Criminal

The FCA’s Business Plan 2017/2018: Key themes

Samantha Holland

Earlier this week, on 18 April 2017, the UK Financial Conduct Authority (the FCA) published its Business Plan for 2017/2018 setting out the FCA’s activities and priorities for the coming year. At the same time the FCA published its Mission (see our previous blog post on the FCA’s consultation on its Mission here) and, for Read More

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The Criminal Finances Bill: Part One

Calum Macdonald

With the publication of the draft Criminal Finances Bill 2016-2017 on Thursday, financial services firms have been put on notice of what stands to be the largest expansion of UK corporate criminal liability since the Bribery Act 2010. In case that were not enough for practitioners to digest, the Bill also proposes one of the most Read More

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The UK’s second Deferred Prosecution Agreement

Calum Macdonald

On 8 July 2016, the UK’s second-ever Deferred Prosecution Agreement (DPA) was concluded between the Serious Fraud Office (SFO) and an unnamed party for a number of bribery offences. Related criminal proceedings are still on-going. Accordingly, to preserve anonymity certain facts have not yet been released and the judgment authorising the DPA refers to the Read More

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A new approach to enforcement of UK sanctions?

Thomas Cusworth

On 31 March 2016 the UK Office of Financial Sanctions Implementation (OFSI), part of HM Treasury (HMT), opened. As noted in our publication on 17 May 2016, this may herald more aggressive enforcement against breaches of the financial sanctions regime in the UK. OFSI has been created to administer and enforce UK sanctions and has Read More

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Settlement opportunities in France: Change on the horizon?

Dan Benguigui

Legislation recently (or about to be) adopted in France will strengthen the French legal systems’ opportunities to settle white collar investigations.   The “Sapin II” Bill Named after France’s Minister of Finance, Michel Sapin, the bill adopted by France’s National Assembly on 14 June 2016 and currently examined by the Senate, will introduce a new Read More

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