Financial crime

View Financial Services by content type:

News

Practice notes

Precedents

Q&As

Latest Financial Services News

Halkbank tells 2nd Circuit it's immune from sanctions prosecution

The following Corporate Crime news provides comprehensive and up to date legal information on Halkbank tells 2nd Circuit it's immune from sanctions prosecution

The Upper Tribunal dismisses application to prohibit publication of FCA’s Decision Notice for non-financial misconduct [Frensham v FCA]

The following Financial Services news provides comprehensive and up to date legal information on The Upper Tribunal dismisses application to prohibit publication of FCA’s Decision Notice for non-financial misconduct [Frensham v FCA]

Contractual interpretation by administrators and common sense (Avery-Gee and others v Sibley and others)

The following Financial Services news provides comprehensive and up to date legal information on Contractual interpretation by administrators and common sense (Avery-Gee and others v Sibley and others)

Financial Services weekly highlights—8 April 2021

The following Financial Services news provides comprehensive and up to date legal information on Financial Services weekly highlights—8 April 2021

Featured Financial Services content

The Money Laundering Reporting Officer (MLRO)—duties

The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive...

Insurance conduct regulation—COBS and ICOBS

The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to...

The Single Rulebook

Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its...

Non-UCITS retail schemes (NURS)

BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...

Practice notes

Regulatory capital—purpose, quantity and quality

Brexit; As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...

Produced in partnership with Morrison & Foerster LLP 12th Jan

Practice notes

Accepting deposits

This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark...

9th Nov

Practice notes

Basel Accord

The Basel Committee on Banking Supervision (BCBS), consisting of the central banks of governors of the so-called G10 countries (Belgium, Canada,...

Produced in partnership with Morrison & Foerster LLP 12th Jan

Practice notes

Consumer protection—FCA and other regulatory requirements

This Practice Note looks at key aspects of consumer protection within the UK financial services regulatory system. The UK’s regulatory structure,...

9th Nov

Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...

9th Nov

Practice notes

Fair and Effective Markets Review (FEMR)—one minute guide

On 10 June 2015, the Fair and Effective Markets Review (FEMR) published its final report. Running to 106 pages, the report covers a wide range of...

9th Nov

Practice notes

Recognised investment exchanges

Recognised investment exchangesA recognised investment exchange (RIE) is a UK recognised body under Part XVIII of the Financial Services and Markets...

9th Nov

In-house

Practice notes

UCITS VI

UCITS VIUCITS VI describes the European Commission's Consultation on Undertakings for Collective Investment in Transferable Securities issued 26th...

Produced in partnership with Andrew Henderson Partner, Eversheds Sutherland LLP 12th Jan

Practice notes

European Venture Capital Funds (EuVECA) Regulation

BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...

9th Nov

Practice notes

Entering into a consumer hire agreement as owner

BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. To ensure...

9th Nov

Practice notes

Authorised unit trust authorisation and winding-up

Authorisation of an authorised unit trust (AUT)What is an AUT?A unit trust is a type of collective investment scheme (CIS) in which the assets are...

9th Nov

Practice notes

Debt sale and purchase agreements

The debt sale and purchase market in the UKThe debt sale and purchase market has for some time been very active throughout the UK. It is an important...

9th Nov

In-house

Practice notes

The impact of Brexit on the MiFID II regime

This Practice Note provides information relating to the impact of Brexit on the recast Markets in Financial Instruments Directive (Directive...

9th Nov

Brexit

Practice notes

MiFID I—Transaction reporting

This Practice Note provides an overview of the transaction reporting requirements that existed under the Markets in Financial Instruments Directive...

9th Nov

Practice notes

Impact of Brexit: Solvency II—quick guide

This Solvency II quick guide details current UK legislation and retained EU legislation in relation to prudential insurance requirements that will be...

9th Nov

Brexit

Practice notes

What is credit and what is a regulated consumer credit agreement?

Scope of this Practice NoteThere are several factors to consider when deciding whether or not a credit agreement is regulated under the regulatory...

9th Nov

Most recent Financial crime content

Practice notes

Lexis®PSL Financial Services FCA/PRA Enforcement Database

The Lexis®PSL Financial Services FCA/PRA Enforcement Database lists, and contains detailed information on, all substantive Financial Conduct Authority...

12th Apr

Practice notes

Pension liberation—an introduction

CORONAVIRUS (COVID-19) UPDATE: In light of the coronavirus pandemic, the Pensions Regulator (TPR) issued guidance ‘Communicating to members during...

Produced in partnership with Rebecca Bennett of Needle Partnership and Natasha Peacock of Needle Partnership 9th Apr

Practice notes

Financial sanctions compliance—examples of good (and poor) practice

The Financial Conduct Authority (FCA) has provided some examples of good practice for sanctions systems and controls in Part 7 in its guide, FCG...

9th Apr

Practice notes

Enhancing watch list screening

The complex nature of watch list screening creates challenges and presents risks. This Practice Note summarises the challenges watch list screening...

9th Apr

Practice notes

International official financial sanctions lists

CountryRegulatory bodySanction List(Links to sanctions lists are provided, where publicly available)IncludingMultinationalUnited NationsUnited...

9th Apr

Practice notes

Counter-terrorist financing—key information for businesses

This Practice Note outlines counter-terrorist financing provisions (CTF), including the offences and obligations contained in the Terrorism Act 2000...

9th Apr

Practice notes

Anti-corruption regulation—United Kingdom—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to anti-corruption regulation in United Kingdom published as part of the Lexology...

9th Apr

Practice notes

Anti-corruption regulation—Russia—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to anti-corruption regulation in Russia published as part of the Lexology Getting the...

9th Apr

Practice notes

The Foreign Corrupt Practices Act—background (US)

As businesses eagerly expand into new markets looking for new growth opportunities, they must be careful, as with new growth comes new challenges....

Produced in partnership with Stephen R. Martin of Arnold & Porter LLP 9th Apr

Practice notes

Misleading statements under the Financial Services Act 2012

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

Produced in partnership with Joanna Dimmock, Tom Hickey and Fred Kelly of White & Case LLP 9th Apr

Practice notes

Fraudulent trading under the Fraud Act 2006

Fraudulent trading under the Fraud Act 2006A defendant who is a sole trader, in a partnership or a trust, commits the offence of fraudulent trading if...

9th Apr

Practice notes

Discontinuance of a DPA

When does a deferred prosecution agreement expire?A deferred prosecution agreement (DPA) usually expires on the date specified as a term of the...

9th Apr

Practice notes

Anti-money laundering—United Kingdom—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to anti-money laundering in United Kingdom published as part of the Lexology Getting the...

9th Apr

Practice notes

SFO information sharing and section 3 powers

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

9th Apr

Practice notes

Insider dealing—a quick guide

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

Produced in partnership with Joanna Dimmock, Tom Hickey and Fred Kelly of White & Case LLP 9th Apr

Practice notes

Anti-corruption regulation—Brazil—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to anti-corruption regulation in Brazil published as part of the Lexology Getting the...

9th Apr

Practice notes

Anti-corruption regulation—Canada—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to anti-corruption regulation in Canada published as part of the Lexology Getting the...

9th Apr

Practice notes

A practical guide to FCPA investigations (US)

The US Foreign Corrupt Practices Act of 1977 (FCPA) is part of US federal law, which prohibits corrupt payments to or for foreign public officials. It...

Produced in partnership with Ropes & Gray 9th Apr

Practice notes

The US Foreign Corrupt Practices Act 1977 (FCPA 1977) and Bribery Act 2010 (BA 2010) comparison table

This Practice Note contains a comparison table showing differences and similarities between the US Foreign Corrupt Practice Act 1977 (FCPA 1977) and...

9th Apr

Practice notes

Money laundering offences under the Proceeds of Crime Act 2002

Money laundering offences—an introductionMoney laundering is the process by which the proceeds of crime are converted into assets which appear to have...

Produced in partnership with Jessica Parker of Corker Binning 9th Apr