Compliance Monitor

A spate of appalling terrorist attacks in the last 12 months, notably in France, have fuelled the European Union AML/CFT agenda – with the prospect now of augmented Fourth Directive implementation by the end of the year. Dan Hudson and Susannah Cogman examine the accelerated programme.

The Court of Appeal recently ruled there was a breach of duty where a broker had received commission from a lender, unbeknown to the client, who also paid the broker directly. The Court’s finding of an unfair relationship created by payment of the procuration fee could lead to more significant remedies in other cases, depending on the facts, says Jason Woodland.

There was a 19% slump in the number of whistleblowing reports to the Financial Conduct Authority in 2015, after the previous year saw a steep rise. In 2013 the regulator received 948 notifications from whistleblowers, while in 2014 there were..

Not only are financial institutions juggling anti-money laundering compliance with admonitions to avoid ‘wholesale de-risking’ – they also face competition law risks such as abusing a dominant position or anti-competitive agreements. More clarity is needed, urge Guy Wilkes and David Harrison.

Andrew Tyrie, chairman of the Treasury Select Committee, has called on the Financial Conduct Authority to clarify and strengthen its processes for the treatment of whistleblowers.The TSC and the FCA have been exchanging letters about the..

After over eight years of review and consultation by the Joint Law Commissions, the most radical change to UK insurance contract law for over 100 years came into force on 12 August. David Kendall sets out the main issues for underwriters.

Recent scandals in which major banks have allegedly mistreated and even brought on the collapse of small and medium-sized businesses have led to the formation of vocal lobby groups for the injured customers. Adam Samuel delves into the holes in their regulatory protections.

With much of the impetus for the Market Abuse Regulation coming from the UK, it seems unlikely to undergo change as a result of Brexit. Ronald Gould highlights main challenges of the regime.