London Governance & Compliance Academy
Check out our latest blog posts, news and articles.
Introduction Cybersecurity, crucial in today’s digital landscape, involves safeguarding networks, devices, and data from cyber threats, unauthorized access or harm. As digital reliance grows for activities ranging from banking to ...
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Anti-Money Laundering (AML) refers to a set of laws, regulations and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income. Money laundering is a global issue affecting financial systems ...
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Diversity in the workplace, a multifaceted and increasingly vital aspect of modern professional settings, encapsulates a wide range of characteristics, including but not limited to race, gender, age, sexual orientation, cultural background ...
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Financial fraud is a multifaceted and constantly evolving threat which poses significant challenges to the UK economy, affecting individuals, businesses and public institutions alike. Characterised by deceitful and illegal financial ...
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Introduction Historically, the global approach to Anti-Money Laundering (AML) was predominantly rule-based, where strict compliance and standardised measures dominated strategies. However, as the financial world grew more intricate ...
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The BASEL Accords, a vital framework in global banking regulation, have significantly improved global financial stability. Four key accords have been sequentially introduced. BASEL I, in 1988, established minimum capital requirements to ...
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Our paradigm of work has been dramatically reshaped in recent years, with remote work becoming increasingly prevalent everywhere. For many people, this has been a dream they have reached for, and the greater flexibility it affords was ...
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Developing regulatory frameworks for the fund industry in the European Union and post-Brexit UK has been vital to safeguarding investor interests, ensuring market stability and bolstering the financial markets’ integrity. The EU has ...
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In recent years, the global commitment to ensuring tax compliance has gained momentum, leading to the introduction of various international initiatives. Amongst these is the Organisation for Economic Co-operation and Development’s ...
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Digital Trade The impact of digitalisation on trade is profound, encompassing reduced costs, streamlined global value chains, technology diffusion, and increased global connectivity. However, this transformation has led to complex trade ...
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In simple terms, sustainable finance involves considering environmental, social and governance (ESG) factors in the financial sector’s investment choices, which results in more long-term commitments to green economic endeavours and ...
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The Client Assets Sourcebook (CASS) – Origins and Objectives The CASS was instituted by the Financial Conduct Authority (FCA), and represents a fundamental cornerstone in the regulatory framework of the United Kingdom’s financial ...
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Introduction and Rationale The Common Reporting Standard (CRS), an initiative under the aegis of the Organisation for Economic Co-operation and Development (OECD), emerged from the increasing need to address the widespread issue of tax ...
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What is Customer Due Diligence? Customer Due Diligence (CDD) represents a foundational step for financial institutions in understanding and verifying the identities of their customers or potential customers. Rooted in regulatory ...
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Introduced in 2007, the Markets in Financial Instruments Directive (MiFID) was an instrumental piece of European Union (EU) legislation, with its primary objective to ensure a robust level of investor protection across the entire European ...
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SOUTH AMERICA In South America, the landscape of financial crime is complex, and money laundering constitutes a significant part of this problem. The Global Financial Integrity’s report in 2021 estimated that the illicit ...
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In July 2022, the Financial Conduct Authority (FCA) established the definitive regulations and advice pertaining to a fresh Consumer Duty, designed to instate elevated and more distinct standards of consumer protection across the sphere of ...
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ASIA In Asia, financial crime continues to be a pervasive concern, with money laundering being particularly problematic. The UN Office on Drugs and Crime (UNODC) estimated that the annual amount of money laundered globally is ...
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Introduction Insider dealing and market manipulation are two prominent, yet unethical practices in financial markets. Insider dealing refers to the trading of a public company’s stock or other securities by individuals with potential ...
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What is The Sustainable Finance Disclosure Regulation? SFDR represents a key pivot in the realm of financial transparency. Implemented by the European Union in March 2021, SFDR is a part of a broader action plan to integrate environmental, ...
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Introduced in the UK from 2016 by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the Senior Managers and Certification Regime (SM&CR) is a regulatory framework designed to enhance the accountability ...
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Is an Anti-Bribery and Corruption (ABC) Policy Needed? The UK Bribery Act 2010 stipulates an offence of failing to prevent bribery, thereby necessitating organisations to establish robust anti-corruption procedures. The failure to do so can ...
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Self-paced, online training and learning is a form of education or skill development where the learner utilises digital resources, often via the internet, to gain knowledge or acquire skills at their own chosen speed and at their chosen ...
read moreIn essence, corruption is a broad term for misconduct in the workplace and the business. There are many types of corruption in business, and bribery is a form of corruption. This means bribery will always be corruption, but not all forms of ...
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A conflict of interest arises when an individual’s personal interests interfere, or have the potential to interfere, with their professional duties and responsibilities. In essence, it occurs when a personal gain could influence ...
read moreWhat is market abuse? Market abuse, a term encompassing a variety of detrimental financial activities such as insider dealing, manipulation of trading and misinformation, threatens the very integrity and efficient functioning of financial ...
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Whistleblowing is a vital process that helps expose and address misconduct, illegal or unethical practices within organisations. It should be clear to every employee and manager exactly how and why it is important, and its processes should ...
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This unique, comprehensive tool will help companies streamline and automate both their compliance monitoring and training, saving them time, money and the use of additional resources. London, UK – Complyportal and the London Governance and ...
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This article was originally featured on AGRC’s blog. You can find it here: Would You Make an Excellent Chief Compliance Officer (CCO)? The role of a Chief Compliance Officer (CCO) has become increasingly important in today’s complex ...
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The fair treatment of vulnerable customers has become an increasingly important topic in the financial services industry. Vulnerable customers are individuals who may be at a greater risk of harm or disadvantage due to personal ...
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This article was originally featured on AGRC’s blog. You can find it here: Wanted: Compliance Officers – The Association of Governance, Risk and Compliance (AGRC) It is fair to say that new consumer-focused compliance ...
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In a rapidly changing global economy, organisations are constantly faced with unexpected challenges and disruptive events that can jeopardise their ability to function efficiently and effectively. Operational resilience has emerged as a ...
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Financial promotions play an important role in the UK financial sector, allowing businesses to advertise their products and services to potential customers. However, these promotions can also carry a high risk of mis-selling and ...
read moreThe UK’s regulatory framework for financial companies is a complex and ever-evolving set of rules, regulations and laws that govern the financial services industry in the United Kingdom and ensure legal and ethical operation. It is designed ...
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The financial services industry is one of the most heavily regulated industries in the UK. This is because of the amount of money that is involved and the potential for harm to customers if the rules are not followed. As such, it is ...
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In recent years, technology has become an increasingly important tool for organisations which need to ensure compliance with regulations and laws. This is especially true as businesses are required to adhere to an ever wider range of rules, ...
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This article was originally featured on AGRC’s blog. You can find it here: Would You Make an Excellent Chief Compliance Officer (CCO)? The role of a Chief Compliance Officer (CCO) has become increasingly important in today’s complex ...
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The Financial Conduct Authority (FCA) is a UK financial regulatory body that was established in 2013. It is responsible for regulating the conduct of financial services firms and ensuring that they comply with the relevant laws and ...
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Money laundering is a serious crime that has been estimated to cost the UK economy in excess of £24 billion a year. As a result of the continued developments in this arena, the UK has implemented a number of regulations and practices to ...
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