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House of Lords urges the FCA to drop its controversial ‘name and shame’ proposal, warning it could unfairly harm firms’ reputations and undermine public trust by publicising unproven investigations

by AdrianaAMLP | Feb 6, 2025

This report strongly criticises the FCA’s proposed policy shift on publicizing enforcement investigations, highlighting concerns over reputational damage, lack of stakeholder engagement, and potential misalignment with the UK’s competitiveness goals…...

UK House of Lords select committee calls for introduction of mandatory human rights due diligence

by Jyotsna Bucktowar | Nov 7, 2024

The committee emphasizes that businesses must be legally required to conduct thorough checks on their operations and supply chains to identify and address any potential human rights violations, including forced labor and exploitation. This recommendation highlights...

UK House of Lords and House of Commons debates the efficacy and circumvention of sanctions on Russia

by Jyotsna Bucktowar | May 23, 2024

The key points include: the UK Foreign Secretary Lord Cameron will raise the issue of the “shadow fleet” and circumvention of the oil price cap at the European Political Community meeting in July 2024; the G7’s “lead idea” re seizure of Russian assets is transferring...

UK House of Lords debates Russia sanctions, seizure and secondary sanctions

by Jyotsna Bucktowar | May 5, 2024

The UK House of Lords debated the potential review of sanctions against Russian individuals in light of President Putin’s re-election and the continuing war in Ukraine.  The House of Lords considered inter alia evidence that most Russian exports exceed the price cap,...

Recent Posts

  • UK’s 2025 Anti‑Corruption Strategy, hailed by the Deputy PM as vital for national security and public trust, launches 123 commitments, stronger enforcement, and new institutions to fight corruption
  • UK Dept for Business and Trade issues draft guidance clarifying how to identify individuals with significant influence or control for Companies House’s PSC register, strengthening corporate transparency
  • FATF’s Mutual Evaluation of Belgium Report finds that despite a strong legal AML/CFT framework, gaps in virtual asset oversight, BO checks, sanctions, and enforcement have led to enhanced follow-up
  • EBA-ECB’s Payment Fraud Report 2025 reveals that while SCA has reduced card fraud, overall fraud losses rose from €3.5B in 2023 to €4.2B in 2024 as criminals adapt to exploit new payment channels
  • White House announces new Division for National Fraud Enforcement within the DoJ to crack down on widespread fraud against Govt programs, businesses, non-profits, and citizens nationwide

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