Crypto businesses preparing for the FCA’s new regulatory regime will need to demonstrate that their systems and controls can respond to increasingly sophisticated AI-enabled fraud and financial crime. Caroline Black, Partner at Gherson, commented to Law360: AI has fundamentally raised the bar on ‘adequate systems and controls’. What was acceptable two years ago may now … Continued
Governance obligations, conflicts of interest, and managing reputational risk When serious criminal allegations are made against a company (such as fraud, bribery or money laundering), the board of directors is thrust into one of the most demanding situations it will face. The board’s response must balance legal obligations, governance best practice, stakeholder expectations, and reputational … Continued
When cooperation pays off and when it does not Voluntary cooperation with enforcement authorities, including the critical decision to self-report, is one of the most consequential strategic decisions an organisation will make during an investigation. The UK statutory framework actively incentivises cooperation: the Financial Conduct Authority, the Serious Fraud Office, and the Competition and Markets … Continued
Planning a UK family visit, business trip or another type of short stay? The Home Office will look beyond a single document – it will assess whether you are a genuine visitor, intend to leave, can fund the trip and have given a consistent account of your circumstances. A negative assessment may result in a … Continued
How to safeguard legally privileged material and the mistakes that put it at risk Legal professional privilege is the most powerful shield available to organisations facing regulator or enforcement action. It protects confidential communications between lawyer and client from compulsory disclosure to regulators, prosecutors, and opposing parties. Yet privilege is also fragile. It can be … Continued
If you hold a UK visa, indefinite leave to remain or British citizenship, what should you know about a UKVI status review? In this video, Lisa Uttley, explains what a UKVI status review involves, what can trigger one, how you may become aware that you are subject to a review, and what steps you … Continued
Gherson Solicitors continues partnership expansion Leading London-based independent law firm Gherson Solicitors LLP (Gherson) is pleased to announce the promotions of Caroline Black and Alfred Gherson to the partnership. A recognised leader in business crime and corporate investigations, Caroline Black acts as an advisor to companies and high-net-worth individuals involved in some of the world’s … Continued
UK crypto authorisation gateway now open: what your business needs to do If you run a cryptoasset business in the UK, today is a date you should have already circled. The FCA’s application window for firms wishing to rely on the savings provisions under the UK’s new cryptoasset authorisation regime has opened, and how your … Continued