Global Relay Intelligence & Practice – All the latest news, insights, and publications from Global Relay.

Welcome to GRIP, Global Relay’s new digital information service on practical compliance and regulatory change.

Please enjoy this free trial of our subscription content service, for a limited time only.

Enforcement

Opinion: Banks should be held accountable when fraud takes place on their watch

October 15, 2024

Cases continue to show why fraud victims must have the right to sue banks to recover their losses.

Martin Kenney | Martin Kenney & Co2 min read
Enforcement

Trading firm dinged for using buzzwords about purported AI capabilities

October 15, 2024

The SEC also accused the pair of lying to investors about Rimar’s assets under management.

Julie DiMauro3 min read
Enforcement

SEC and DOJ charge crypto financial services firms and developers for wash trading

October 15, 2024

Billing themselves as market makers, the alleged fraudsters were in the business of illicit wash trading and promotion.

Alexander Barzacanos2 min read
Regulation

Energy’s rising importance is matched by regulatory scrutiny

October 15, 2024

Government concern about the state of the energy markets has led to new rules, and to action by regulators targeted at the energy and commodity sector.

Alex Viall5 min read

Article

October 11, 2024 13 min read

GRIP Country Guides: Switzerland

A first port of call for firms wishing to do financial services business in Switzerland – covering regulation, compliance and best practice.

ComplianceMore on Compliance

Enforcement

Moog must pay $1.7m to the SEC to settle FCPA case

October 14, 2024

The SEC’s order alleged that Moog violated the recordkeeping and internal accounting controls provisions of the FCPA.

Julie DiMauro2 min read
Enforcement

TD Bank pleads guilty to AML failures, receives record-smashing $3bn+ in penalties, growth cap

October 11, 2024

“By making its services convenient for criminals, TD Bank became one,” said Attorney General Merrick B Garland.

Alexander Barzacanos2 min read
Enforcement

FINRA disciplinary action update 2024/38

October 10, 2024

Disciplinary decisions issued September 28 – October 4, 2024.

Thomas Hyrkiel4 min read
Compliance

You can now listen to The Grip Podcast on Spotify

October 10, 2024

As our popular podcast makes its debut on Spotify, we select some of our favorite episodes from our first year of broadcast.

Martin Cloake1 min read

More on Compliance

DataMore on Data

Data

GRIP Extra 3/24

October 11, 2024

This week FTX customers get some of their money back, Marriott must improve security after data breaches, TikTok is sued and Roblox targeted by short-sellers, while Chinese start-ups are playing catch-up on AI.

GRIP1 min read
Privacy

Norway aims to become the world’s most digitized country

October 9, 2024

A new strategy from the government sets out clear goals for the “digital Norway of the future.”

Martina Lindberg2 min read
Data

GRIP Extra 2/24

October 4, 2024

This week strikes end on the US East Coast; EU tariffs on Chinese EVs; SEC charges in pre-IPO scheme; another sentence connected to Brazil’s Odebrecht and a Singapore graft investigation resulting in charges against tycoon.

GRIP<1 min read
Privacy

Irish DPC fines Meta €91m for password storage failures

October 4, 2024

Meta Ireland stored social media users passwords in ‘plaintext’ without encryption.

Martina Lindberg1 min read

ESG

UK Employment Rights Bill: Key features and concerns

October 11, 2024

The much anticipated UK Employment rights Bill has been published by the government. We take a look at its key features, and some of the concerns around it.

Hameed Shuja3 min read
ESG

CFTC issues final guidance for listing voluntary carbon credit derivatives

October 9, 2024

It is hoped that this Final Guidance will encourage the trading of VCCs and VCC-linked derivatives which in turn will help offset carbon emissions.

Carl E. Kennedy | Katten2 min read
ESG

Podcast: Danesmead ESG’s Daniella Woolf and Harriet O’Brien on the evolving nature of ESG

October 2, 2024

We spoke about sustainability and climate reporting in US, UK and EU; the divisive nature of ESG; and the regulatory compliance burden on firms.

Jean Hurley<1 min read
ESG

What you need to know about the new Task Force on Inequality and Social-Related Financial Disclosures

September 19, 2024

Initiative seeks to develop an international framework.

Corinne Tomsett | Danesmead ESG2 min read

RegulationMore on Regulation

Regulation

Promise to ‘rip up bureaucracy’ by UK PM Starmer raises more questions than answers

October 15, 2024

The British Prime Minister has promised to get rid of bureaucracy that’s holding back investment. We examine why this is a key issue.

Hameed Shuja3 min read
FCA

FCA v BlueCrest Capital Management: Implications for regulated firms

October 14, 2024

Court of Appeal addresses the scope of the FCA’s powers under FSMA to impose redress requirements on firms and the jurisdiction of the Upper Tribunal.

Robert Dedman | CMS, Simon Morris | CMS, Kushal Gandhi | CMS3 min read
FCA

Dear CEO letter: FCA’s expectations for financial advisers and investment intermediaries

October 14, 2024

The FCA wants to work with the industry to ensure consumers receive consistently good outcomes and manage their own finances.

Anita Edwards | Norton Rose Fulbright, Simon Lovegrove | NRF2 min read
Regulation

Civil war in English soccer as governance crisis grows

October 11, 2024

With multiple governance issues being played out in court, the case for independent regulation of the game looks stronger than ever.

Martin Cloake3 min read

More on Regulation

TechnologyMore on Technology

Security

Podcast: Alice Wallbank from Shoosmiths on data privacy and cyber security issues

October 14, 2024

We spoke about: CrowdStrike outage, Ashley Madison data breach, prevalence of cyberattacks, government oversight and regulation.

Jean Hurley<1 min read
Technology

UK and US governments to cooperate more closely on children’s online safety

October 10, 2024

Governments issue first joint statement pledging to go further and faster to protect children.

Martin Cloake<1 min read
Crypto

Crypto.com files suit against SEC after getting Wells Notice

October 9, 2024

In the lawsuit, Crypto.com alleges that the SEC invented the term Crypto Asset Security to expand its jurisdiction over the digital asset industry.

Julie DiMauro2 min read
AI

BharatGen: What do we know about India’s latest AI initiative?

October 9, 2024

The Indian government has launched an initiative to incorporate AI into the lives of citizens and equip government agencies with the technology. We examine the ambitious project.

Hameed Shuja2 min read

More on Technology