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FCA 2020 roundup: Financial services enforcement in a time of Covid

FCA 2020 roundup: Financial services enforcement in a time of Covid

THURSDAY 21 JANUARY 2021, 13.00-14.00

A webinar presented by Red Lion member Rebecca Chalkley and Tim Thomas, Director, Richardson Lissack

2020 was a year in which UK law enforcement activity was greatly diminished by the Global pandemic – and the FCA was no exception. But spread out across the year were a series of enforcement actions which were notable for demonstrating the cautious but more confident extension of the FCA’s remit.

This seminar will look at the following topics:

  • The Commerzbank final notice
  • FCA’s approach in MLR 2017
  • The failed prosecution of Vishynyak (s173 & s177 FSMA)
  • Joint investigations with CoLP and charging individuals with non-FSMA offences

PANELLISTS

Rebecca Chalkley

Rebecca specialises in all areas of financial crime and commercial wrong-doing. Her areas of expertise include Insider Dealing, Bribery & Corruption (international and domestic), legal professional privilege, money laundering and Tax Fraud (direct and indirect), fraudulent trading, financial vehicles and the full spectrum of frauds. She is regularly instructed in matters of complexity and sensitivity, and often with an international dimension.

Rebecca is a recognised specialist in Private Prosecutions and is Standing Counsel to the Insolvency Service

Tim Thomas

Tim Thomas is a financial services enforcement specialist. After ten years specialising in financial crime at the bar defending against FCA, SFO and HMRC , he spent four years in the FCA’s Enforcement & Market Oversight division. In EMO he was a member of retail teams investigating HBOS (senior management), Standard Chartered (AML failings) and Paul Flowers (fitness and propriety) before moving to the Criminal Prosecution Team where he advised on more than twenty five investigations into insider dealing, breach of FSMA and breach of MLR 2017. Tim advises corporate and individual clients in sectors such as gold, mortgage broking and debt recovery. A particular growth area in Tim’s practice is challenging financial institutions following the withdrawal of banking facilities and punitive referral to third parties.