How to bullet proof the data gathering and review process in a forensic investigation
FRA Partner, Anant Modi, will be speaking at the FCA Investigations and Enforcement Summit on “Developments in forensic investigations – bullet proofing the data gathering and review process”. Drawing on his 25 years of experience in fraud and regulatory investigations, Anant will discuss different categories of data and how to approach them, potential pitfalls in dealing with evidence, and technological advances in the analysis and review of data.
About the Summit
The Financial Conduct Authority (FCA) has made it clear that increasingly severe penalties and sanctions are not enough to prevent and reduce serious misconduct, and it must increase the likelihood of detection. As a consequence, firms may find themselves subject to an investigation for any suspicion of wrongdoing, even if the outcome clears them of any breach.
The FCA is keen to avoid a “culture of fear,” but the introduction and extension of the Senior Managers and Certification Regime (“SMCR”) imposes personal accountability and liability on a much wider group with significant personal implications for those involved. As a result, much needed guidance and clarity is needed on how you can reduce the likelihood of facing regulatory action and mitigate the impact of it on your organisation and senior managers.
Mark Steward, Director of Enforcement and Market Oversight at the FCA, will address the tools available to you when faced with enforcement action, including the latest focus resolution procedures, allowing you to challenge the severity of the penalty while admitting liability.