Penalties
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FCA plans to cut fee for firms for current financial year
An increase in fines imposed on firms is likely to result in greater revenue this year, and a reduction in fee for firms that the FCA regulates.
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BoE consolidates and clarifies enforcement approach
The new policy statement delineates the range of enforcement powers at the BoE’s disposal and tries to provide transparency and clarity for firms.
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Deterrence to the fore in CFTC enforcement guidance
New guidance addresses monetary penalties, recidivism, monitor and consultant undertakings as well as admission resolutions.
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The SEC and FCA: A pond, 362 investigations, and $4 billion in penalties apart
Statistics published by the SEC and FCA allow comparison of US and UK regulatory enforcement trends.
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Colombian firm to pay $80m to resolve foreign bribery investigations
Corficolombiana paid more than $28m in bribes to high-ranking government officials to win a massive infrastructure project.
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New FCA enforcement chief sets out strong stance
Therese Chambers sent out a clear message in her first speech in the role.
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Ericsson pleads guilty and pays $206m after breaching 2019 FCPA agreement
The company breached the Deferred Prosecution Agreement from 2019 by violating cooperation and disclosure provisions.
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Former bank CEO publicly censured after AML failings
Sonali Bank (UK) Limited’s previous CEO issued with final notice after weak anti-money-laundering procedures.