The United Kingdom has begun its search for individuals to oversee and staff a new office tasked with enforcing the nation's sanctions program, according to an individual with direct knowledge of the matter.
A U.K. regulator on Monday published new draft of rules that would hold top bankers accountable for compliance lapses but said it could amend its plans to presume guilt for bank misconduct.
A U.K. financial regulator Monday outlined plans to expand its oversight of senior bank managers to include high-level non-executives, including chairs of risk and audit committees.
British officials and bankers have reached a breakthrough in recent days in their talks on how to better cooperate in financial crime cases, a top U.K. investigator said Thursday.