Great Britain's newly formed financial sanctions unit that is part of HM Treasury has its first supervisor, Rena Lalgie, who joins the agency in conjunction with a push by the U.K. to enforce a tougher financial sanctions regime.
U.K. banks are engaging in discussions with institutions in Iran in conjunction with the British government's efforts to renew trade with the country, according to a government official.
British lawmakers raised doubts Tuesday about plans to hand a national law enforcement agency jurisdiction over counterterrorism cases amid reports that it had mismanaged the country's database of suspicious activity reports.
Facing staunch criticism for its oversight of Britain's insurance sector, the United Kingdom's top financial regulator will restructure itself less than two years after its launch, the agency disclosed Monday.
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