03/21/2021
The art market in the UK is $12.7 billion (£9.11 billion), it’s the second biggest in the world and is a relatively high risk area for money laundering because it is a market used to operating with anonymity
03/21/2021
The bank was accused of not reporting suspicious transactions or doing so late and not properly screening its customers for suspicious activity.
03/19/2021
FCA Regulation Round-up: March 2021
This issue covers the hot topic of the upcoming launch of the FCA's new fees portal
03/19/2021
Ireland’s Investment Limited Partnership Reform – The Future Looks Bright
The Act is intended to modernise Ireland’s existing legal framework applicable to regulated investment limited partnerships (ILPs) bringing it in line with comparable partnership vehicles available in other leading fund jurisdictions.
03/19/2021
ESMA sees high risk for investors in non-regulated crypto assetstest
The significant rebound of equity markets and the valuation of debt indices which reached pre-pandemic levels, contrast with weak economic fundamentals.
03/19/2021
Pensions Regulator issues draft guidance on new criminal powers
What it means for restructuring activity
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
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
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
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
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
In 2018, there were more than 168,000 registered charities in England and Wales.
03/19/2021
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
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
The transactions took place across London and the South East
03/19/2021
They also implement regulatory changes introduced by the Capital Requirements Regulation (CRR2) and align the disclosure framework with international standards.
03/18/2021
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
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
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.