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U.K. Financial Watchdog Will Keep Sharp Eye on Compliance Lapses

Roberta Holland | January 28, 2015

Firms regulated by the United Kingdom’s Financial Conduct Authority should make sure their ducks are in a row now before the fledgling regulator potentially comes calling, a post in the FCPA Blog warned this week.

In a post written by Caroline Black and Anneka Randhawa, a partner and associate respectively with London law firm Dechert LLP who specialize in regulatory investigations, the authors point to evidence and recent comments from the FCA indicating the regulator will focus this year on financial crimes, including lapses in compliance and bribery controls. They also noted the pre-emptive nature of the FCA in assessing the systems and controls of firms it regulates.

Jamie Symington, director of investigations for the FCA, said during a securities regulation seminar last week in London that the authority will target bribery and other financial crimes, with...

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