All United Kingdom articles – Page 5
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News BriefAvast to pay $16.5M in FTC case over deceptive data selling
The Federal Trade Commission proposed Avast pay $16.5 million and be prohibited from selling any browser data to settle charges the software provider sold consumer information to third parties after promising it would not.
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News BriefBarclays says FCA probe into AML controls closed
Barclays Bank disclosed an investigation by the U.K. Financial Conduct Authority into the bank’s anti-money laundering controls has closed without a penalty.
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Blog
Lloyd’s appoints general counsel
Lloyd’s, a marketplace for insurance and reinsurance, announced Claire Schrader as general counsel, a role she has been performing on an interim basis since August.
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PremiumU.K. labor shortage stakes up following tripled illegal worker fines
Fines for employing people who do not have a legal right to work in the United Kingdom have risen, meaning employers who fail to carry out the required checks or neglect to re-examine the status of those on temporary work visas could face substantial penalties.
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News BriefSFO raids kick off probe into collapsed Signature Group
The U.K. Serious Fraud Office carried out several residential raids as it announced the launch of a criminal investigation into collapsed property investment firm Signature Group.
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PremiumQ&A: ManpowerGroup compliance director on CSRD prep efforts
James Levey, compliance director at global recruitment agency ManpowerGroup, discusses with Compliance Week his focus on preparing the group’s European operations to gather the data required for compliance with the EU’s Corporate Sustainability Reporting Directive.
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PremiumVerifiable data key as companies begin TNFD-aligned disclosures
More than 320 organizations worldwide committed to disclosing their impact on nature following the recommendations of the Taskforce on Nature-Related Financial Disclosures.
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PremiumNew SFO director vows quicker cases, stumps for whistleblower payouts
“Under my leadership, the SFO will be bolder, more pragmatic, more proactive,” said Nick Ephgrave in his first public speech as head of the U.K. Serious Fraud Office.
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Blog
Yorkshire Building Society names new risk chief
U.K.-based financial services provider Yorkshire Building Society appointed Richard Bowles as chief risk officer.
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Blog
TransferGo hires chief compliance officer
U.K.-based money transfer services company TransferGo added Simon McFeely to its executive team as chief compliance officer.
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PremiumU.K. governance code revisions: Boards lead on culture, audit supports
Corporate culture, internal controls, and assurance moved up the boardroom agenda with the publication of the U.K.’s revised corporate governance code and its supporting guidance.
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News BriefFCA fines, bans ex-London Capital & Finance compliance head over promos
The U.K. Financial Conduct Authority issued a fine of £31,800 (U.S. $40,000) against a former compliance director at London Capital & Finance for allegedly approving misleading promotions that led to investor deception.
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PremiumThe blurred lines of employee monitoring under GDPR
The French data regulator’s fine against an Amazon warehouse manager for violating employees’ rights to privacy in the workplace once again raises questions about what constitutes an overzealous approach to employee monitoring and why companies fail to recognize the signs.
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Blog
SNG appoints group general counsel
U.K.-based housing association Sovereign Network Group appointed Kirsten Keegan as its group general counsel.
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Blog
Ware & Kay Solicitors appoints risk, compliance officer
Law firm Ware & Kay Solicitors announced the appointment of James Withers as risk and compliance officer.
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Blog
IFS announces chief sustainability officer
IFS, a global cloud enterprise software company, announced it appointed Sophie Graham as chief sustainability officer.
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News BriefPRA fines HSBC units $73M over deposit protection failures
The Bank of England’s Prudential Regulation Authority penalized two HSBC units £57.4 million (U.S. $73 million) over historic failures in deposit protection identification and notification.
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Blog
CMA announces general counsel
The U.K. Competition and Markets Authority appointed Chris Prevett as permanent general counsel, having undertaken the role on an interim basis since July 2022.
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PremiumConsultation opens debate on proposed U.K. cyber governance code
Cybercrime is regularly cited as a leading concern for executives, yet board oversight of cyber risks is often inadequate and governance poorly understood, according to the authors of a proposed U.K. code of practice on cybersecurity governance.
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PremiumThe pros and cons of generative AI in AML compliance
Generative artificial intelligence providers often promote their technologies as revolutionary tools that can enhance anti-money laundering processes. But the issues and shortcomings associated with the technologies must also be acknowledged.