Law and regulation

Insight / Reinforcing KYC and AML processes

Stephen Baker, senior partner at law firm Baker & Partners explains the importance of Know Your Client (KYC) regulations and how to ensure compliance

Insight / Recruitment agency’s £11k fine over pension failings

A recruitment agency and its managing director have been ordered to pay £10,890 for avoiding their automatic enrolment duties and misleading the Pensions Regulator (TPR) by falsely claiming staff had been put into a workplace pension

Insight / Nissan ex-chief Ghosn has escaped Japan

Ex-Nissan boss Carlos Ghosn, who is facing trial in Japan for alleged financial misconduct, fled the country on a private jet to Lebanon

Insight / Legal updates: January 2020

In this month’s legal updates, Sophie Brookes considers recovering dividend losses from auditors, shareholder consent and the Duomatic principle and shadow director fiduciary duties 

Insight / Ericsson pays $1bn over US corruption charges

Swedish telecoms giant Ericsson is to pay more than $1bn (£760m) to settle bribery charges brought by the Securities and Exchange Commission (SEC) and the US Department of Justice (DOJ), and is required to appoint an independent compliance monitor

Insight / BEIS guidance on the impact of Brexit on company law

If and when the UK leaves the EU, there will be a number of significant changes to accounting rules and company law. Sophie Brookes, partner at Gateley plc, examines the latest BEIS guidance for accountants

Insight / Legal updates: December 2019

In this month’s legal updates, Sophie Brookes, partner at Gateley plc, considers whether a signatory must see a witness sign in Wood and sponsorship rights at Liverpool FC

Insight / How to handle romantic relationships at work

After a number of high profile dismissals over work-based relationships, Beverley Sunderland, managing director of Crossland, examines what steps to take to reduce risks for firms dealing with conflicts of interest, allegations of sexual harassment and claims for unfair dismissal

Insight / Alstom UK subsidiary fined £16m over corruption charges

Alstom Network UK Ltd is to pay a total of £16.4m over corruption charges relating to a contract to supply trams in Tunisia, comprising £15m in fines and £1.4m in costs, following an investigation by the Serious Fraud Office (SFO)

Insight / RSM places interim managers at charities under inquiry

Karen Spears, director, and Steven Law, partner, of RSM Restructuring Advisory have been appointed as interim managers of two charities under investigation by the Charity Commission

Audit / PwC fails to ward off multimillion negligence claim

PwC has failed in a High Court bid to ward off a pending multimillion euro negligence claim against the Big Four firm

Insight / Welsh environmental charity investigated over reporting

The Charity Commission has opened a new statutory inquiry into CWM Harry Land Trust Ltd, an environmental charity whose objects also include the education and rehabilitation of prisoners and ex-offenders, amid concerns about reporting failures

Insight / Essential tips for SMEs to get ready for Brexit

The government is ramping up its advice for companies as Brexit departure date looms with advice on employee status, professional qualification recognition and data requirements

Insight / Charity trustees spent £68K outside its remit

A Charity Commission inquiry has found that trustees of Aid and Peace Trust were responsible for misconduct and mismanagement, after they failed to show how charitable funds were used and acted outside the charity’s stated objects, and the charity has been removed from the register

Insight / Nine million middle aged employees ignorant over pension plans

Survey reveals shocking lack of understanding among mid-lifers over how much they need to retire in comfort or even how much they currently have saved in their pension plans
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