INTRODUCTION I “Financial Advisers” I shall deal with only one category of financial adviser and will not attempt to deal with the myriad of individuals that may fall within the title. This paper is limited to those who provide services to ordinary members of the public in relation to investments such as blue chip stocks […]

Executives may make representations during the interview process such as embellishing credentials, omitting prior criminal or regulatory infractions, or providing false circumstances concerning their departure from a prior employer. The challenge for corporate directors and management teams is to avoid potential embarrassment and negligent hiring litigation by properly vetting these candidates prior to making hiring […]

This Is What Happened To 10 Executives Who Lied About Their Resumes –  digg A little fibbing on your resume might not seem like a big deal when you’re applying for a low-ranking position, but you never know where your professional career will end up. And these little lies can come back to threaten you […]

Proposals setting out a fourth European money laundering directive will be introduced early next month, the European Commission said. The Commission said details of the new directive will be introduced in Brussels on February 5, although that date has still to be confirmed. The proposals, which will need to be ratified by the European Parliament […]

Transparency International’s 2012 Corruption Perceptions Index (CPI) 11 Jan 2013 Transparency International’s 2012 CPI was published on 5 December 2012. This is available at here. http://cpi.transparency.org/cpi2012/ There are no particular surprises in the ranking of the 10 most corrupt countries: Click here to view table. http://www.anticorruptionlaw.com/blog.aspx?entry=4505 The 10 least corrupt countries include familiar names also: […]

Investment manager fined — lessons from the Savoy case – 14 Nov 2012 The Financial Services Authority (FSA) has fined Savoy Investment Management Limited £412,000 for failures relating to suitability of advice given to clients and of portfolio decisions made on their behalf. “Know your customer” material was • inadequate and/or out of date, and […]

On 5 February 2013, the European Commission is proposing to issue two proposals for legislation to enhance and update the Third Anti-Money Laundering (AML) Directive and the Fund Transfers Regulation (which implements into EU law the Financial Action Task Force’s recommendation designed to ensure full traceability of transfers of funds). The proposals will be sent […]

SOCA publishes 2012 SARs report 11 Jan 2013 SOCA has published statistics on suspicious activity reports (SARs) received from October 2011 to September 2012. A notable feature was that the number of SARs was significantly greater than the previous year. 18 December 2012 The Suspicious Activity Reports (SARs) Annual Report 2012 is published today. The […]