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Financial Times - August 16

The following are the top stories in the Financial Times. Reuters has not confirmed these stories and does not vouch for their accuracy.

Headlines

- United States alleviates tech curbs to enhance Aukus security pact with UK and Australia

- 6 UK train operators wrongfully prosecuted travelers for fare evasion

- Baker Tilly system lands FCA's very first auditor censure

- Former Credit Suisse risk chief Lara Warner signs up with regulative advisor Starling Trust

Summary

- The U.S. State Department informed the U.S. Congress on Thursday that Australia, Britain and the United States now have similar export-control routines, a considerable action required to assist in innovation sharing and allow the trilateral AUKUS defense pact to continue.

- Six of the Britain's railway operators have been determined as having unlawfully prosecuted passengers for fare evasion, as a judge ruled that as much as 75,000 convictions were invalid.

- An unit of accounting and business providers Baker Tilly International has actually landed the first censure of an auditor by the UK's financial regulator after it allegedly stopped working to effectively prepare customer asset reports.

- Lara Warner, the previous Credit Suisse threat and compliance chief who departed in the wake of twin crises at Greensill Capital and Archegos Capital Management, has joined regulative advisory group The Starling Trust.

(source: Reuters)