Financial crime and financial regulatory enforcement

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

3 March 2021

COVID-19 Fraud: New Taxpayer Protection Taskforce

In the Budget 2021, presented to Parliament on 3 March, the Chancellor announced that HMRC will establish a taskforce to investigate those who 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) and the Self-Employment Income Support Scheme (SEISS).

Nicola Finnerty

14 January 2021

FCA sets expectations for firms to record communications when working from home

FCA focuses on risks associated with unmonitored communications, including the use of unencrypted apps, such as WhatsApp, for sharing potentially sensitive or confidential information when working from home.

Louise Hodges

1 December 2020

Pension Fraud: first confiscation order secured by The Pension Regulator

Over £30 million is reported to have been lost to pension scammers since 2017 according to complaints made to Action Fraud. The FCA and other regulators are advising savers to exercise caution in relation to pension fraud, in an effort to minimise the risk that consumers will suffer loss in the first place.

Anna Holmes

11 November 2020

The Holiday is Over: Will the FCA’s efforts to support homeowners after the mortgage payment holiday be enough?

One of the impacts of the Covid-19 pandemic is that national income has fallen dramatically. In response to concerns from homeowners unable to meet their mortgage repayment requirements due to a drop in income, the Treasury and Financial Conduct Authority announced a ‘mortgage payment holiday’. This was the result of banks agreeing to allow mortgage-holders suffering from a drop in income to pause their repayments. A ban on home repossessions was put in place at the same time

Anna Holmes

Skip to content Home About Us Insights Services Contact Accessibility