Image: British Banks are bracing for “incredible pressure” in 2015 as they implement new rules to make senior executives personally accountable to regulators. Compliance functions will help lead the creation of the new Senior Managers Regime, complete with certification overload. “Regulators will expect compliance in the spirit of the regulations, ...
U.S. companies with ties to Britain could face criminal charges in the United Kingdom if they fail to prevent a wide range of financial crimes—including fraud and money laundering—under new laws that the government is planning.
Data privacy and corporate transparency will be two of the top European issues on the agenda for compliance executives in 2015. And even if we have to wait another year to see a big corporate enforcement action under the U.K. Bribery Act, there are other reasons to fear Britain’s white-collar ...