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Summer has arrived and Powerchex is now part of the HireRight family. We are very excited about the future and we believe that the acquisition of Powerchex by HireRight will bring great benefits to our clients and our employees. We will keep you up to date on any developments, but you can rest assured that we will continue to offer you the great service you have experienced so far, from the same location and with the same team.
Some welcome news this month, as the new government is having a rethink on the vetting and barring scheme with a view of introducing measures that are more proportional to the risks involved.
The summer also brought us a new budget, as well as some far reaching news on the future of regulation in our country. In this month's main article, Steve Wyndham, Associate in the Regulatory Group of City law firm Reynolds Porter Chamberlain LLP and Ting Low, who is a trainee solicitor at the same firm, have put their heads together to take a stab at what the changes will mean to you and to our industry.
Patrick Healy, our globetrotting risk guru, has now reached the US, and is reporting from there on the risks of bringing toothpaste on board!
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Staff vetting an extra string to your bow to combat bribery and corruption
By Steve Wyndham, Associate, Reynolds Porter Chamberlain LLP and Ting Low, Trainee Solicitor, Reynolds Porter Chamberlain LLP
In recent years, UK regulators and law enforcement agencies have taken a tougher approach to the supervision and oversight of regulated firms and listed business. As financial markets hardened, there are greater risks of businesses and employees being persuaded to commit acts of bribery in order to meet sales targets, win tenders and new business.
New Bribery laws have empowered the Serious Fraud Office (SFO) to tackle criminal acts of bribery and corruption, and not wishing to be left out the Financial Services Authority (FSA) the city regulator is actively pursing regulated firms for failures to implement robust anti-bribery systems and controls. In light of the Chancellor of the Exchequer's Mansion House speech, a possible merger between the SFO and the FSA, perhaps with elements from the Office of Fair Trading, Revenue & Customs and the Fraud Prosecution Service, to form an Economic Crime Agency could see bribery and corruption being tackled from many angles by one agency... Read this article in full |
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Conferences & Events |
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TRAINING & COMPETENCE CONFERENCE 2010
Staying Ahead of the Shifting T&C Landscape
Chartered Institute for Securities & Investment, London, 7th July 2010
FSA Risk Management Symposium
FSA, London, 13th July 2010,
Training, Competence & Managing Expertise in a Regulated Environment
Chartered Institute for Securities & Investment, London, 28th September 2010
The Human Resources Forum
Savoy Place, London, 2nd November 2010
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Alternative Strategies - A year away from the City
