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

Cybersecurity specialist RiverSafe announces expansion plans as revenue...

May 16, 2023

Unveiling Iran’s Hidden Gems: 15 Must-See Attractions That...

September 17, 2024

Bank of England expected to hold interest rates...

March 20, 2025

Gail’s chairman warns labour’s workers’ rights plans may...

November 29, 2024

Rachel Reeves Faces Pressure to Raise Capital Gains...

June 7, 2024

Friends of the Earth lawyers poised to act if...

March 30, 2023

Converge shatters ‘entrepreneur’ myth as it launches 2023...

January 23, 2023

Getting to Know You: Marcia Tiago, Founder of...

March 10, 2023

Treat investing in Cryptocurrency as gambling, MPs say

May 17, 2023

Private sector confidence hits lowest level since 2022...

June 2, 2025

    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

    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,570)
    • Stocks (3,136)
    • 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