Blog
Press Round-Up: Regulatory and Professional Discipline – May 2026
Jack Garden
14 June 2017
FCA prepares for Fourth Money Laundering Directive
As the political debate centres on whether Brexit talks may be delayed post General Election, there is one European deadline that is not moving and that is the implementation date for the Fourth Anti-Money Laundering Directive (“4MLD”).
31 May 2017
Tough action against solicitor who laundered proceeds of bogus investment scheme
The Central Criminal Court made confiscation orders last week against the two final defendants who were convicted of offences following one of the FCA’s largest investigations into unauthorised investment activity.
9 March 2017
Budget 2017 – 35 “New” ways to tackle tax avoidance and evasion
Philip Hammond MP, the Chancellor of the Exchequer, has delivered the last (for the time being) Spring Budget.
6 March 2017
FCA’s use of private warnings under scrutiny
The FCA has privately warned 39 senior executives of financial firms over the last five years. According to figures obtained from the Financial Times, 14 of these executives still hold authorised roles in the financial services industry.
3 March 2017
New amendments to FCA/PRA decision-making practice and procedure from 1 March 2017: partly contested cases and abolition of stage 2 and 3 settlement penalty discounts
We have commented previously on the Financial Conduct Authority’s (“FCA”) and Prudential Regulation Authority’s (“PRA”) joint policy statement on enforcement decision-making (see here). By way of a reminder, the FCA and the PRA published in February 2017 a joint policy statement on the proposed implementation of HM Treasury's (“HMT”) review of enforcement decision-making at the FCA and the PRA and Andrew Green QC's report into the FSA's enforcement actions following the failure of HBOS plc. The policy statement outlines the amendments to the FCA’s Glossary, the Decision Procedure and Penalties manual (“DEPP”) and the Enforcement Guide (“EG”).