07/24/2020
Facilitation of Cross Border Restructuring - Appleby Global
The severe economic ramifications of Covid-19 are being, and will be, felt across all areas of industry and society for some time to come.
Legal, Regulation & Compliance
07/24/2020
Trust Registration Service and Fifth Money Laundering Directive… are we nearly there?
Many commentators sought further reassurances regarding access to information held on the TRS.
07/24/2020
FCA portfolio letter to debt advice firms
The letter sets out the FCA's view of the key drivers of harm to consumers and/or markets posed by debt advice firms.
07/24/2020
London Laundromat: Police seize £2 million profits of Italian mafia gang held in British banks
Castaldi and Enzo Ceravolo, a director of the company involved, gave a London address when setting up the business, but it was a forwarding address with no sign of the pair using it to live in.
07/24/2020
Benefits and certainty of Guernsey’s UK and EU access underlined as Brexit talks miss deadline
The island was one of the first jurisdictions to be approved by the European Securities and Markets Authority (ESMA) to provide third-country passporting without conditions.
07/24/2020
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.
07/24/2020
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".
07/23/2020
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.
07/23/2020
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
07/23/2020
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.
07/23/2020
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.
07/23/2020
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.
07/23/2020
Nearly 12 million Brits targeted by coronavirus fraud
Health insurance scam emails, texts and phone calls most common ploys
07/23/2020
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.
07/23/2020
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.
07/23/2020
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.
07/23/2020
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.
07/22/2020
Appleby Advises IFGL On Friends Provident Acquisition
IFGL is a financial services group headquartered in the Isle of Man.
07/22/2020
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.
07/22/2020
Malta will not publish golden visa names
But those who have been denied citizenship will be revealed