Address
PO Box 4352Edlesborough
Dunstable
Beds
LU6 9EF
Telephone Number
07507 237218Email Address
secretary@bacfi.org
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//Past Events 2024
[2024] [2023] [2022] [2021] [2020] [2019] [2018] [2017] [2016]
[2015] [2014] [2013] [2012] [2011] [2010] [2009] [2008]
Financial Planning Webinar (13 November)
Warwick Law Fair (22 October)
Pupillage Fair (19 October)
Student Evening (2 October)
Imposter Syndrome Seminar (26 September)
BSB Equality Rules (19 September)
Employed Bar Garden Party (11 June)
FCA Enforcement Webinar
Fraud Prevention Webinar (2 May)
Wine and Cheese (18 April)
Commerciality (17 April)
Gin Tasting (21 February)
Ethics Webinar (23 January)
FCA Enforcement and Insider Dealing
15 May 2024
We were delighted to welcome Francesca Titus, a Partner at McGuireWoods, London to speak to us about the FCA’s enforcement strategy and insider dealing. She outlined how the FCA’s enforcement strategy is currently changing due to new management and that they cover a range of criminal offences.
The Failure to Prevent Fraud regime is not yet in place but is limited to large organisations only. Once in place, companies have 6 months to amend their policies and procedures to align with the requirements.
She gave examples of insider dealing and mentioned that very often it is organised crime groups who are behind such dealings, the proceeds of which go on to fund serious crime. Junior staff are often targeted and paid to disclose inside information. She outlined how businesses can protect themselves by keeping accurate records of training and policy enforcement so if they do experience a problem, they have evidence that they have carried out correct procedures.
She concluded with two examples of recent cases where the FCA have successfully prosecuted the individual concerned. It was noted that it currently takes between 6 and 8 years of investigation due to their complex nature.
Francesca’s slides can be found HERE.
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https://youtu.be/osZponW05RU (click this link to view the recording) |
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