In today’s regulatory environment, companies face mounting pressure from law enforcement agencies to maintain robust compliance programs to deter and detect misconduct by employees, third-party vendors and business partners. In the United States, prosecutors have long considered the effectiveness of an entity’s compliance policy to be an important factor informing charging decisions and the negotiation […]

The FCA’s report outlines findings from its thematic review into delegated authority arrangements within the general insurance market, stating that improvements are needed to due diligence and assessing consumer outcomes. The thematic review looked into 12 insurers and 19 associated intermediaries and third party administrators. The focus of the review was on concerns that firms […]

The Financial Action Task Force (FATF) has published an updated best practices paper on targeted financial sanctions relating to terrorism and terrorist financing. FATF recommendation 6 requires countries to implement the targeted financial sanction regimes to comply with the UN Security Council Resolutions (UNSCRs) relating to the prevention and suppression of terrorism and terrorist financing. […]