Financial crime and financial regulatory enforcement

3 August 2021

The CMA’s Annual Report and digital markets - a time of change

This last year has undoubtedly been a busy and challenging one for the Competition and Markets Authority (CMA). It has seen additional activity arising from its response to the Covid pandemic, the further responsibilities it has taken on post-Brexit (see our related blog: #Brexit, the CMA and competition enforcement), and its work concerning the design and implementation of a pro-competition regime in digital markets. This article looks at its recently published Annual Report and Impact Assessment, calls for change, and the work it has been doing in relation to digital markets.

Caroline Day

23 July 2021

Charities and internal investigations

Charities are not immune to financial crime, fraud or other wrong-doing; there are a number of ways in which charities may be exploited by criminals. 

Caroline Day

15 July 2021

FCA signals streamlining of its own processes and toughening up of the regulatory gateway

The Financial Conduct Authority (FCA), in its annual business plan published today, sets out its areas of focus for the year ahead.  It is, as ever, essential reading for all those in the regulated sector. 

Jill Lorimer

30 June 2021

COVID-19 Fraud: HMRC ramps up its investigations activity

In March 2021 the Chancellor announced the establishment of a taskforce to investigate those who may have fraudulently made use of government schemes set up to protect individuals and businesses against the economic impact of COVID-19 – such as the Coronavirus Job Retention Scheme (CJRS) (widely referred to as the Furlough scheme), the Self-Employment Income Support Scheme (SEISS) and the ‘Eat Out to Help Out’ Scheme.

Nicola Finnerty

4 March 2021

The risks and penalties of money laundering for charities and how to guard against it

Money launderers will look for any opportunity to take advantage of organisations with weak financial controls in order to launder their ill-gotten gains. Charities, trustees, employees and volunteers who knowingly or unwittingly assist money launderers, or who fail to report suspicions, may commit a criminal offence and find themselves liable to prosecution. 

Nicola Finnerty

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