07/15/2020
Explain some of the importance of trusts
Trusts are one of the most enduring concepts in common law.
Legal, Regulation & Compliance
07/15/2020
Does the EU’s anti-money laundering strategy ignore the (Russian) elephant in the room?
The list of high-risk countries includes primarily African, Asian and Caribbean nations, which according to the EU “pose significant threats to the financial system of the Union”.
07/15/2020
Court ties dos Santos to ‘fraudulent’ diamond deal as Portugal further freezes out billionaire
An Angolan court says the deal between the country’s diamond company and Isabel dos Santos’ husband was harmful to average Angolans.
07/15/2020
Ogier's Private Wealth team in Guernsey "an obvious choice for high-value trust work"
Chambers interviewees say Gavin is "a very good lawyer" with "a very good reputation" and "well known for being great with clients".
07/15/2020
Temperature measurement at the workplace: The European overview
The ICO advises that any data collected from employees must be necessary and proportionate.
07/15/2020
Proskauer Advises Ares Management in Largest Ever Unitranche Financing
The financing is comprised of a £1.575 billion unitranche loan and a £300 million committed capital expenditures facility.
07/15/2020
Sunak's Solution to LIBOR Transition in 'Tough Legacy' Contracts
Institutions should not rely on the FCA’s powers to solve the issue of LIBOR transition where they can agree replacement reference rates that are commercially acceptable in particular transactions.
07/15/2020
BoE RTGS system and CHAPS Annual Report 2020
We publish our Annual Report for RTGS and CHAPS as an important part of our commitment to transparency and accountability.
07/15/2020
EU Exit: Commission notices to stakeholders
By effects of said transition period, until 31 December 2020
07/15/2020
FCA updates EMIR Breach Notification form
Read our archive of news relating to EMIR dating back to August 2013.
07/14/2020
Coronavirus: FCA tells firms to keep supporting customers
Customers that have not yet had a payment freeze or reduction, or an arranged interest-free overdraft of up to £500 and experience temporary financial difficulty, due to coronavirus, can request such temporary support up until 31 October 2020.
07/14/2020
High Court shuts UK car park investment companies
More than £25m was funnelled into schemes which used ‘misleading sales tactics’ EmailFacebookTwitterLinkedInPrint
07/14/2020
Investment bank hits back at ‘mafia bond’ allegations
Funds that went to the criminal organisation were ‘minimal and insignificant part of total portfolio’
07/14/2020
UK advice firm loses permissions
After failing to pay overdue annual fees and levies
07/14/2020
FCA updated webpage on BI test case
The FCA has published calculation notes for the Financial Services Compensation Scheme (FSCS) final levy for 2020/21.
07/14/2020
58 foreigners bought Maltese passport without presenting birth certificate’
Karol Aquilina says this is testament to ‘fake due diligence’ in place
07/14/2020
Switzerland and Liechtenstein sign protocol of amendment to their double taxation agreement
The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment.
07/14/2020
Saudi company sues Natwest over ‘$5m scam’
It claims that after the payment was made, large amounts were subsequently transferred
07/14/2020
The UK economy is on track for its worst year in three centuries
The pandemic has worsened the baseline against which existing long-term pressures on fiscal sustainability will be felt, and has materially altered our assessment of future fiscal risks.
07/14/2020
SJP puts five funds on ‘watchlist’ after value assessment
UK & General Progressive and UK Growth, both managed by Majedie, had underperformed their benchmarks.