In 2023, the FCA brought more charges for fraud offences against individuals than any other year in the regulator’s history, and secured several convictions related to fraudulent investment schemes. Yet while the FCA has signaled that economic crime is on its radar, recent years have been defined by relative inactivity, as the higher burden of proof for criminal convictions has resulted in fewer opened enforcement cases and extended investigations. Still, with new leadership appointments to the market oversight team and a Memorandum of Understanding (MoU) with the UK Serious Fraud Office, individuals will look for the coming year to reveal if the FCA has become a more assertive regulator. In this episode of Connected with Latham, the latest in a 10-part series complementing Latham’s “10 Key Focus Areas for UK-Regulated Financial Services Firms in 2024” report, London partners Rob Moulton and Pamela Reddy discuss why the FCA seems poised to act more collaboratively – and assertively – on enforcement against individuals going forward. They examine the regulator’s recent activity in criminal enforcement, why past investigations have been difficult to close, the potential impact of new leadership, and possible collaborations with other enforcement agencies.
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Episode 79 – Pro Bono: Rewilding the Scottish Highlands Through Forest Restoration
Episode 78 – UK FinReg Focus Areas in 2024: ESG
Episode 76 – UK FinReg Focus Areas in 2024: Regulatory Divergence
Episode 75 – UK FinReg Focus Areas in 2024: Enforcement Against Firms
Episode 74 – UK FinReg Focus Areas in 2024: Conduct and Culture
Episode 73 – UK FinReg Focus Areas in 2024: Artificial Intelligence
Episode 72 – UK FinReg Focus Areas in 2024: The Edinburgh Reforms
Episode 71 – Drug Pricing: A Look Ahead at Trends for 2024
Episode 70 – UK FinReg Focus Areas in 2024: Investment Research
Episode 69 – UK FinReg Focus Areas in 2024: Retail Markets – Direction of Travel
Episode 68 – Drug Pricing: Will Agencies Exercise March-In Rights Based on Drug Price?
Episode 67 – PE Views: The Most Pressing Cybersecurity Considerations For Private Equity
Episode 66 – UK FinReg Focus Areas in 2024: Primary Markets Reform
Episode 65 – PE Views: How Can PE Sponsors Promote Transparency and Successful Fund Raise Amid ESG Scrutiny?
Episode 64 – Energy & Infrastructure: How Can Companies Avoid Greenwashing Allegations and ESG Litigation Risks?
Episode 63 – M&A Views: How Should Deal Teams Navigate a Global Crackdown on Restrictive Covenants?
Episode 62 – Has FDA Meaningfully Changed Its Restrictions on Off-Label Communications?
Episode 61 – Drug Pricing: New OIG Guidance Reaffirms the Seven Elements of an Effective Compliance Program
Episode 60 – PE Views: Is the CMA’s Focus on Roll-Up Transactions Here to Stay?
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