03/23/2022
The EBA found that most competent authorities in its sample were committed to strengthening their approach to AML/CFT supervision, with almost all growing their AML/CFT teams and expecting to further expand them in the future.
03/22/2022
The Financial Ombudsman Service (FOS) has published a statement confirming an increase to its award limits.
03/22/2022
This has the potential to reduce reliance on intermediaries and, correspondingly, the costs and time taken to process cross-border transactions.
03/22/2022
This means that amongst others, those applying for Portuguese citizenship as descendants of expelled Jews need to present proof of frequent visits to the country or inherited property there.
03/22/2022
If a service provider supplies services that are not typically thought of as outsourcing but are delivered to PRA-regulated customers, those services may still be caught by the PRA’s framework.
03/22/2022
To support firms in their planning processes, we are today providing additional clarity on our intended timetable.
03/21/2022
For complaints referred to the FOS between 1 April 2019 and 31 March 2022 about acts or omissions by firms on or after 1 April 2019
03/21/2022
Isle of Man tax avoidance promoter fined £150,000
HMRC counter avoidance director Mary Aiston said: “We are committed to ensuring everyone pays the tax they legally owe. We will not allow companies to simply ignore their legal duty.
03/21/2022
This report contains the Tax Justice Network’s proposed amendments to improve the EU’s draft Anti-Money Laundering (AML) Package with regard to beneficial ownership registration.
03/21/2022
The Act also amends Commission Delegated Regulation ((EU) 2021/2178) concerning the information to be disclosed by large non-financial and financial undertakings.
03/21/2022
Lloyds breached the order 10 times, also through publishing inaccurate information.
03/20/2022
Sale of stake in Alfa Bank’s owner is said to be delayed
03/20/2022
The central bank found $420 million in deposits and $2.5bn in custody or trust assets “with ultimate beneficial owners from or connected to Russia” in Bahamian financial institutions that are licensed to serve foreign clients.
03/20/2022
The Bank of England (BoE) has renewed its statement of commitment to the foreign exchange (FX) Global Code
03/18/2022
This new provision to allow UWOs to be made against person who don’t actually hold the property is designed to prevent people hiding behind complex corporate structures.
03/18/2022
The report identifies a number of opportunities that lawmakers, regulators and industry may wish to take advantage of.
03/18/2022
This warning comes in the context of growing consumer activity and interest in crypto-assets and the aggressive promotion of those assets and related products to the public, including through social media.
03/18/2022
It said it “will encourage other public sector bodies to do the same”.
03/18/2022
Ensuring that these transactions are settled in a safe and efficient manner is therefore essential for the EU's financial system.
03/18/2022
At the time, the FSCS said all 41 claims levied by former clients of John Dyer, which the FSCS said advised on BSPS pension transfers, were in progress.