Those who lost jobs in Carillion deserve answers, GMB says, as execs avoid trial October 17, 2023 Questions circulate around why the Government had invested "substantial" amounts of money into a Carillion trial that was dropped last week.
US regulator slaps KPMG’s Dutch arm with record-breaking fine over exam cheating April 10, 2024 The penalty is the largest fine the PCAOB has ever imposed. The regulator also singled out former head of assurance, Marc Hogeboom, stating that he directly and substantially contributed to the violations.
UK launches review into impact of US sanctions on Huawei June 1, 2020 The government has launched a review into US sanctions on Huawei as speculation mounts that Boris Johnson will reverse his decision on allowing the Chinese firm to help build Britain’s 5G network. The review, which has already begun, will report back to the government in a matter of weeks and will look at export controls [...]
Magnistky Act: Who’s on the Foreign Office’s sanctions list? July 7, 2020 Foreign secretary Dominic Raab yesterday unveiled the first 49 foreign citizens facing sanctions for alleged human rights abuses under the UK’s new Magnitsky Act. The new sanctions include visa bans and asset freezes on individuals from Russia, North Korea, Saudi Arabia and Myanmar who are suspected of “serious” human rights abuses, including murder, torture, massacre [...]
London insurers failed to move aviation mega-lawsuit out of UK court to Russia April 2, 2024 The claimants in this case are some of the world’s largest aircraft lessors including AerCap, Aircastle, Avenue Capital, Carlyle Aviation Partners, FTAI Aviation and Merx Aviation.
VAR causes ‘mayhem’ with football, says rugby boss November 29, 2023 The boss of Premiership rugby club Exeter Chiefs Rob Baxter has said football employing sin bins is like letting the “genie out of the bottle” and says VAR causes “mayhem”. The International Football Association Board (IFAB) has this week backed the introduction of the sending offs as a way of stamping out abhorrent behaviour towards [...]
Incentivising whistleblowing is a no brainer October 10, 2023 Labour yesterday pledged to give financial rewards to whistleblowers who expose stolen assets, sanctions breaches and recover misappropriated funds. “Under the Tories, Britain became the money-laundering capital of the world. With Labour, Britain will be the anti-corruption capital of the world,” David Lammy said announcing the policy pledge. While the policy remains somewhat undeveloped at [...]
‘No evidence’ Endeavour ex-CEO payments were made to terrorist groups, firm says March 27, 2024 Sebastian de Montessus was fired as CEO of Endeavour earlier this year, with the firm's investigation now complete
US sanctions could impact Huawei reliability, says tech minister July 6, 2020 Ongoing US sanctions against Huawei could significantly affect the Chinese tech firm’s reliability as a supplier to other countries, culture secretary Oliver Dowden has said. Measures announced by Washington last month prevent Huawei from working with US companies to source parts for its telecoms equipment, which is installed in the UK’s 5G networks. The UK [...]
Woodford deal could create ‘systemic risk’ by scrapping investor protections, say academics January 17, 2024 A group of academics have warned that the planned £230m compensation for Woodford investors “would be likely to set a dangerous precedent” by scrapping “cornerstone” protections for investors provided by regulators.