The FCA intends on litigating more FINANCIAL CRIME offenders.
24/09/2021
Nikhil Rathi, CEO at the FCA delivered a speech at the Lord Mayor's City Banquet at Mansion House. In doing so he says:
- "We are applying a bolder risk appetite in dealing with serious misconduct, including, as you will have seen, using criminal powers in the most serious cases involving financial crime or money laundering."
His Conclusion
In fact, there are few challenges which don’t require joined-up approaches. Profound forces – the pandemic, Brexit, technological change, the drive to a greener economy, demographic shifts – are transforming financial services and society. Each of these forces present their own challenges and opportunities.
Partner with us to seize the opportunities.
So let me end with a request. Through open, timely dialogue, help us on this journey. Work with us to navigate the challenges. Help us ensure the UK remains a magnet for the best talent with a financial services industry that leads the way on diversity and inclusion. Partner with us to seize the opportunities.
And to help continue to fuel economic recovery, drive innovation that supports markets, and act as a shining beacon of high regulatory standards for financial centres around the world.
Thank you.
Read the speech - https://www.fca.org.uk/news/speeches/seizing-opportunity-challenges-priorities-fca
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.