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.
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 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.
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.
