07/14/2021
Malta could take longer to get off the FATF grey list
Leading financial crime expert warns that Malta faces a 'difficult road ahead'
Legal, Regulation & Compliance
07/14/2021
Business interruption insurance test case – Insurer claims data
The letter also set out our intention to gather information from all affected insurers regularly on the progress of their non-damage BI claims, and to publish some of this data.
07/14/2021
UK banks get green light on dividends
The relaxation of these restrictions is also an acknowledgement that the sector is in pretty solid financial shape and marks an interesting contrast with the European Central Bank which signalled caution on a quick return to big dividends in the Eurozone.
07/14/2021
Latham & Watkins Advises Hellman & Friedman on Investment in Belron
Cross-border team represents leading private equity firm on acquisition valuing Belron at €21 billion.
07/14/2021
Man pleads guilty to forgery in FCA case
The forgery charge relates to events that followed proceedings by the FCA against Renwick Haddow for operating several unauthorised collective investment schemes.
07/14/2021
Driving Meaningful Change in Diversity and Inclusion in the Financial Sector – The Regulators’ Proposals
The discussion paper also focuses on the importance of data and disclosure in order to enable firms, regulators and other stakeholders to monitor progress.
07/14/2021
FCA bans convicted fraudster from carrying out regulated activity
As an approved person Mr Creed was required to report the fact of his disqualification and the fact he was under criminal investigation to the FCA and failed to do so.
07/14/2021
Financial Regulation Daily Update
The report includes metrics covering a range of aspects
07/13/2021
Banks face potential class action over alleged currencies manipulation
London courts consider £1bn lawsuit and another case related to foreign exchange trading
07/13/2021
UK government announces further anti-pension scams plans
The government agreed with the committee that there should be more focus on the issue of ‘secondary scammers’
07/13/2021
UK court backs rights holder in ‘essential’ patent dispute
The law in respect of the doctrine of equivalents is evolving, and the courts have not yet had the opportunity to fully consider if, or how, it applies to the validity of a patent.
07/13/2021
FCA issues warning to banks over financial crime systems and controls
White collar and tax fraud expert Andrew Sackey of Pinsent Masons said the letter reflected the view of the FCA and other law enforcement authorities that private enterprises are the first line of defence against money laundering, and that porous or inade
07/13/2021
Met Police seize record £180m of cryptocurrency in London
The seizure is the largest of its kind in the UK
07/13/2021
Regulator slaps Luxembourg bank with six-figure fine
On-site inspection showed RBC Investor Services Bank in Luxembourg did not comply with anti-money laundering laws, regulator said
07/13/2021
Is a Wave of Bankruptcies About to Hit the Global Banking System?
The pandemic has seen companies take on considerable debt to survive the long and frequent periods of lockdown that often led to dramatic slowdowns in sales.
07/13/2021
Bank of England removes restrictions on bank dividends and share buybacks
Fed has already scrapped its payout limits, while ECB plans to do so in October
07/13/2021
Carey Olsen a finalist for The Drawdown Awards 2021
The awards are scheduled to take place on Thursday 23 September at the De Vere Grand Connaught Rooms in London.
07/13/2021
Stephen Allen pleads guilty to forgery in case brought by FCA
Among other assets, Haddow had an interest in a property -13 Brook Mews - which should have been available to the FCA to fulfil this restitution order.
07/12/2021
Digital nomads: working inside the UK
If a business has permanent establishment in the UK, this will not just affect the corporate tax position but could also give rise to other compliance obligations.
07/12/2021
Central Bank of Ireland updates AML/CFT Guidelines for Financial Sector
The Updated Guidelines list a number of steps that the Board should take in order to meet the necessary standard of governance and oversight.