Financial crime update

Financial services 40 minute briefings

November 1, 2017

The partners of the Norton Rose Fulbright LLP financial services team invite you to their latest breakfast briefing.

Our breakfast briefings provide insight, practical knowledge and information, and act as a forum for sharing views and advice.

The briefings are likely to be of particular value to senior and middle management within financial institutions with responsibility for compliance, capital markets, investment management, legal, risk and trading.

Programme

Financial crime and anti-money laundering are a cross-sector priority for the FCA. The UK’s anti-money laundering regime has undergone change to implement the Fourth Money Laundering Directive, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26 June 2017 and the FCA is expected to finalise the relevant changes to its Handbook in July 2017. Financial crime statistics from the ONS also suggest that there were 2.11 million victims of cyber-crime in 2015/2016. Cyber-resilience is not just an information technology issue but an important regulatory issue that should be high on the agenda of every firm. The FCA is looking for firms of all sizes to develop a ‘security culture’, from the board down to every employee. In terms of market abuse, 2017 has seen the FCA use for the first time its powers under section 384 of the Financial Services and Markets Act 2000 to require a listed company to pay compensation for market abuse.

  • Anti-money laundering update
  • Regulation and cyber-security
  • Market abuse 

Accreditation

The briefings count towards SRA continuing competence. There is no charge for attending.

Webcast

The briefings will be recorded via webcast and are available after the briefing.

For further information please email: financial.services@nortonrosefulbright.com

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