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UK Government Publishes “Failure to Prevent Fraud” Guidance

January 2025 | Europe

Global Investigations & Compliance Review

Time is of the Essence to Implement New ADGM Whistleblower Protection Regulations

In 2024, the Abu Dhabi Global Market (“ADGM”) further enhanced transparency, accountability, and market integrity within the financial freezone by introducing the Whistleblower Protection Regulations 2024 (the “Regulations”).  In brief, those Regulations require certain entities registered or licensed to operate or conduct any activity within the ADGM to implement arrangements for handling whistleblowing, including having...… Continue Reading The post Time is of the Essence to Implement New ADGM Whistleblower Protection Regulations appeared first on Global Investigations & Compliance Review.

January 2025 | Blog

Global Investigations & Compliance Review

Fast-Growing UK Challenger Bank Fined £29m for Insufficient Sanctions and Financial Crime Controls

On September 27, 2024, the Financial Conduct Authority (“FCA”), which is a financial regulatory body in the UK that regulates firms providing financial services to consumers, fined a UK Challenger Bank (the “Bank”) £29 million due to significant failings in its financial sanctions compliance and anti-money laundering systems and controls. The FCA’s Summary of Reasons...… Continue Reading The post Fast-Growing UK Challenger Bank Fined £29m for Insufficient Sanctions and Financial Crime Controls appeared first on Global Investigations & Compliance Review.

November 2024 | Blog

Global Investigations & Compliance Review

DOJ Updates Guidance on Corporate Compliance Programs

In a post published earlier this year, we highlighted the importance of proactively managing artificial intelligence (“AI”) risks as part of an effective compliance program. Specifically, we explored the key considerations for organizations to effectively navigate AI-related risks and enhance their compliance efforts.  We also referenced Deputy Attorney General Lisa O. Monaco’s announcement incorporating an...… Continue Reading The post DOJ Updates Guidance on Corporate Compliance Programs appeared first on Global Investigations & Compliance Review.

October 2024 | Blog

Global Investigations & Compliance Review

Insider Dealing: Increasing Scope and Greater Focus from UK and US Enforcement – Are You up to Speed?

The UK and US enforcement agencies have been actively pursuing insider dealing (“insider trading”, in US parlance) since the COVID-19 pandemic ended. The UK and US have different securities enforcement regimes, but both have seen recent developments expanding the scope of conduct that can be prosecuted. For individuals and organizations trading across multiple jurisdictions, it...… Continue Reading The post Insider Dealing: Increasing Scope and Greater Focus from UK and US Enforcement – Are You up to Speed? appeared first on Global Investigations & Compliance Review.

August 2024 | Blog

Publication

Family Office Insights – Insider Dealing: Increasing Scope and Greater Focus From UK and US Enforcement – Are You up to Speed?

July 2024 | Global

Global Investigations & Compliance Review

The UAE Exits FATF’s Grey List

The authors wish to thank Molly McKenna for her contributions to this post. On February 23, 2024, the Financial Action Task Force (“FATF”) removed the United Arab Emirates (“UAE”) from its list of jurisdictions under increased monitoring (the “Grey List”).  As noted in our previous article (see here), FATF had intimated at its October 2023...… Continue Reading The post The UAE Exits FATF’s Grey List appeared first on Global Investigations & Compliance Review.

February 2024 | Blog

Global Investigations & Compliance Review

Recent Changes to FATF’s “Grey List”; Could the UAE be Next Off the List?

Between October 25 and October 27, 2023, the Financial Action Task Force (“FATF”), an international policy-making and standard-setting body dedicated to combating money laundering and terrorist financing, held its third plenary meeting of the year (the “October Plenary”), at which it made important updates to its list of jurisdictions under increased monitoring, often externally referred...… Continue Reading The post Recent Changes to FATF’s “Grey List”; Could the UAE be Next Off the List? appeared first on Global Investigations & Compliance Review.

January 2024 | Blog

Global Investigations & Compliance Review

VARA’s Strict Application of its Virtual Assets and Related Activities Regulations 2023

The United Arab Emirates (“UAE”) has long been at the forefront of embracing technological and financial innovation.  For example, Dubai has emerged as a global hub for virtual assets (“VAs”) and cryptocurrencies.  Earlier this year, the Dubai Virtual Assets Regulatory Authority (“VARA”) adopted its first Virtual Assets and Related Activities Regulations 2023 (the “Regulations”), along...… Continue Reading The post VARA’s Strict Application of its Virtual Assets and Related Activities Regulations 2023 appeared first on Global Investigations & Compliance Review.

September 2023 | Blog

Global Investigations & Compliance Review

United States Departments of Treasury, Commerce, and Justice Issue “Tri-Seal” Compliance Note on Voluntary Self-Disclosures of Potential Violations

Earlier this year, we published a post on the first Tri-Seal Compliance Note (“First Note”) issued by the United States Department of Justice’s (“DOJ”) National Security Division (“NSD”), the Department of Commerce’s Bureau of Industry and Security (“BIS”), and the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”).[1]  When issuing the First Note,...… Continue Reading The post United States Departments of Treasury, Commerce, and Justice Issue “Tri-Seal” Compliance Note on Voluntary Self-Disclosures of Potential Violations appeared first on Global Investigations & Compliance Review.

August 2023 | Blog