Welcome to Allen & Overy’s Investigations Insight blog, sharing with you our views and insights into the latest trends, risks and developments in financial services investigations

Singapore: Adding to the alphabet soup of accountability regimes

Shuhui Kwok

Australia has its BEAR (Banking Executive Accountability Regime), Hong Kong its MCR and MAI (Manager-in-Charge Regime and Management Accountability Initiative) and the UK its SMCR (Senior Managers and Certification Regime). To this alphabet soup of accountability regimes will be added Singapore’s Guidelines on Individual Accountability and Conduct (Guidelines). Financial institutions doing business in two or Read More

ASIC’s new Chairman promotes ASIC’s enforcement record and outlines his proposed approach to steadying the ship in choppy waters

Edward Einfeld

The new Chairman of the Australian Securities and Investments Commission (ASIC), James Shipton, has welcomed the work of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Financial Services Royal Commission) and noted that many of the matters that have been raised have already been, or continue to be, the subject Read More

Whistleblower update: SEC & CFTC programs busy in 2018

Kurt Wolfe

It has been a busy year for the SEC and CFTC whistleblower programs. From time to time, we like to update our readers on key whistleblower developments in the U.S., and there have been a number of noteworthy developments this year that warrant a closer look. As discussed below, already in 2018, the U.S. Supreme Read More

Financial and economic crime in the UK: what’s on the horizon

Calum Macdonald

The past month has seen the promise of yet more developments to the UK’s ever-evolving financial and economic crime framework. In particular, the FCA has published proposed amendments to its Financial Crime Guide and the influential Treasury Select Committee has announced an inquiry into economic crime. Meanwhile, the UK’s recently enhanced economic crime toolkit is deployed Read More

Mind your step: Hong Kong SFC warns of cryptocurrency and ICO risks

Jeffrey Huang

Hong Kong has not followed China and other jurisdictions in effectively banning cryptocurrency trading and initial coin offerings (ICOs). However, the government and regulators are monitoring developments to guard against efforts to circumvent regulatory requirements in pursuit of market protection. The potential risks and related regulatory concerns relating to cryptocurrency exchanges and investing in ICOs Read More