Richard J. Gibbon

Jan 21, 2025 | natlawreview.com | Richard J. Gibbon

In 2024, the Abu Dhabi Global Market (“ADGM”) further enhanced transparency, accountability, and market integrity within the financial freezone by introducing the Whistleblower Protection Regulations 2024 (the “Regulations”).

Jan 16, 2025 | natlawreview.com | Richard J. Gibbon

In 2024, the National Crime Agency (the “NCA”), which is the UK’s lead agency against organized crime; human, weapon and drug trafficking; cybercrime; and economic crime, announced its “groundbreaking” data sharing partnership with seven UK banks, namely Barclays, Lloyds, Metro Bank, NatWest, Santander, Starling Bank, and TSB.[1] This new public-private partnership (“PPP”) was the largest of its kind anywhere in the world and the initial results of the project suggest it is revolutionizing...

Nov 5, 2024 | natlawreview.com | Richard J. Gibbon

On September 27, 2024, the Financial Conduct Authority (“FCA”), which is a financial regulatory body in the UK that regulates firms providing financial services to consumers, fined a UK Challenger Bank (the “Bank”) £29 million due to significant failings in its financial sanctions compliance and anti-money laundering systems and controls.

Jul 19, 2024 | natlawreview.com | Richard J. Gibbon

In this article, we summarize the trends that have emerged from enforcement actions published between 2022 and the present day by the Dubai Financial Services Authority (the “DFSA”). DFSA EnforcementBroadly speaking, the DFSA is responsible for authorizing and registering institutions and individuals wishing to conduct financial services in or from the Dubai International Finance Centre (“DIFC”), Dubai’s special economic zone for financial services.

May 2, 2024 | natlawreview.com | Richard J. Gibbon

In our previous article on this topic (which you can read here), we analyzed recent enforcement activity by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) related to the maritime transport of Russian-origin crude oil and Russian-origin petroleum products above price caps agreed by the “Price Cap Coalition,” comprising Australia, Canada, France, Germany, Italy, Japan, the European Union, the United Kingdom, and the United States.