Anti-money laundering and counter-terrorist financing—issues for financial services firms

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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

Ringing the changes with the CPS’s Economic Crime Strategy 2025

The following Corporate Crime news provides comprehensive and up to date legal information on Ringing the changes with the CPS’s Economic Crime Strategy 2025

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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...

What is electronic money?

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

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...

Practice notes

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...

Produced in partnership with Ms Elizabeth Budd of Pinsent Masons 12th Jan

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

Public censure by the FCA

Disciplinary powers of the FCAThe disciplinary powers of the Financial Conduct Authority (FCA) are found in Part XIV of the Financial Services and...

9th Nov

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

Financial Conduct Authority—objectives and principles

The role of the FCAThe Financial Conduct Authority (FCA) forms part of the regulatory structure for financial services firms. The FCA has a...

9th Nov

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

MLD4—key provisions for financial services firms—one minute guide

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

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

Second Wire Transfer Regulation (WTR2)—essentials

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

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 Anti-money laundering and counter-terrorist financing—issues for financial services firms content

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-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

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

Practice notes

Proceeds of Crime Act 2002—information sharing in the regulated sector—superSARs

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 Michael Potts of Byrne and Partners LLP 9th Apr

Practice notes

Anti-money laundering—Italy—Q&A guide

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

9th Apr

Practice notes

Money laundering offences—tipping off and prejudicing an investigation

Tipping off and prejudicing an investigationIt would undermine the benefit to the authorities if, a suspicious activity report (SAR) having been made,...

9th Apr

Practice notes

Anti-money laundering—Germany—Q&A guide

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

9th Apr

Practice notes

Anti-money laundering—Greece—Q&A guide

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

9th Apr

Practice notes

Money laundering offences—failure to disclose offences

Failure to disclose offences under the Proceeds of Crime Act 2002There are four separate offences relating to the failure to disclose information...

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

Practice notes

Anti-money laundering—Denmark—Q&A guide

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

9th Apr

Practice notes

Failure to prevent the criminal facilitation of tax evasion—the offences

This Practice Note discusses the two ‘failure to prevent’ corporate criminal offences created by the Criminal Finances Act 2017 (CFA 2017):•CFA 2017,...

Produced in partnership with Rhys Meggy of QEB Hollis Whiteman 9th Apr

Practice notes

Anti-money laundering—France—Q&A guide

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

9th Apr

Practice notes

Getting the Deal Through: Anti-Money Laundering 2020

Jurisdictions coveredThe following jurisdictions are covered in this report:Australia; Denmark; France; Germany; Greece; Hong Kong; India; Italy;...

9th Apr

Practice notes

Second Wire Transfer Regulation (EU WTR2 and UK WTR2)—essentials

The Second Wire Transfer Regulation (EU) 2015/847 (WTR2), also known as the Funds Transfer Regulation (FTR), entered into force on 26 June 2017,...

8th Apr

Practice notes

MLD4 and 2017 MLRs—customer due diligence checklist for financial services firms

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...

8th Apr

In-house

Practice notes

Money Laundering Directive 4 (MLD4)—essentials

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...

8th Apr

Practice notes

Impact of Brexit: AML and CTF regime—quick guide

This Brexit quick guide considers measures under the European Union (Withdrawal) Act 2018 (EU(W)A 2018) (as amended by the European Union (Withdrawal...

8th Apr

Brexit

Practice notes

MLD4—key provisions for financial services firms—one minute guide

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

8th Apr

Practice notes

High-risk third countries tracker

Organisations caught by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI...

29th Mar

In-house

Practice notes

Offences under the Money Laundering Regulations 2017 (MLR 2017)

FORTHCOMING CHANGE: The Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018), which received Royal Assent on 23 May 2018, provides a power for...

Produced in partnership with Michael Potts of Byrne and Partners LLP 25th Mar