The U.K. Financial Services Authority on Wednesday announced an arrest in its insider trading probe as French securities firm Exane confirmed one of its employees was among those questioned. Andrew Melrose, chief executive of the U.K. arm of Exane, said that Clive Roberts, a senior employee with the firm, had been questioned and that Roberts […]

Major corruption loopholes are jeopardising Egypt’s attempts to combat the problem despite the existence of a broad range of anti-corruption laws and regulations, according to a new report released today by Transparency International (TI). http://www.transparency.org/news_room/latest_news/press_releases/2010/2010_03_20_nis_egypt_english

The Financial Services Authority (FSA) published a consultation paper on effective corporate governance earlier this year. The paper reinforces the FSA’s renewed focus on the quality of firms’ governance and sets out proposed changes to the approved persons regime, the FSA’s expectations in relation to non-executive directors (NEDs) and implementing measures in support of Sir […]

Six men, including three senior City professionals, were arrested today following a dawn raid on 16 addresses in the Financial Services Authority’s biggest-ever swoop on insider dealing. Squads from the FSA and the Serious Organised Crime Agency, in their first joint operation, searched 16 sites this morning, including homes and offices in London, the South […]

Innospec Limited appeared at Southwark Crown Court today and pleaded guilty to bribing employees of Pertamina (an Indonesian state owned refinery) and other Government Officials in Indonesia in order to secure sales of a fuel additive, TEL. Lord Justice Thomas has reserved his sentencing remarks. However in open Court he stated that there would be […]

On the 18th March, 2010 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated 15 individuals and eight companies as Specially Designated Narcotics Traffickers for their ties to Colombian narcotics trafficker Daniel Rendon Herrera (a.k.a. “Don Mario”). http://www.treas.gov/press/releases/tg595.htm The action, pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), […]

The purpose of the 2009 Powerchex Survey was to reveal trends in candidates’ attempts to deceive potential employers in the financial sector by lying or embellishing the truth on their CVs and job applications. The survey took into account 4,735 applications for jobs in the financial sector made between June 2008 and May 2009. These […]

HM Treasury has launched a public consultation on the Terrorist Asset-Freezing Bill (the draft Bill), which was published in draft on 5 February 2010. The draft Bill will implement the asset-freezing regime established under UN Security Council Resolution 1373, 28 September 2001 (UNSCR 1373 (2001)), replacing the Terrorist Asset-Freezing (Temporary Provisions) Act (the Act). The […]