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Cost of advice to jump as FCA bills rocket

Mr Okusanya said: “Of course, advisers will ultimately pass on the fees to clients, but there’s a limit to that.

BREAKING: Goldman Sachs settles 1MDB scandal with Malaysia for $3.9bn

As reported, the case relates to bond sales that Goldman Sachs arranged and underwrote for 1MDB, from which the US Justice Department alleges $4.5bn was stolen to which the bank said the charges were "misdirected".

Appleby Instructed on Monsoon and Accessorize Administrations, Obtaining Recognition of UK Officeholders

Appleby is the only firm which offers restructuring and insolvency capability across all three Crown Dependencies.

Could ‘game changer’ court ruling see EU scrap Fatca?

Austrian activist’s triumph over Facebook opens door for US expats to continue their legal fights

Malta looks to launch new corporate services provider framework

While no legislation has been enforced with regards to the updated framework, the MFSA has already laid out some of the changes that it wishes to implement.

Tavistock pays out £370k on ‘playboy’ adviser claims

Overall, the group’s revenue jumped 5 per cent to £28.8m in the year to March, while its Ebitda rose by nearly a quarter (24 per cent) to £1.8m.

UK government clarifies anti-money laundering trust registration

White collar crime law expert David Hamilton of Pinsent Masons, the law firm behind Out-Law, said the response would be welcomed by many firms, including insurance and pension providers.

Nearly 12 million Brits targeted by coronavirus fraud

Health insurance scam emails, texts and phone calls most common ploys

ECB leans towards asking banks to halt dividends this year

The supervisors asked banks in March to conserve capital to weather the pandemic by holding off on dividends at least until October.

FCA consultation on delay to ESEF requirements for annual financial reports

The Financial Stability Board (FSB) has published a stocktake (and webpage) of financial authorities’ experience in including climate-related risks in financial stability monitoring.

Europe is about to unveil changes to its financial regulations due to the coronavirus crisis

In this context, the Commission believes that the regulation is preventing much-needed investment into the real economy at a time when the region is reacting to a significant crisis.

UK Corporate Insolvency and Governance Act: Key changes for corporate trustees

Director - Transaction Management at Ocorian, Abigail Holladay and Charlotte Drake and Jayesh Patel of Stephenson Harwood LLP highlight the key implications of the Corporate Insolvency and Governance Act 2020 for corporate trustees.

Appleby Advises IFGL On Friends Provident Acquisition

IFGL is a financial services group headquartered in the Isle of Man.

HM Treasury consultation on economic crime levy

Companies House reform will help the AML-regulated sector carry out their obligations by providing more robust data on corporate entities.

Malta will not publish golden visa names

But those who have been denied citizenship will be revealed

Maitland enhances AML compliance services in Luxembourg

Founded in Luxembourg over 40 years ago, Maitland’s experience within the funds industry combined with its in-depth AML expertise and knowledge of the Luxembourg regulatory landscape continues to attract new clients to its comprehensive solutions.

Top 5 compliance tips for starting a hedge fund in 2020

According to data group HFR, hedge funds were down more than 7% on average amid March’s turmoil.

KPMG set to slash jobs and pension contributions in cost-cutting drive

Earlier this month the Financial Reporting Council told the Big Four accounting firms to separate their units to ensure their audits “do not rely on persistent cross subsidy from the rest of the firm”.

UK government scolded over woeful tax relief knowledge

Just days after Treasury Select Committee announced inquiry into fiscal system

PFS and CII unveil global ESG qualifications

In a bid to meet rising demand in the retail investment sector

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