HSBC faces lawsuit for ‘misrepresenting’ Disney investments
Investors have accused the bank of using their money to pay out scheme promoters, law firm says
Legal
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Up to seven years in jail for pension mismanagement
UK to drop the hammer on ‘wilful or reckless’ behaviour by pension schemes?
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Regulator warns CEOs about unfair and misleading marketing
UK watchdog sent a letter after concerns about potential ‘unlawful’ promotion of financial products
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UK launches agency to fight economic crime
Launch of National Economic Crime Centre aims to prevent criminals benefiting from illicit finances
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Jersey to fine individuals for breaking financial rules
Regulator can now penalise employees instead of just companies for breaches of Code of Practice
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India and Singapore slammed for lax bribery controls
Countries on list of top offenders, which have “little or no enforcement” of anti-bribery laws.
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Brexit speeds end to client signature chase
Era of ‘wet ink’ antiquated in the digital age
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FCA to prosecute unauthorised investment scheme boss
The suspect has been charged with three offences
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‘Onerous compliance’ behind UK money laundering failings
UK anti money laundering efforts are struggling because heavy handed reporting rules are creating a glut in poor quality reports – a reform body has said.
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Claimant numbers double in mis-sold Sipp lawsuit
A UK law firm at the heart of a mis-selling case against an introducer, a financial adviser and two Sipp providers has said it now represents 210 clients.
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Fraudster ordered to hand over inheritance to pay fine
A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).
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Tax investigators could get greater search warrant powers
The UK’s Serious Fraud Office and HM Revenue & Customs could be given the right to apply for a search warrant independently of the police under modernisation plans.