03/19/2021
Pensions Regulator issues draft guidance on new criminal powers
What it means for restructuring activity
Legal, Regulation & Compliance
03/19/2021
OneSavings Bank flags £28.6m fraud by corporate customer
OneSavings Bank has delayed its results after discovering potential fraud by one of its corporate customers.
03/19/2021
FCMC fines ABLV Asset Management for breaches of AML/CTPF laws
In deciding on the entering into the administrative agreement and applying the fine, the FCMC noted that ABLV Asset Management, IPAS had acknowledged infringements within the administrative proceedings
03/19/2021
Finma: ZKB and Raiffeisen have improved emergency planning
The watchdog also said it continues to consider the plans of the so called ‘global systemically important banks’ UBS and Credit Suisse feasible.
03/19/2021
Trade-Based Money Laundering: Risk Indicators
The trade-based money laundering: risk indicators supplement this report and will help public and private sector identify possible trade-based money laundering.
03/19/2021
AML: EU blacklisting of Cayman to come next
The EU last year changed the methodology for its list of high-risk third countries that are deemed to have strategic deficiencies in their anti-money laundering and counter-terrorism financing regime.
03/19/2021
Brexit's Impact on UK-Based Charities
In 2018, there were more than 168,000 registered charities in England and Wales.
03/19/2021
Setting up a Company in the Netherlands
Other reasons to set up a company in the Netherlands include the country’s very stable political economy, highly educated workforce, extensive double tax treaties and pragmatic culture.
03/19/2021
When the entrepreneur can return to command: withdrawal from the family agreement
Once the family pact has been signed, the ownership of the shareholdings or the company is transferred to the individuals identified for the continuation of the family business.
03/19/2021
Eleven deals in eleven days for the Cripps corporate team
The transactions took place across London and the South East
03/19/2021
EBA acknowledges adoption by the European Commission of standards on institutions’ public disclosures
They also implement regulatory changes introduced by the Capital Requirements Regulation (CRR2) and align the disclosure framework with international standards.
03/18/2021
Financial Regulation: Daily Update
Speech by CEO at HMT Women in Finance Charter Annual Review
03/18/2021
Is the UK preparing to depart from the GDPR?
In the meantime, in an interview with the Wall Street Journal, EU Justice Commissioner Reynders suggested that a replacement for the EU-US Privacy Shield could take years rather than months.
03/18/2021
How to prevent Money laundering
It is not difficult to understand why implementation of the European Union’s fifth anti-money laundering directive, which despite Brexit came into force in the UK last January, is seen as a crucial tool to crack down on abuse in the market.
03/18/2021
Accountants: Government to break up dominance of Big Four firms
The business of auditing companies' accounts, and ensuring they are a fair reflection of their financial health, is dominated by four accountancy firms: KPMG, Deloitte, PwC and EY.
03/18/2021
Danske Faces Long Road Back as Fine From Probes Seen Hitting $1 Billion
“All the different projects that we are undertaking right now, also relating to our financial crime plan and all this, will take, not many years, but it will take years actually to complete,” Dybvad, who was brought in after the dirty money sc
03/18/2021
Linklaters advises Warbug Pincus and TowerBrook Capital Partners
The banking team was joined by a team from the firm’s Structured Finance Group which was led by partner Reza Taylor and included managing associates Thomas Capon and Xi Chen.
03/18/2021
The £365m money laundering den behind Natwest scandal: It's a century old jewellers... in Bradford
That led regulators to launch criminal proceedings against the bank on Tuesday, in a move that has surprised many in the City.
03/18/2021
UK financial planning firm completes double deal
It plans to expand its ‘services and footprint in London and the south west’
03/17/2021
FCA speech on regulation of wholesale financial markets
The FCA welcoming recommendations to look at aligning prospectus documentation requirements