the following well presented commentary was taken from the RiskMinds 2009 Risk Managers’ Survey. ….It is a truism to say that the better the internal checks and balances in risk management, compliance, internal audit and non-executive oversight (what might be called “the internal regulatory system”), the less additional supervision and enforcement is required by the […]

the following well presented commentary was taken from the RiskMinds 2009 Risk Managers’ Survey. ….It is a truism to say that the better the internal checks and balances in risk management, compliance, internal audit and non-executive oversight (what might be called “the internal regulatory system”), the less additional supervision and enforcement is required by the […]

The Guernsey Financial Services Commission (“the Commission”) has received certain representations concerning the Licensees (Conduct of Business) Rules, 2009 that have led it to conclude that the following Guidance Note should be issued to bring clarification. Some of these issues were mentioned in the Commission’s presentation to industry on 17 December 2009. The paper formalises […]

A white paper has been produced that examines the psychopathology of the white-collar criminal acting as a corporate leader. It looks at the impact of a leader’s behaviour on other employees and the organisational culture developed during his or her reign. the authors propose a 12-step process to explain how an organisation can move from […]

Treasury Targets Financier of al Qai’da in Iraq, Islamic Jihad Union Member – The U.S. Department of the Treasury today targeted the financial and support networks of al Qai’da in Iraq (AQI), al-Qai’da and Islamic Jihad Union (IJU) by designating two Europe-based individuals for providing support to terrorists or acts of terrorism under Executive Order […]

The Financial Services Authority (“FSA”) has had, to date (and with no sign of abating), a busy year. It has secured a number of high-profile prosecutions, most recently of a former Cazenove partner; it has banned traders for mis-marking positions to the detriment of employers and investors; it has fined domestic and foreign nationals for […]

The FSA has charged seven people with insider dealing offences under the Criminal Justice Act 1993. The charges relate to an alleged conspiracy to deal on inside information obtained by the defendants from two major investment banks and involve alleged unlawful profits of about £2.5 million. A warrant has been issued for the arrest of […]

You do not just draw a line under the matter and move on. The SAR can have a variety of consequences, and your business needs to consider them and decide how to manage the client relationship from now on. Some key tips Do not do anything that might tip off the client that a SAR […]