The U.K.’s key financial regulators have pared down the compliance requirements that hold senior managers accountable as part of the government’s drive to reduce undue regulation by half and boost investment.
Neil Hodge
Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal issues for a wide range of publications in the United Kingdom and United States.
Posted inData Privacy
Companies should brace for scrutiny, fines after EDPB’s latest GDPR investigation
The European Data Protection Board has made checking organizations’ compliance with the GDPR’s transparency requirements a key area of focus for the coming year under its Coordinated Enforcement Framework.
Posted inArtificial Intelligence
New code for AI Act compliance will be ‘de facto’ standard, say experts
The European Union has issued updated guidance to help companies better understand—as well as comply with—the transparency requirements that underpin the bloc’s groundbreaking legislation aimed at ensuring safe AI use.
Posted inFinance
Lloyds IT glitch: Key lessons for compliance
IT outages seem to be increasingly prevalent in the financial services sector, despite a firmer focus on technical resilience by regulators both in the United Kingdom (U.K.) and the European Union (EU). A recent tech glitch that hit a major U.K. bank should compel compliance teams in the sector to review their IT security and incident reporting at the very least, say experts.
Posted inOpinion
Iran blockade: 5 top tips for compliance officers
The continuing United States and Israel-led campaign against Iran and the blockade of the Strait of Hormuz have created numerous difficulties for companies both directly and indirectly. Experts set out the top five key issues that compliance officers face due to the ongoing situation in Iran:
Posted inCryptocurrency and Digital Assets
FCA joins police, HMRC to carry out first crackdown on illegal crypto trading
The U.K.’s financial services regulator has raided eight addresses in London as part of an operation working with police and tax authorities to disrupt illicit crypto activity and prevent possible financial crime risks.
Posted inRegulatory Policy
EU moves step closer to harmonizing anti-corruption laws
The European Union has moved a step closer in its plans to introduce new rules meant to harmonize how member states tackle corruption, as well as how EU institutions and agencies such as Europol, Eurojust, and the European Anti-Fraud Office work together to protect the bloc’s budget and combat corporate crime.
Posted inRegulatory Policy
Preparing for the EU’s anti-corruption directive
The EU Anti-Corruption Directive is set to come into force in a few months’ time and will take effect in mid-2028. It will harmonize bribery and corruption rules across the Single Market, as well as raise the prospect of better enforcement in those EU countries that have—so far—taken a decidedly lax approach to investigating and prosecuting serious corporate crime.
Posted inRegulatory Enforcement
Lafarge guilty of financing terror, execs jailed
Lafarge has been found guilty of financing terrorism and violating international sanctions by a French court, while several of its former executives have been handed jail sentences in a case that has put corporate ethics firmly under the spotlight.
Posted inBanking
FCA sets out plans for industry to compensate 12.1 million for car finance scandal
Over 12 million customers are eligible for compensation after being ripped off by car finance firms that racked up fees by arranging inflated interest rates for loan repayments and denied people the chance to seek better deals.
