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Anna Machkevitch is due to appear at Westminster Magistrates Court in July on charges that she failed to provide documents in connection with a Serious Fraud Office Investigation. (AP)

SFO Charges Exec's Daughter For Failing To Aid ENRC Probe

British prosecutors on Friday charged the daughter of the former Eurasian Natural Resources Corp. chairman with failing to produce documents in connection with the Serious Fraud Office's long-running corruption investigation into a Kazakh mining giant.

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Top UK Court Won't Hear Bank Mellat's Disclosure Appeal

The U.K.'s Supreme Court has quashed a request by an Iranian bank to reverse a decision requiring it to hand over an underacted customer list as part of its $1.6 billion lawsuit against the British Treasury.

BoE Warns Against Fund Suspensions Amid Woodford Saga

Blocking investors for withdrawing cash from funds to stop the sale of assets could lead to an “economic earthquake,” a senior regulator has warned, as the saga surrounding Neil Woodford's suspended fund rumbles on.

Equity Fund Suspension Leads FCA To Rethink Illiquid Assets

The deterioration of an equity fund run by one of Britain’s most high-profile stock pickers has prompted the Financial Conduct Authority to consider reviewing how investments in illiquid assets are regulated amid criticism that the financial watchdog failed to react to the unfolding crisis.

Cancer Center Must Repay Dutch PE Fund €4M After Default

A London judge on Friday said a Cyprus-based cancer treatment center owes a Dutch private equity fund in excess of €4 million ($4.5 million) lent to expand the business, saying the center can't withhold repayment over differences in its direction. 

EU Adopts Blocwide Pension, Investment Fund Rules

European Union governments said Friday that they have given the green light to rules aimed at making it easier for asset managers to sell funds to investors across Europe, as well as a separate regulation creating a blocwide pensions regime helping savers that move between member states.

UK Signs US Extradition Request For Julian Assange

U.K. Home Secretary Sajid Javid has rubber-stamped a request to extradite WikiLeaks founder Julian Assange to the U.S. ahead of a hearing at Westminster Magistrates’ Court on Friday.

FCA Defends Inaction On Controversial RBS Turnaround Unit

Britain’s financial watchdog has defended its decision not to act against senior managers at Royal Bank of Scotland over the activities of its discredited restructuring group, saying Thursday it had found no evidence that staff had been “dishonest or lacking in integrity."

Insurers Pool Fraudster Info To Fight £2B Fraud Cost

Some of the largest insurers in the U.K. market, including Allianz, AXA and RSA, said on Thursday that they have started pooling information on suspected fraudsters to help them avoid scams, and chip away at the £2 billion ($2.5 billion) annual cost of fraud.

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Corporate Crime & Compliance