Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
A City law firm urged an appeals court Tuesday to overturn a ruling that it dishonestly assisted a £7 million ($9.5 million) fraud, warning that the decision risks turning negligent legal work into dishonesty.
The U.K. arm of an international genome sequencing company has paid a record £7.4 million ($10 million) for breaching export controls after it admitted to supplying sanctioned goods to Russia, HM Revenue & Customs said Tuesday.
One of Russia's richest men won a fight over disclosure of documents Tuesday, in litigation involving the alleged defrauding and mismanagement of a nickel miner, when a London judge found that Russian law required personal data in disclosed documents to be redacted.
The Financial Conduct Authority has said that it has canceled a financial services company's registration for anti-money laundering purposes after it ignored the regulator's "numerous attempts" to obtain information.
The U.K.'s competition regulator said Tuesday it is exploring whether Ministry of Defense procurement data could help tackle bid-rigging in defense supply chains, as it urged the government to make more procurement data available to tackle suspected cartels.
The Financial Conduct Authority has warned that financial firms have gaps in identifying shared risks and dependencies that could leave the sector exposed to rising geopolitical and defense threats.
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