Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

British companies are failing to keep up with financial criminals

by November 4, 2022
November 4, 2022
British companies are failing to keep up with financial criminals

In-house lawyers working in major British companies are becoming increasingly concerned that the firms they work for are failing to keep up with the methods being used by criminals to carry out financial crime.

More than two-thirds of in-house lawyers surveyed by law firm Ashurst said they have concerns about their companies’ abilities to keep on top of the ways financial crime is evolving.

Meanwhile, 88 per cent of in-house lawyers polled said they are concerned their company will experience some form of financial crime over the coming year.

Lawyers polled said they anticipate their companies will face new threats, such as cybercrime, but warned they are often unable to prevent those threats or plan ways in which their firm’s will respond.

The situation is made worse by the mounting pressures in-house lawyers currently face, with more than a third of those lawyers polled admitting heavy workloads had seen them fall behind.

They warned new laws, making top-level executives more accountable, have seen increased pressure placed on in-house legal teams.

These pressures were further intensified by the regulatory challenges posed by Brexit and the wider economic uncertainty facing the UK and the rest of the world, the in-house lawyers said.

Ashurst Risk Advisory partner Nisha Sanghani said: “The research findings highlight the pressing need for c-suite executives to engage with their in-house legal team.”

The partner at Ashurst’s consultancy business said “truly effective risk management” acts to “manage current risks” while also “pre-empting and preparing for future ones.”

Read more:
British companies are failing to keep up with financial criminals

0
FacebookTwitterGoogle +Pinterest
previous post
Republican Don Bolduc EXPANDS His Lead In New Hampshire Senate Race
next post
Businesses scrambling to hire staff in heated job market despite recession picking up

You may also like

British butchers see sales boost as plant-based alternatives...

July 4, 2023

Side hustle entrepreneurs earn more than £22,000 a...

May 23, 2023

Coffee prices reach new heights as weather woes...

December 11, 2024

Santander UK Chief Voices Concerns Over Investing in...

March 21, 2024

E-scooters legislation delays criticised by safety campaigners

November 8, 2023

CV Wallet raises $1.1 million in angel investment

April 25, 2023

Economists forecast another 0.5-point rate rise next month

August 16, 2022

Rolletto’s Top Slots You Need to Try Right...

April 3, 2025

Get on a billion wish lists this holiday...

December 7, 2022

Petrol prices rise for fourth month in a...

October 4, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Harmony Squad: Supreme Court Issues Six Unanimous Decisions

      June 5, 2025
    • Quick Login to AmourFactory: A Beginner’s Guide

      June 5, 2025
    • Disabling Trump’s “Tariff Button”

      June 5, 2025
    • ‘Sick puppy’ Tim Walz should never have been on Dems’ 2024 ticket, Trump says

      June 5, 2025
    • Federal judge orders Trump to restore funding to Clinton-era agency gutted by DOGE

      June 5, 2025
    • Musk says Trump would have lost 2024 election without him as ‘Big Beautiful Bill’ feud continues

      June 5, 2025

    Categories

    • Business (8,149)
    • Investing (2,011)
    • Politics (15,535)
    • Stocks (3,128)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved