Government consults on changes to competition rules and mergers
A trio of consultations looks at fundamental changes to the CMA The new UK government has announced three significant consultations to changes in operations of the Competition and Markets Authority (CMA), and the operation of key competition legislation including the Digital Markets, Competition and Consumers Act 2024 (DMCC Act).
Australia’s money laundering scandals
A deep dive into the Commonwealth Bank of Australia’s failures that resulted in massive AML breaches The Commonwealth Bank of Australia (CBA), one of the nation’s largest and most prestigious financial institutions, was found to have failed in its duty to prevent money laundering on an enormous scale. The bank, which has extensive operations throughout […]
Singapore’s Billion-Dollar Scandal
How authorities uncovered what is now the largest money laundering case in the city-state’s history In a case that has upended Singapore’s financial sector, authorities have uncovered a money laundering scandal that involves an astonishing $2.2 billion in illicit assets. At the same time, they revealed a complex web of deception that has tainted the […]
The case of the lawyer who was too polite – and got his firm in trouble with the SRA
Top law firm Dentons was accused of breaking money laundering regulations thanks to a lawyer who didn’t check a client’s source of funds Dentons, an international law firm, was charged by the SRA with breaching UK money-laundering regulations because one of its lawyers was too polite to ask a politically connected banker from a former […]
Status of CSRD transposition into national law? Not good
The deadline has passed but most EU member states are still at the draft stage – or worse The deadline for transposing the Corporate Sustainability Reporting Directive (CSRD) into national law was July 6th. But that deadline does not seem to concern most EU member states. Only a few have completed the legislative process. In […]
Crypto celebs
Our guide to those who fell for crypto and the one who didn’t. Spoiler alert: It’s Taylor Swift. Of course. The initial appeal of cryptocurrencies was fairly obvious. The digital currencies heralded a new era of economic activity that didn’t require stodgy banks or heavy regulations and represented a democratisation of access to money in […]
As climate change impacts intensify, how can your organisation save energy and water?
In an era marked by significant environmental shifts, with hotter than normal summer temperatures in the UK and the US, apocalyptic fires and devastating floods in the US, Canada and other regions, among other extreme weather events, improving sustainability has become crucial for companies to ensure long-term success and resilience. The urgency to conserve water […]
Busting the myths on Source of funds and Source of wealth
It’s a key piece of client due diligence. And it’s also the hardest part to do. We bring you some clarity so you can make this element of the CDD process a smoother one. There is perhaps no other issue that vexes people in compliance more than the source of funds/source of wealth (SoF/SoW) check. […]
The most frequently asked questions companies have about sustainability
As regulations appear to be increasing and stakeholders care more than ever about non-financial issues, it’s time to answer all your questions There’s no doubt about it: We are entering a new era in sustainability. There are regulations that companies are dealing with both in the UK and the EU and stakeholders are clamouring for […]
How can universities protect their students’ safety and wellbeing?
At the height of summer break, as many are enjoying vacations, spending time with family, or simply unwinding from the busy year, safeguarding universities might not be the first thing on everyone’s mind. But the start of the academic year is just around the corner, and now is the perfect time to start considering this […]
