UK private markets firms are managing conflicts of interest inconsistently and need to prove they are treating investors fairly, according to a new report from the UK Financial Conduct Authority.
Regulatory Policy
Posted inTop Stories
New Manhattan DA team is aimed at corporate crime
The Manhattan District Attorney’s Office has launched a Corporate Crime and Antitrust Task Force to focus on complex fraud and misconduct investigations.
Posted inTechnology
European regulators warn about prediction markets, showing divergence from the US
Prediction markets may have become a booming industry in the United States, but the EU and UK remain reluctant to embrace them because of the inherent risks of supervising them and the potential harm they could cause consumers.
Posted inRegulatory Policy
EU introduces digital portal for documenting temporary staff transfers within EU states
Companies that transfer staff from one EU member state to work temporarily in another will benefit from a new digital portal designed to simplify official worker declarations and related administration.
Posted inArtificial Intelligence
Hong Kong regulator sets accountability, resilience, trust rules for bank AI
Hong Kong’s banking regulator unveiled an AI framework focused on accountability, resilience and trust as financial institutions accelerate responsible artificial intelligence adoption.
Posted inRegulatory Policy
Compliance takeaways from the SEC’s new examination handbook
The SEC’s new exam handbook spells out what to expect at every stage, from the first call to the deficiency letter. Here’s how to prepare.
Posted inBest Practices
China’s chemical compliance rules reach deeper into manufacturers’ supply chains
China’s chemical compliance landscape is moving into a broader phase. For companies that manufacture, import, distribute, or use chemicals in China, compliance is increasingly about more than substance registration, as recent developments tie registration to hazardous-chemical operations and supply-chain responsibility.
Posted inAML
UAE expands AML/CFT regime with tougher penalties and wider sector reach
The UAE’s new AML/CFT law adds criminal offenses, harsher penalties, and new compliance duties for firms and individuals.
Posted inAML
UK proposes new cross-regulatory, multi-agency approach to clamp down on money laundering
The UK government has published its anti-money laundering and asset recovery strategy, which sets out a multi-agency, cross-regulatory response to money laundering and criminal asset recovery over the next three years.
Posted inWhistleblowers
UK backs SFO proposal to reward whistleblowers to curb economic crimes
The UK has called for feedback on plans to reform its whistleblowing laws so that people who come forward with information that leads to a corporate conviction can be financially rewarded, as in the US.