News

The following Speech by Debbie Gupta, Director of Life Insurance and Financial Advice Supervision at the FCA, delivered at Money Marketing Interactive Conference 2019, Harrogate addressed the thorny issue of Improving the suitability of financial advice – Fact finding and reporting The full speech is linked below, and the following extract provides some thought leadership […]

Lebanese businessman Ahmad El Husseini has long helped the German arms industry win business in the Middle East. CORRECTIV have now uncovered that he was involved in brokering a large ammunitions package, which shipbuilder ThyssenKrupp purchased from another German defence company, Rheinmetall – except that Mr. El Husseini acted as a middle man with an […]

The Information Commissioner’s Office is warning people of the risks of holding on to sensitive personal data when they change jobs or leave a company. https://ico.org.uk/about-the-ico/news-and-events/news-and-blogs/2019/09/information-commissioner-s-office-issues-warning-about-historical-personal-details-accessed-through-work/ It follows an investigation into the actions of two former Metropolitan Police officers who – having retained their notebooks – subsequently leaked information about a case in the media. Although the […]

Cybersecurity, regulatory change and digitalisation are the top three business risks facing firms today, according to a survey conducted by the Chartered Institute of Internal Auditors. The survey, widely considered to be a barometer of organisations’ risk priorities, canvassed the views of 528 chief internal auditors (CIA) in different sectors across eight European countries.   […]

The following are key thoughts and actions Comsure walked a client through after a recent data breach Report data violations promptly in line with data protection laws and regulatory responsibilities  there should be accountability and data security should be a priority. Implement controls and safeguards to mitigate the risks  for example, by promoting a security […]

There are various reasons why compliance officers fail. Reason my range from personal to professional attributes. Below are 10 reason why compliance officers fail. 1. Pushback from the general counsel. A very entrenched general counsel is likely to have built up a strong reputation within their company as someone who is close with and sympathetic […]

OFAC has listed Iran’s National Development Fund (NDF) and Etemad Tejarate Pars Co. under the newly-enhanced counter-terrorism authority Executive Order (E.O.) 13224 To  read more click here  The sanctions come in response to “Iran’s brazen attack against Saudi Arabia”, and the State Department’s Press Release says that evidence for the attack “points to Iran – […]