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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

Investigations Insight is moving home

The Investigations Insight blog is moving to the main Allen & Overy website.  If you are currently a subscriber, you will be migrated to the new site, which will have improved functionality. We will continue to cover the same type of investigations and financial crime related content, although there will be a slight pause in Read More

UK FCA extends annual financial crime reporting obligation (REP-CRIM) to more firms

The FCA is extending its existing annual financial crime reporting obligation (termed the “REP-CRIM” by the FCA) to a broader range of firm types.  The change is expected to impact approximately 4500 firms who were previously not in scope.   We take a look at what this means for the new firms in scope, and Read More

The UK FCA’s direction of travel on culture, diversity and inclusion

While undoubted progress has been made to improve cultures in financial services firms in recent years, the industry still has some distance to travel on diversity and inclusion. Three recent FCA speeches provide some clarity about how the FCA expects firms to better their cultures. Many people have not seen the inside of an office Read More

The FCA wants “purposeful” AML systems and controls

Firms must have “purposeful” AML systems and controls, according to Mark Steward (the FCA’s Executive Director of Enforcement and Market Oversight) in a recent speech. What does the FCA mean by “purposeful” AML systems and controls? And what does this add to the existing requirement for firms to establish “effective” systems and controls? A key Read More

New powers for the UK Pensions Regulator

The Pensions Regulator has new and far-reaching powers to investigate and prosecute those who put pension schemes at risk.  The broad scope of the new offences and information gathering powers has caused a stir in the pensions industry and beyond. New criminal offences relating to pensions schemes The Pension Schemes Act 2021 received Royal Assent Read More