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Results: 1-10 of 25

US: applicability of business judgment rule to bank officers to be considered by Supreme Court of Georgia

  • Herbert Smith Freehills LLP
  • -
  • USA
  • -
  • December 6 2013

As the UK Government shapes, and reshapes, provisions in the Financial Services (Banking Reform) Bill to make individual accountability a reality for

French AMF fines two bloggers for “misleading” financial commentary

  • Herbert Smith Freehills LLP
  • -
  • France, USA
  • -
  • November 25 2013

The AMF has taken enforcement action against the author of a blog, a retired professor of financial analysis who describes himself on his blog site

FCA confirms how it will use new powers to publicise warning notices

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • October 21 2013

On 15 October 2013, the FCA published its Policy Statement (PS139) on the publication of information about warning notices under its new powers (see

Corporate crime update September 2013 - United Kingdom

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • September 20 2013

On 8 August 2013 the Financial Conduct Authority ("FCA") issued a Final Notice against Guaranty Trust Bank (UK) Limited ("GTBUK"), the fifth in a

The FCA's financial crime priorities

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • August 16 2013

The Financial Conduct Authority ("FCA") recently published two documents which provide additional information about its current supervisory and

FCA fines bank for anti-money laundering failings

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • August 13 2013

On 8 August 2013 the Financial Conduct Authority ("FCA") issued a Final Notice against Guaranty Trust Bank (UK) Limited ("GTBUK"), the fifth in a

Market abuseinsider dealingFSA enforcement

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • October 10 2012

The Wheatley Review of LIBOR, which was commissioned by HM Treasury to review the London Inter-Bank Offered Rate, has issued its final report

FSA fines bank and its former MLRO for failure to comply with anti-money laundering requirements

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • May 31 2012

In May 2012 the FSA issued Final Notices fining Habib Bank AG Zurich (“Habib”) £525,000 for failure to take reasonable care to establish and maintain adequate anti-money laundering (“AML”) systems and controls and fining its former Money Laundering Reporting Officer (“MLRO”) Syed Hussain £17,500 for failure to take reasonable steps to ensure that Habib complied with relevant AML requirements

Shah v HSBC: High Court clarifies bank's duties to customers when making SARs

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • May 22 2012

The High Court has clarified the extent to which banks are required to disclose information to their customers about whom they have made money laundering disclosures or have obligations to such customers which could expose them to liability in the event that the banks' money laundering disclosures causes loss to those customers

Court of Appeal rules that identity of employees making money laundering reports can be redacted when disclosing documents in Shah and another v HSBC Private Bank (UK) Limited 2011 EWCA Civ 1154

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • November 17 2011

The case concerns an interim application regarding the disclosure of documents by HSBC, in the context of proceedings brought by Mr Shah and his wife against HSBC seeking damages for breaches of duty and failure to follow his instructions to process transactions whilst the bank’s requests for consent under the Proceeds of Crime Act 2002 (POCA) were pending with the Serious Organised Crime Agency (SOCA