Blog
Private prosecutions – A route to justice for the charity sector
Sophie Tang
20 January 2023
The Gambling Commission’s focus on AML failings shows no signs of abating with the publication of new regulatory actions
With the back-to-back release of public statements, regulatory actions by the Gambling Commission are coming thick and fast. On 17 January the Commission announced it had agreed a regulatory settlement with the online gaming company, Vivaro Limited trading as Vbet, in respect of its AML and responsible gambling failings. Following swiftly on its heels was the statement of action taken against another online gaming company, TonyBet, for imposing unfair terms and for its AML and responsible gambling failings.
13 January 2023
FCA anti-money laundering fines continue to mount up
Over the past few months, the FCA has handed out a string of significant financial penalties relating to anti-money laundering (AML) systems and controls failures at financial institutions in the UK.
22 December 2022
The Public Sector Fraud Authority: too little, too late?
There is an epidemic of fraud in England and Wales – it now accounts for 40% of all crimes. And that is just the tip of the iceberg: many instances are under reported and under investigated due to limitations in police resources. It’s hoped that a new public sector authority may provide the impetus to tackle this huge burden.
14 December 2022
Failure to prevent: Will more money for HMRC mean enforcement at last?
Chancellor Jeremy Hunt’s Autumn Statement made newspaper headlines for its tax changes and cuts to public spending. But the statement also included a plan to increase funding to HMRC, in a move which might finally allow the agency to begin enforcing the woefully underused corporate criminal offences (CCOs) of failure to prevent the facilitation of UK and foreign tax evasion.
14 December 2022
The FCA’s growing toolkit to tackle ESG issues
In late October the FCA launched a consultation on CP22/20 a range of new rules that will enhance its regulatory toolkit for dealing with ESG issues.
- Controlling and coercive behaviour
- Corporate crime
- Corporate manslaughter and health and safety
- Crime and justice
- Cyber crime
- Extradition and international crime
- Financial crime and financial regulatory enforcement
- Fraud
- Internal investigations
- Legal Updates
- Online Safety Regulation
- Police investigations
- Proceeds of Crime
- The Economic Crime and Corporate Transparency Act
- Unexplained Wealth Orders
- Youth crime and justice