10/25/2019
FATF guidance on Beneficial Ownership for Legal Persons
The report also makes recommendations on how to ensure authorities can access information on beneficial ownership of overseas entities.
Legal, Regulation & Compliance
10/25/2019
Freshfields resorts to fining its naughty partners
"We want to ensure that positive behaviour is consistently valued and that inappropriate behaviour is called out and acted upon"
10/25/2019
Slater and Gordon to make over 100 UK staff redundant
Since 2017, it has closed offices in Chester, Wrexham, Milton Keynes and Preston, and most recently it shut down Leeds with the loss of 25 fee-earners.
10/25/2019
Employers, Brexit and the right to work: Are you prepared?
This is an important moment to look at your options and ensure that you are compliant with right to work obligations to avoid disruption for your employees and for your businesses.
10/25/2019
Politics Is More Worrying Than Brexit For Britain’s Wealthy
A general election can have several different outcomes for U.K. millionaires.
10/25/2019
FINRA Fines BNP Paribas Securities Corp. and BNP Paribas Prime Brokerage, Inc. $15 Million for AML Program and Supervisory Failures
This matter arose out of firm examinations conducted by FINRA’s Department of Member Supervision and referred to Enforcement.
10/25/2019
Amendment to new France-Luxembourg treaty clarifies elimination of double taxation
For Luxembourg tax residents, there would be no change and foreign employment income would continue to be exempt with progression
10/25/2019
UK’s biggest payday lender collapses
The Financial Conduct Authority has started at least to try and get a grip on this sector.
10/25/2019
AXA sells Belgian Bank and strikes new insurance distribution deal
Combining this with the transfer of Crelan’s insurance business to AXA, our leadership position in our preferred segments in Belgium will be further reinforced.
10/24/2019
Swedbank Says It’s Being Investigated by ECB, U.S. Authorities
It’s now being investigated in Sweden, Estonia and the U.S. amid allegations it may have handled over $100 billion in potentially suspicious transactions, mostly from the former Soviet Union.
10/24/2019
Vatican financial regulator denies wrongdoing in London property buy
In its first public comment since the raid on its offices on Oct. 1, when police seized documents and computers, AIF said it had carried out an internal investigation and confirmed confidence in its director, Tommaso di Ruzza, who was suspended after the
10/24/2019
Schroders to take over as manager of Woodford investment trust
Neil Woodford resigned from eponymous investment vehicle earlier this month
10/24/2019
Bank-grade ID company Fractal partners with Philippine-based investment platform Seedbox, providing bankless access to mutual funds
The Berlin and Singapore-based identification management company signs an agreement with Seedbox to put the effort in driving financial inclusion in Southeast Asia, starting with the Philippines
10/24/2019
Why Mario Draghi will be missed
Mario Draghi, the current head of that institution, is overseeing his last monetary policy meeting today, before former IMF director Christine Lagarde becomes president.
10/24/2019
Turning technology against financial crime Speech by Megan Butler
Speech by Megan Butler, Executive Director of Supervision – Investment, Wholesale and Specialists at the FCA, delivered at the Royal United Services Institute, London.
10/24/2019
17 banks and lenders confirm support for SME customers through Brexit and beyond
Banks and alternative lenders have reaffirmed their pledge to support small and medium sized businesses (SMEs) with concrete commitments under the new SME Finance Charter.
10/24/2019
Covert recordings a fact of professional life
The ongoing case concerns a road traffic accident in which the claimant alleges to have suffered serious brain damage.
10/24/2019
Advisers given two months to rectify DB risks
The watchdog is then set to conduct a further round of assessments in 2020 and if it finds concerns persist further action against firms is "likely".
10/24/2019
Germany’s economic slump persists as France rebounds
Two countries’ fortunes continue to diverge as PMI data point to overall eurozone gloom
10/23/2019
Fosun Considers Bid for German Bankhaus Lampe
Sources also added that KPMG is currently advising the Oetker family, the controlling shareholder, on the potential sale of Bankhaus Lampe.