Crypto firms are set to be regulated by the United Kingdom’s key financial watchdog from late 2027, but the rules around how it will do so are still being ironed out.
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 inRegulatory Policy
Red flags, top-tips to help identify forced labor at home and abroad
Efforts by the Trump administration to impose tariffs on countries that it deems do little to discourage or penalize companies that profit from forced labor have reignited the need for compliance teams to ask deeper questions about how their organizations attempt to uncover incidences of modern slavery in the workplace and supply chains.
Posted inRegulatory Enforcement
Trump’s latest tariffs gambit puts spotlight on ‘inadequate’ forced labor laws
The risks associated with companies either conniving in or unwittingly profiting from modern slavery have garnered increased attention over recent years, but the United States’ latest attempt to hit dozens of countries with tariffs for failing to tackle the problem more seriously has pushed the issue of forced labor to the top of corporate agendas.
Posted inData Privacy
ICO lists five steps to help companies protect themselves from AI cyber threats
Companies have long prioritized cybersecurity as a key risk to their operations, but AI’s ability to increase the number, speed, severity, and types of attacks has prompted the U.K.’s regulator to set out five practical steps that organizations can take to strengthen their resilience against AI-powered threats and cyberattacks.
Posted inFinancial Services
U.K. slashes FS rules, seeks closer EU regulation ties to boost growth
The U.K. government has announced a raft of legislation that will drastically cut compliance requirements in the financial services sector, as well as aim to bring the United Kingdom more in line with the EU to simplify customs regulations and boost trade.
Posted inEnergy and Utilities
BP chairman ousting: A failure of ‘tone at the top’ or a triumph of good governance?
The speed at which a major oil company has fired its chairman over allegations of bullying and aggressive behavior may be viewed as a triumph of ethical policies—and a failure of the “tone at the top”, say experts.
Posted inRegulatory Policy
Key steps to prepare for the Crime and Policing Act
Companies that do business in the United Kingdom will soon find themselves subject to a new regime where more people in the organization can be subject to criminal prosecution—and not just for a handful of serious economic crimes.
Posted inRegulatory Enforcement
U.K. set to make ‘senior managers’ more accountable for corporate crime
The risk of criminal liability is set to increase for companies doing business in the United Kingdom after new legislation takes effect in June.
Posted inArtificial Intelligence
Top tips to comply with EU AI Act’s transparency obligation
The EU’s recent decision to release an updated code of practice to help companies better understand the AI Act’s transparency requirements demonstrates the pitfalls that organizations face when trying to comply with rules that many expect to be strictly enforced.
Posted inFinancial Services
U.K. financial regulators pare down rules for senior managers
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.
