10/21/2021
Danske Bank has deficiencies in its anti-money laundering work
The investigation identified deficiencies in Danske Bank's work to combat money laundering and terrorist financing.
Legal, Regulation & Compliance
10/21/2021
Carey Olsen confirmed as the leading Channel Islands law firm in Chambers UK rankings
The Chambers UK rankings follow last month's publication of the 2022 edition of The Legal 500 UK, which also saw Carey Olsen lead offshore firms in the Channel Islands with 18 top-tier rankings.
10/21/2021
English law trumps Italian contractual arguments in swaps litigation
The English High Court interpreted the Italian Supreme Court decision as being based on principles of Italian contract law
10/21/2021
UK government commits to regulating for future payments innovation
Financial regulation expert Andrew Barber of Pinsent Masons, the law firm behind Out-Law, said this suggested that the government considered the current voluntary contingent reimbursement model code for APP scams was not providing enough protection for cu
10/21/2021
The Climate Financial Risk Forum publishes second set of guides
A second round of guides to help financial firms manage climate-related financial risk has been published by the Climate Financial Risk Forum (CFRF).
10/21/2021
Anti-Money Laundering Transaction Monitoring in the Markets Sector
An industry perspective
10/21/2021
FCA probes tech giants' compliance with promotion rules
The FCA again told the government that duties on internet companies in the Online Safety Bill should extend to paid-for advertising, as well as user-generated content.
10/21/2021
Latest FCA perimeter report calls for legislative change to protect consumers
In its latest Perimeter Report, the Financial Conduct Authority (FCA) has called for legislative change to address concerns beyond its remit.
10/21/2021
Financial Regulation: Daily Update
The FCA also believes that the Bill should designate content relating to fraud offences as ‘priority’ illegal content and so require monitoring and preventative action by platforms.
10/21/2021
Barclays streamlines compliance with Clausematch
Back in 2014, Clausematch was a smart and promising small company of just six people looking for the right product-market fit.
10/21/2021
Netherlands passes law for more gender equality in leadership positions
The new regulation replaces an earlier ordinance that was based on the 'comply or explain' principle and applied from 2013 to 2020
10/21/2021
Deutsche Bank whistleblower paid record $267m for evidence
“Manipulation of financial benchmarks enriches manipulators at the expense of market participants,” Mr Kovel
10/20/2021
JTC Acquires Perform Due Diligence Services
This acquisition forms part of JTC’s ongoing strategy of continuously developing their well-established fund solutions capability to add true value to the expertise and services offered to clients.
10/20/2021
Norwegian DPA fine Ferde AS for data transfer issues
Through a news report on the Norwegian national broadcaster, NRK, the Norwegian Data Protection Authority learned that Ferde AS transfers data related to vehicles passing through toll collection points to a data processor in China.
10/20/2021
Data sharing: a code of practice
This code will guide practitioners through the practical steps they need to take to share data while protecting people’s privacy. We hope to dispel many of the misunderstandings about data sharing along the way.
10/20/2021
SPACs: what should be included in a Luxembourg prospectus?
This Public Statement has been supplemented by specific guidelines issued by the Luxembourg Stock Exchange (LuxSE) in August 2021.
10/20/2021
FCA launches campaign targeting new investors
The FCA surveyed 1,000 people aged 18 to 40 who invest in high-risk investment products.
10/20/2021
Funds & Investment Management Update- Ireland And Luxembourg- Q3 2021
The Central Bank's approach in relation to cryptoassets will be kept under review
10/20/2021
Financial Regulation: Daily Update
Alongside the campaign launch, the FCA has released the high level findings of a survey it commissioned into the behaviours of younger high-risk investors.
10/19/2021
Financial Regulation : Daily Update
The letters also direct customers to the FCA’s DB pension transfer advice checker to help them decide whether the advice they received was suitable or not.