent developments signal a rise in sanctions enforcement risk for UK regulated firms

Whilst historically there have been relatively low levels of sanctions enforcement in the UK, in light of recent developments, in the coming months we expect to see more scrutiny in this area and increased enforcement activity in relation to sanctions breaches.

United Kingdom | Publication | June 24, 2022

Anti-money laundering: Regulation Around the World

A number of enforcement actions taken by regulators around the world have been a reminder for financial institutions that board involvement in, and appropriate oversight of, anti-money laundering/countering the financing of terrorism (AML/CFT) compliance programmes is critical.

Global | Publication | June 22, 2022

Financial Crime Outlook: 2022 and beyond

As the economy starts to recover following the impact of the COVID-19 pandemic, regulatory changes are under way in the anti-money laundering and market abuse space. In addition, the events in Ukraine, and the wide range of financial sanctions imposed on Russia in response, are having a significant impact on financial markets and must now be taken into account by firms when considering the current and future financial crime landscape.

United Kingdom | Publication | May 03, 2022

Economic Crime (Transparency and Enforcement) Act 2022

On 15 March 2022, the Economic Crime (Transparency and Enforcement) Bill (the Bill) received Royal Assent becoming the Economic Crime (Transparency and Enforcement) Act 2022 (the Act).

United Kingdom | Publication | March 18, 2022

Financial crime outlook: Seven part series

Financial crime outlook: The Biden Presidency and new and improved anti-money laundering tools

Senior management and boards are increasingly acknowledging the threat of financial crime as a critical risk to their business that must be addressed.

Global | Publication | April 20, 2021

Financial crime outlook: The changing world of sanctions regimes

Senior management and boards are increasingly acknowledging the threat of financial crime as a critical risk to their business that must be addressed.

Global | Publication | March 29, 2021

Financial crime outlook: The increasing emphasis of RegTech and Fintech

Regulators across the globe are increasingly expecting and welcoming the use of technology to combat financial crime. Arguably, it is imperative that firms invest in compliance tech solutions to not only maintain compliance, but also keep pace with the ever-increasing sophistication of criminals seeking to subvert the law.

Global | Publication | March 11, 2021

Financial crime outlook: The Growing Importance of the Money Laundering Reporting Officer

Given the raft of continuing turbulence in the AML landscape, the need for a qualified and suitably experienced and skilled Money Laundering Reporting Officer is crucial to support firms in safeguarding their business from money laundering and terrorism financing risks.

Global | Publication | March 01, 2021

Financial crime outlook: The expansion of virtual currencies

As prices of Bitcoin and rival virtual currencies have soared to unprecedented levels, there has been a recent flurry of activity in the crypto and virtual assets space, triggering extensive news coverage and renewed public interest. This has caught the attention of regulators and other stakeholders.

Global | Publication | February 15, 2021

Financial crime outlook: Trends in reporting to regulators and transaction monitoring arising out of COVID-19

Jurisdictions that still rely on legacy paper-based reporting systems or where the regulated entities, or financial intelligence units, are constrained by remote working have been adversely impacted.

Global | Publication | February 02, 2021

Financial crime outlook: Recent and incoming legislative change

Anti-financial crime (AFC) remains a regulatory hot topic, and 2020 saw a raft of new AML regulatory changes implemented across the globe.

Global | Publication | January 21, 2021

Core regulatory strengths

Governance

We draw on our diverse experience and clear understanding of the laws and regulations that shape the operating environment to help a broad range of clients navigate the ever-changing governance landscape.

Global | Publication | February 26, 2021

Conduct

We have a proven track record of advising a broad range of clients on complex and sensitive matters in the conduct space, both on the advisory and contentious side, many of which carry significant reputational risk.

Global | Publication | June 16, 2021

Markets

We advise both regulated and non-regulated firms on a range of matters relating to market structure and integrity, including responding to changing requirements, organising business structures to comply and maximise opportunities globally, and dealing with potential issues.

Global | Publication | August 31, 2022

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Financial services and regulation

Our global financial services and regulation practice helps our clients navigate the evolving and increasingly complex regulatory environment, working seamlessly across major business and financial hubs.