We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 508

Scope of proposed new offence of failing to prevent economic crime
  • Herbert Smith Freehills LLP
  • United Kingdom
  • September 15 2016

This week has seen a flurry of press reports which appear to suggest that individual directors could be held personally liable for the acts of


MAR_bitesize - New Market Abuse powers for the FCA (2)
  • Herbert Smith Freehills LLP
  • United Kingdom
  • September 19 2016

The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (the "regulations") were passed to ensure that UK law was compatible with


European Commission proposal to amend and fast-track Fourth Money Laundering Directive
  • Herbert Smith Freehills LLP
  • European Union, United Kingdom
  • July 21 2016

On 5 July 2016, the European Commission approved a proposal (20160208 (COD)) (the “Proposal”) to implement a number of amendments and additions to


What is a trust or company service provider?
  • Herbert Smith Freehills LLP
  • United Kingdom
  • August 15 2008

Following the coming into force of the Money Laundering Regulations 2007 (the Regulations) in December 2007 there was concern as to the scope of "Trust or Company Service Provider"


Cyber Security Quarterly Round-Up - July 2016
  • Herbert Smith Freehills LLP
  • Australia, European Union, United Kingdom, USA
  • July 20 2016

Cyber security affects all businesses and industries and is a Board level agenda item. Our quarterly eBulletin provides a round-up of best practice


The UK’s risk-based approach to the “Politically Exposed Persons” regime - section 30 of the Bank of England and Financial Services Act 2016
  • Herbert Smith Freehills LLP
  • United Kingdom
  • May 25 2016

The Bank of England and Financial Services Act 2016 (the "Act") paves the way for a more risk-based approach to the Politically Exposed Persons


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


Market Abuse Update July 2016
  • Herbert Smith Freehills LLP
  • Australia, European Union, United Kingdom, USA
  • August 3 2016

The Market Abuse Regulation (MAR) and the Criminal Sanctions (Market Abuse) Directive came into application in Europe on 3 July. Various outstanding


Shah v HSBC: what duties do banks owe their customers when making SARs?
  • Herbert Smith Freehills LLP
  • United Kingdom
  • April 24 2009

Earlier this year, the High Court considered a claim by a customer against his bank in relation to its failure to process transactions whilst requests for consent under the Proceeds of Crime Act 2002 (POCA) were pending with the Serious Organised Crime Agency (SOCA


Anti-money laundering and anti-bribery systems and controls at asset management firms: FCA thematic review
  • Herbert Smith Freehills LLP
  • United Kingdom
  • December 1 2013

In October 2013, the Financial Conduct Authority (FCA) published the much-anticipated report of its thematic review into anti-money laundering (AML