Enforcement Watch Roundup Issue 38: September 2022 Editor's Note As ever, there has been a certain throughput in recent months of enforcement cases. Although this time, it somewhat unusually includes two sets of listing cases. On the Horizon unsurprisingly features articles relating to consumers, but it also reports on a rather unusual update from the FCA on market abuse and manipulation. We hope you find the issue interesting. Read the full note Enforcement Highlights News FCA fines JLT Specialty Limited £7.8 million for financial crime control failings The Financial Conduct Authority (FCA) has fined JLT Specialty Limited (JLTSL) £7,881,700 for financial crime control failings relating to bribery and corruption. News Ghana International Bank Plc has been fined £5.8 million for AML failings The FCA has fined Ghana International Bank Plc (GIB) £5,829,900 for poor anti-money laundering and counter-terrorist financing controls over its correspondent banking activities in the period from 1 January 2012 and 31 December 2016 (the "Relevant Period"). News FCA cases lay down marker for directors of listed companies Published FCA cases against directors of listed stocks are relatively rare. There have unusually been two recently published sets of cases, and executive and non-executive directors alike would do well to pay close attention to them. News FCA fines Citigroup’s international broker-dealer for market abuse monitoring failures The Financial Conduct Authority ("FCA") has fined Citigroup Global Markets Limited ("CGML") £12,553,800 for failing to properly implement the Market Abuse Regulation (MAR) trade surveillance requirements. On the Horizon News The FCA issues a warning to lenders on treating borrowers fairly in a changing landscape The (FCA) sent letters to more than 3,500 lenders, including retail banks and consumer credit firms, to remind them of the standards they should meet. News The FCA's work on market abuse and manipulation – a timely update On 17 June 2022, the FCA issued an update on its work in the market abuse and manipulation space. News FCA changes to the Appointed Representatives Regime signal serious intent On 3 August 2022, the FCA published its Policy Statement on strengthening the rules relating to the Appointed Representative ("AR") regime. This provides feedback on its December 2021 consultation, and sets out the final rules that will apply. Post Global Investigation Review: The Guide to Compliance - UK Compliance Requirements Managing Associate, Elizabeth Subscribe Never miss a publication by signing up to our mailing list Subscribe Enforcement Watch Roundup: Subscribe Enforcement Watch Roundup Issues Issue 44 Sep 2024 Issue 43 May 2024 Issue 42 Jan 2024 Issue 41 Sep 2023 Issue 40 May 2023 Issue 39 Jan 2023 Issue 38 Sep 2022 Issue 37 May 2022 Issue 36 Jan 2022 Issue 35 Sep 2021 Issue 34 May 2021 Issue 33 Jan 2021 Issue 32 Sep 2020 Issue 31 Jun 2020 Issue 30 Jan 2020 Issue 29 Jul 2019 Issue 28 Apr 2019 Share
News FCA fines JLT Specialty Limited £7.8 million for financial crime control failings The Financial Conduct Authority (FCA) has fined JLT Specialty Limited (JLTSL) £7,881,700 for financial crime control failings relating to bribery and corruption.
News Ghana International Bank Plc has been fined £5.8 million for AML failings The FCA has fined Ghana International Bank Plc (GIB) £5,829,900 for poor anti-money laundering and counter-terrorist financing controls over its correspondent banking activities in the period from 1 January 2012 and 31 December 2016 (the "Relevant Period").
News FCA cases lay down marker for directors of listed companies Published FCA cases against directors of listed stocks are relatively rare. There have unusually been two recently published sets of cases, and executive and non-executive directors alike would do well to pay close attention to them.
News FCA fines Citigroup’s international broker-dealer for market abuse monitoring failures The Financial Conduct Authority ("FCA") has fined Citigroup Global Markets Limited ("CGML") £12,553,800 for failing to properly implement the Market Abuse Regulation (MAR) trade surveillance requirements.
News The FCA issues a warning to lenders on treating borrowers fairly in a changing landscape The (FCA) sent letters to more than 3,500 lenders, including retail banks and consumer credit firms, to remind them of the standards they should meet.
News The FCA's work on market abuse and manipulation – a timely update On 17 June 2022, the FCA issued an update on its work in the market abuse and manipulation space.
News FCA changes to the Appointed Representatives Regime signal serious intent On 3 August 2022, the FCA published its Policy Statement on strengthening the rules relating to the Appointed Representative ("AR") regime. This provides feedback on its December 2021 consultation, and sets out the final rules that will apply.
Post Global Investigation Review: The Guide to Compliance - UK Compliance Requirements Managing Associate, Elizabeth