Regulation

FCA fines Standard Chartered Bank £102.2m for poor AML control

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk…

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BDO considers practice break-up

The UK’s fifth biggest advisory firm is considering splitting its audit business from the rest of its services following an…

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Independent inquiry into London Capital & Finance announced

An independent investigation into events at London Capital & Finance (LC&F) and the circumstances surrounding them has been ordered by…

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SMEs believe MTD will have ‘long-term positive effects’

One in four decision makers working for small and medium-sized enterprises (SMEs) say they believe that Making Tax Digital (MTD)…

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Goldman Sachs International fined £34.3m for reporting failures

Goldman Sachs International (GSI) has been fined £34,344,700 by the Financial Conduct Authority (FCA) for failing to provide accurate and…

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Cost of FRC set to increase

The Financial Reporting Council (FRC) has announced it may increase its budget by 11% to £38.1m, compared to its expected…

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£93m lost to invoice scams in 2018, says Finance UK

Over four in 10 businesses in the UK are unaware of the risks posed by invoice fraud, despite these scams…

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1.1 million businesses yet to register for MTD

Nearly 1.1 million businesses have yet to register for Making Tax Digital (MTD), according to the results of a Freedom…

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HMRC issues demands to firms with clients suspected of tax evasion

HMRC issued 1,414 requests to accountants, lawyers and other professional services firms last year demanding information on clients that it…

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FCA fines UBS £27.6m for transaction reporting failure

Investment banking company UBS has been fined by the Financial Conduct Authority (FCA) for not providing complete and accurate information…

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