Navigating tariffs and sanctions is becoming a core part of compliance for many companies. As the U.S. and others use economic policies for political aims, compliance teams must adapt to this new geoeconomic trend.
Ruth Prickett
Ruth Prickett graduated from Cambridge University with a BA hons in History and has specialized in business and finance journalism for the past 20 years. She was editor of Financial Management, the magazine for the Chartered Institute of Management Accountants, for many years before relaunching and editing Audit & Risk magazine for the Chartered IIA. She has written for a wide range of specialist business titles and drafted white papers and reports for clients including HSBC and Vodafone.
Posted inRegulatory Enforcement
Fraud, money laundering, and sanctions prompt global regulators to increase scrutiny of law firms
Legal firms face growing global regulatory pressure, requiring compliance managers to focus on integrated systems, identity verification, and staff training to prevent crime and penalties.
Posted inRegulatory Enforcement
Crackdown on late payments could lead to U.K. companies facing million-pound fines
Late payers will soon face much larger fines in the U.K. in what is promised to be the “toughest crackdown on late payments in a generation.” The scheme is intended to save the 38 businesses a day that go bust because of poor payment practices.
Posted inSanctions
Sanctions, tariffs, customs and sustainability create global headache for compliance in the $7.9T logistics sector
The global logistics and transport sector is vast and constantly growing – as is the host of regulations that apply to it. Compliance managers must consider everything from planning regulations to employment law and health and safety, to import duties and customs rules, and global sanctions.
Posted inEthics & Culture
Compliance teams urged to prepare as U.K. Employment Rights Bill nears passage
The U.K. Employment Rights Bill is expected to pass into law this year and will affect millions of workers. Compliance managers are advised to hone their understanding of HR and equality issues in preparation.
Posted inRegulatory Policy
U.K. shake up of immigration rules for skilled worker visas should prompt compliance review
As of July 22, U.K. companies hiring foreign nationals on skilled worker visas face higher salary and qualification requirements. Over 100 jobs were also removed from the list of roles eligible for overseas recruitment. Compliance managers should ensure policies are updated to reflect the changes.
Posted inRegulatory Policy
Compliance managers should review sustainability data as U.K. consults on new reporting standards
The U.K. government promised to introduce Sustainability Reporting Standards in its manifesto. Almost a year after it came to power, it launched a consultation on June 25 on draft plans for these standards, which are largely based on those of the ISSB.
Posted inTechnology
U.K. data law tightens compliance rules, expands complaints process and raises penalties
The U.K.’s Data (Use and Access) Bill, passed into law on June 19, aims to boost the economy and simplify access to services like healthcare and policing. Businesses must understand the changes and ensure data policies and complaints procedures are current.
Posted inRegulatory Enforcement
U.K. extends bullying and harassment rules to 37,000 financial services firms
Serious bullying and harassment count as misconduct in regulated financial services firms, per a July 1 clarification by the U.K. Financial Conduct Authority, which said non-financial misconduct rules now applied only to banks will extend to 37,000 more firms starting September 1, 2026.
Posted inFinancial Services
U.K. updates pension and asset manager rules, but internal auditors flag governance gaps
Will “taking an axe to” red tape and onerous reporting commitments free up trillions invested in U.K. pensions and increase the value of assets managed by regulated financial services firms?
