06/02/2020
The FCA said the companies used social media to entice consumers into scams involving CFDs and in some cases customers were encouraged to take out credit to make payments and pressured into making increasingly large investments.
06/02/2020
The Ogier team was led by partner Richard Daggett, assisted by managing associate Alexander Curry and associate Alex Fisher.
06/02/2020
The Royal Court of Guernsey has recently considered the principles that apply to the creation of privileged documents when advice is obtained by trustees of a trust.
06/02/2020
The business has set target revenues of £350,000 per financial planner per annum, excluding investment management fees, as it looks to move the division into profitability.
06/02/2020
The taxman said it would hold directors "jointly and severally" liable for a penalty on the assumption "each partner is taken to know anything that any of the other partners knows".
06/02/2020
Complaints Commissioner Antony Townsend also criticised the FCA for failing to signpost the Financial Ombudsman Service or Financial Services Compensation Scheme in relation to the lost pension fund.
06/02/2020
FCA exercises power to remove passporting rights from Cypriot firms that used unauthorised celebrity endorsements
06/02/2020
Including where applications have not yet been submitted to product providers
06/02/2020
A right to obtain an interlocutory injunction is not a cause of action.
06/02/2020
HMRC currently has over 200 active task forces focusing on sectors of the market where its intelligence suggests tax evasion and tax avoidance need addressing
06/01/2020
Bonnie Glaser, Director, China power project at the Centre for Strategic and International Studies, said: “Ultimately we could see capital flight. We could see US businesses moving out of Hong Kong, expats leaving, and the end to Hong Kong as an int
06/01/2020
SCB agreed to settle OFAC’s claim for $132m regarding 911 transactions worth around $133m to or through the United States in violation of Iranian Transactions and Sanctions Regulations (ITSR).
06/01/2020
The client first contacted FTAdviser four days after she was the victim of a sophisticated APP scam.
06/01/2020
The U.K. government’s asset seizure program under the Dormant Bank and Building Society Accounts Act 2008 began in 2011.
06/01/2020
These proved hard enough to sell during the bull market of 2019 but could be almost impossible to offload now, with the UK heading towards what could be its deepest recession in living memory thanks to the global pandemic.
06/01/2020
Working alongside onshore counsel Allen & Overy, the cross-jurisdictional Carey Olsen team was led in Bermuda by partner Mary Ward
06/01/2020
The penalties were part of the PBOC’s efforts to ramp up punishment of financial institutions that fail to adequately guard against money laundering.
06/01/2020
Efforts to rescue and repair the economy in response to the current crisis can and should be aligned with the UK's legislated target of net zero emissions by 2050 at the latest.’
05/31/2020
Equally, firms must make clear to employees conduct expectations and highlight good conduct, employing a strong and robust Conduct Risk Framework to meet regulatory expectations and ensure compliance with regulations.
05/31/2020
The document responds to queries raised by firms around difficulties in: conducting physical inspections due to social distancing measures; obtaining reliable property valuations; and use of house price indices.