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TheCityUK has published its annual report setting out key facts about the UK as an international financial centre, which it says confirms the UK as the world’s leading net exporter of financial services. 
Santander UK has been fined £107m for ‘serious and persistent’ gaps in its anti-money laundering (AML) controls on business banking customers.
The requirement to ring-fence retail banking from investment activities, which was introduced following the 2008 financial crash, is to be abolished.
The UK is the ‘leading Western centre for Islamic finance’, according to a TheCityUK report, ‘Islamic finance: global trends and the UK market 2022’, published last week. 
The Home Office has reported that the Security Minister, Tom Tugendhat, has chaired a session of the Joint Fraud Taskforce, a partnership between the government, law enforcement and the private sector. 
You are the victim of fraud—how likely are you to succeed in a claim against your fraudster’s bank? In this week’s NLJ, David McIlroy, barrister at Forum Chambers, and Jon Felce, partner, and Rosie Wild, senior associate, at Cooke, Young & Keidan, address this question.

What is asset tokenization? In this week’s NLJ, Michael Patchett-Joyce continues a series of cyber articles by 36 Commercial. 

What is the likelihood of success in claims against a fraudster’s bank? David McIlroy, Jon Felce & Rosie Wild explain why financial institutions should not rest easy when it comes to fraud claims
What is tokenization & why it is becoming important today? Michael Patchett-Joyce of 36 Commercial provides a rundown of the expanding asset token economy
The Equity Release Council has launched a Legal Forum which advocates the role of legal advice that supports customers in the later life lending sector. 
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MOVERS & SHAKERS

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

A good book, a glass of chilled Albarino, and being creative for pleasure help Liz McGrath balance the rigours of complex bundles and being Head of Chambers

Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn

Partner appointment in firm’s equity capital markets team

NEWS

Walkers and runners will take in some of London’s finest views at the 16th annual charity event

Law school partners with charity to give free assistance to litigants in need

Could the Labour government usher in a new era for digital assets, ask Keith Oliver, head of international, and Amalia Neenan FitzGerald, associate, Peters & Peters, in this week’s NLJ

An extra bit is being added to case citations to show the pecking order of the judges concerned. Former district judge Stephen Gold has the details, in his ‘Civil way’ column in this week’s NLJ

The Labour government’s position on alternative dispute resolution (ADR) is not yet clear

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