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A summary of the key legislative and enforcement developments in cross-border white collar crime.
Welcome to Allen & Overy’s Investigations Insight blog, sharing with you our views and insights into the latest trends, risks and developments in business crime and financial services investigations
15 September 2020 - Post by:
The UK Financial Conduct Authority (FCA) chose the latest edition of its Market Watch newsletter to highlight the importance of firms observing the confidentiality restrictions set out in information requirements. Confidentiality restrictions Formal information requirements issued by the FCA typically contain some form of wording to make it clear that they are confidential. However, the › Read More
09 September 2020 - Post by:
The Australian Securities and Investments Commission (ASIC) recently released its Corporate Plan for 2020-24, recalibrating its regulatory priorities in the wake of the COVID-19 pandemic. ASIC’s Chair, James Shipton, emphasised that the quality of financial reports is “more important than ever” to inform investors and preserve market confidence. Moreover, a recent Enforcement Report confirms ASIC’s › Read More
02 September 2020 - Post by:
The UK Financial Conduct Authority (FCA) has highlighted shortcomings relating to firms’ employee training programmes in 32% of the Final Notices that it has published since the start of 2019. With this statistic in mind, firms will no doubt want to compare the training that they provide to their employees on the FCA’s Code of › Read More
25 August 2020 - Post by:
Fitness and propriety is not a new concept in the UK financial services industry. However, the implementation and extension of the UK Senior Managers and Certification Regime (SMCR) over the last few years has forced firms to think more about what fitness and propriety means and, importantly, how they will go about assessing it in › Read More
04 August 2020 - Post by:
Earlier this month, the French Anti-Corruption Agency (Agence française anticorruption) published its 2019 annual report, setting out its main actions over the course of last year as regards training and awareness, enforcement and cooperation. France needs to strengthen its anti-corruption culture and framework Whilst noting that France dropped from 21st to the 23rd on the › Read More