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NEWS
The Food Standards Agency (FSA) has reported that Arfan Sultan, from Ilford, was sentenced at Snaresbrook Crown Court on 14 November 2025 following a joint investigation by the National Food Crime Unit (NFCU) and Redbridge Council. Sultan pleaded guilty to eight offences under regulation 19 of the Food Safety and Hygiene (England) Regulations 2013, SI 2013/2996, relating to ‘smokies’—the illegal slaughter of sheep, rams or goats. He was sentenced to 16 months’ imprisonment, suspended for 18 months, ordered to complete 250 hours of unpaid community work within 12 months and to pay £3,000 in costs.
NEWS
The Food Standards Agency (FSA) has reported that poultry farmer Stuart Perkins of SG Perkins Ltd has been fined £50,830.75, following a guilty plea at Bath magistrates’ court, to various offences under the Food Safety and Hygiene (England) Regulations 2013, SI 2013/2996 and the Animal Health Act 1981. The FSA’s National Food Crime Unit (NFCU), working with Heart of the South West Trading Standards, conducted a search at the farm, finding evidence of traceability concerns and false Salmonella testing certificates.
NEWS
The Food Standards Agency (FSA) has reported the sentencing of Jack Finney for selling a toxic industrial chemical as a weight loss pill. The FSA has reported that Finney had supplied and sold 2,4-dinitrophenol (DNP), a substance that is poisonous to humans and can cause death, to people across Europe and America using the dark web between June 2017 and July 2020. According to the FSA, the use of DNP has resulted 33 deaths across the UK to date. Finney was sentenced to 28 months in prison at Chester Crown Court after products containing DNP were found at an address in Norwich.
NEWS
The Food Standards Agency’s (FSA) National Food Crime Unit (NFCU) has secured a £31,250.51 confiscation order against Ian Thomas, of Swansea, following a hearing at Isleworth Crown Court in June 2025 under the Proceeds of Crime Act 2002. Thomas was found to have been involved in the unauthorised production and distribution of ‘smokies’—skin-on sheep or goat meat—across the UK. The production method, which involves singeing fleece from unskinned carcasses, is prohibited under UK hygiene and safety regulations. The NFCU stated that the case involved the recovery of proceeds from unlawful activity.
NEWS
The Food Standards Agency (FSA) has successfully prosecuted Yorkshire Abattoir Services Limited for obstructing regulatory hygiene inspections. The company pleaded guilty to three charges of intentionally preventing FSA officers from entering their Wakefield premises in March and June 2024. At Kirklees magistrates' court, the company was ordered to pay £46,800 in fines, £14,000 in prosecution costs and a £2,000 statutory surcharge, totalling £62,800, with payment required within three months.
NEWS
The Food Standards Agency (FSA) has updated its National Food Crime Unit (NFCU) guidance, adding the NFCU’s priorities for 2026–27. The intelligence-led Control Strategy identifies priority areas until March 2027, including adulteration and substitution of lamb, beef, poultry and dairy products, waste diversion including ABP handling within red meat, poultry, dairy and feed supply chains, and specific supply chains presenting high levels of authenticity risk to the UK. The FSA also notes that the broken National Food Crime Unit Industry Newsletter subscription links have now been fixed.
NEWS
The Financial Stability Board (FSB) has published a letter from its chair, Andrew Bailey, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 17–18 July 2025 in Durban. In his first letter as FSB Chair, Andrew Bailey highlights the need for global cooperation in the face of rising fragmentation risks and market uncertainty. He sets out three priorities for the FSB: enhancing surveillance capabilities to better detect financial vulnerabilities, addressing financial stability risks—including those from non-bank financial intermediation (NBFI), private finance and stablecoins—and improving organisational effectiveness through improved implementation monitoring and stakeholder engagement. Bailey calls for stronger international coordination to safeguard financial stability in the face of rising fragmentation risks and evolving global challenges.
NEWS
The Financial Stability Board (FSB) has published a letter from its chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 23/24 October 2024, calling for continued efforts to maintain financial stability amidst technological advancements, and warning of vulnerabilities linked to high debt levels, asset prices, non-bank liquidity, leverage, and asset and funding market interlinkages.
NEWS
The Financial Stability Board (FSB) Plenary has convened in Hong Kong to discuss various issues impacting global financial stability. Key topics included the financial outlook, climate-related financial risks, cross-border payments, and non-bank financial intermediation (NBFI). The FSB's work programme for 2025 was confirmed, with a focus on policy implementation and international coordination. Klaas Knot's term as FSB Chair was extended until 1 July 2025, and the process for selecting a new Chair was discussed. The FSB plans to issue its next progress report on the roadmap in mid-2025.
NEWS
The Financial Stability Board (FSB) has announced a shift towards monitoring the implementation of key financial reforms in 2025, as outlined in a letter from its chair, Klaas Knot, to G20 finance ministers and central bank governors (FMCBG). With many reforms nearing completion, the FSB plans to take a strategic review of 15 years of reform implementation to evaluate effectiveness and identify areas for improvement. The FSB will present an interim report to the G20 in October 2025.
NEWS
The Financial Stability Board (FSB) has published three reports detailing work to enhance cross-border payments, and welcomed the significant achievements of standard setters and international bodies in reducing obstacles. However, at the global level, the FSB says significant progress will be needed to improve the user experience across all payments market segments, and some jurisdictions have made no tangible progress towards implementing the actions previously set out by the FSB to improve legal entity identifier (LEI) adoption. The FSB calls for ‘continued commitment and collaboration from multiple public and private sector organisations in order to achieve tangible results’.
NEWS
The Financial Stability Board (FSB) chair, Klaas Knot, has written to G20 Finance Ministers and Central Bank Governors, ahead of the G20 meeting on 25-26 July 2024, highlighting historically high debt levels of both government and private sector borrowers and vulnerabilities in real estate markets and non-bank financial intermediation (NBFI) as areas that deserve continuing attention. Knot says these vulnerabilities raise the potential for sharp price corrections in the event of a shock, which could be more likely amid heightened geopolitical uncertainty and rich asset valuations in some markets. He calls for full implementation of the agreed G20 financial regulatory reforms to address these vulnerabilities.