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Related news & insights - Sophie Newman

Recent FCA financial crime enforcement actions
Posted: 09/05/2025
This article discusses the FCA's recent enforcement actions in respect of financial crime failings at Starling Bank and Metro Bank. These actions demonstrate the FCA's heightened scrutiny of firms' financial crime systems and controls, focusing on sanctions (in the case of Starling Bank) and the use of automated transaction monitoring system......>>
FCA updates its Financial Crime Guide
Posted: 09/05/2025
Financial crime remains a top priority for the Financial Conduct Authority (FCA), with a particular focus on sanctions in light of the ongoing geopolitical tensions with Russia. In order to strengthen firms' financial crime systems and controls, the FCA updated its Financial Crime Guide in November 2024, following a consultation. The sections of the......>>
High Court on appeal rejects novel 'retrieval duty' on a recipient bank
Posted: 03/04/2025
On 25 March 2025 the High Court handed down its judgment in the seminal case of Santander UK PLC v CCP Graduate School Ltd [2025] EWHC 667 (KB), which considered whether there is a tortious duty of retrieval on a recipient bank in relation to funds transferred as a result of fraud, when the victim of fraud is not a customer of that bank......>>
When will the English courts refuse enforcement of a foreign judgment?
Posted: 09/12/2024
The English courts generally enforce foreign judgments and only refuse to exercise their power to do so in exceptional circumstances. This article looks at two such circumstances and the approach adopted by the courts to enforcement in recent case law. Foreign judgments can be enforced by the English courts in several ways, depending on the......>>
The impact of finfluencers on Millennial and Gen Z investment preferences
Posted: 26/11/2024
Social media, in recent years, has witnessed a significant rise in ‘finfluencing’ (financial influencing), with many finfluencers amassing followings into the millions as younger consumers increasingly turn to social media for investment information and advice.The hugely extensive public reach of finfluencers was made clear by a 2023 study......>>
‘Finfluencing’: increasing financial literacy or making money misleading people?
Posted: 05/07/2024
Financial influencers – known as ‘finfluencers’ – use social media to share financial and investment-related content. There has been a significant rise in financial influencing on social media over the past few years, with many finfluencers amassing followings into the millions as younger consumers increasingly turn to social media for their investment......>>
The Law Society’s guidance on climate change: reducing or raising the risk of professional negligence claims?
Posted: 01/12/2023
In April 2023, the Law Society issued guidance for its members on incorporating climate change considerations into their practice ‘in a way which is compatible with their professional duties and the administration of justice’......>>
The Ukraine Recovery Conference and the strengthening of the UK sanctions approach against Russia
Posted: 24/11/2023
On 21-22 June, the UK and Ukraine co-hosted the Ukraine Recovery Conference 2023 (URC), bringing together a coalition of thousands of representatives from 59 countries – across government, business and civil society – to commit their support to Ukraine’s recovery. This year’s event followed the 2022 URC, which took place in Switzerland......>>

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