SRA ends the year with a fining blitz, continuing to make good on its threats
Over £600K levied against UK firms over the past year When the Economic Crime and Corporate Transparency Act (ECCTA) passed last fall, the Solicitors Regulation Authority (SRA) was provided with increased powers to collect data and impose increased fines. The regulator did not waste a lot of time wielding its new clout. Over the past […]
What to expect from AI & GDPR in 2025
The intersection of the General Data Protection Regulation (GDPR) and artificial intelligence (AI) is going to be a key focus for compliance in 2025 – and our guide is here to help you get ready. As AI gets increasingly sophisticated – leaving massive amounts of data in its wake – it is also becoming embedded […]
What to expect in AML, fraud and financial crime in 2025
The world of anti-money laundering (AML), fraud and corruption is rapidly evolving, and 2025 is shaping up to be a pivotal year. With new technologies – think AI – upping the threat levels in cryptocurrency-related crimes, cybersecurity breaches and supply chain abuses coupled with stricter global regulations, it’s going to get harder for businesses to […]
For financial services companies, a complicated picture under a new Trump administration emerges
The global implications a new Trump administration will have on corporate compliance is something financial services organisations with an international presence are thinking about as the countdown begins until Donald Trump assumes the US presidency in just about a month. It’s anticipated that the inauguration of a conservative administration under President Trump will significantly reshape […]
Is corporate compliance headed for a world of change under President Trump?
Amidst a pro-business sentiment and a penchant for deregulation, it is assumed that a new Trump administration means that regulations across the board will ease up. But in the current very complicated world, the situation is not that simple. National security issues Certain industries will of course experience less enforcement pressure – think energy and […]
Australian Parliament approves the AML/CTF amendment bill 2024
The long-awaited tranche 2 reforms are an important milestone in the country’s approach to compliance The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024 was finally passed by the Australian Parliament. The legislation represents substantial reforms to the AML/CTF regulatory regime and demonstrates a significant move in Australia’s efforts to combat financial crime. Australia […]
Teacher awarded £60K by employment tribunal
The decision was based on disability discrimination related to menopause In a decision that is likely to reverberate throughout the business sector, a teacher in Scotland was awarded £60K by an employment tribunal because she refused to move schools, stating that the move would exacerbate her menopausal symptoms. After the teacher refused, she was dismissed […]
EU, UK expand sanctions on Iran
More sanctions likely as an incoming Trump administration likely to echo this tough stance In an indication that sanctions will continue to be employed to combat terror financing, the EU and the UK just dropped new sanctions on Iran. The move comes in response to Tehran’s transfer of drones and ballistic missiles to Russia for […]
Tranche-2 is (finally) coming
What you need to know now about Australia’s AML/CTF reforms It’s increasingly likely that reforms to Australia’s AML/CTF Act (Tranche 2) will be implemented early 2025 and with the new laws likely to take force by 2026. It’s (finally) time for businesses to get ready . Australia has lagged the world in anti-money-laundering/counter-terrorism financing (AML/CTF) […]
Are you ready for DORA?
Designed to strengthen the digital resilience of the financial sector, the EU’s Digital Operational Resilience Act comes into force this January 2025’s focus on trying to get a handle on emerging technologies opens with the EU’s Digital Operational Resilience Act (DORA) which mandates that financial institutions and critical sectors strengthen their cybersecurity frameworks. It comes […]
