10/10/2019
United Kingdom, European Union, and International Bodies
This is in addition to the £12.8m in compensation Serco paid to the Ministry of Justice as part of a £70m civil settlement in 2013.
Legal, Regulation & Compliance
10/10/2019
Anti-money laundering: Dos and Don'ts
In short, AMLRs require financial services providers (FSPs) engaging in relevant financial business to establish systems to detect things like money laundering and terrorist financing.
10/10/2019
Company accused of plagiarising IFA literature and investment firm accounts
Uses AIM company's stock ticker
10/10/2019
Which side of the fence?
FCA Guidance on Cryptoassets
10/09/2019
Switzerland stops information exchange with Bulgaria
Following data leak of Bulgarian and foreign taxpayers’ financial account details
10/09/2019
ESMA finalizes anti-abuse arrangements
Arrangements have been submitted to the European Commission for final approval
10/09/2019
Two Estonians standing trial in Finland’s largest money laundering case
The defendants include two Estonians, aged 70 and 44.
10/09/2019
Spooked by Libra, EU pledges to regulate digital currencies
France and Germany have said that Libra, whose size would dwarf cryptocurrencies such as bitcoin, could limit their monetary sovereignty.
10/09/2019
UK court allows Nigeria's $875 million case against JPMorgan to proceed
Tuesday’s decision upheld a February ruling from a lower court.
10/09/2019
BoE Executive Director Cleland speech on enhancing resilience in payments
As a single unified operator for CHAPS, as well as RTGS, the Bank is taking important steps as a standard setter and a thought leader to drive increased resilience and improved recovery capability in payments.
10/09/2019
CSDR: ESMA guidelines on standardised procedures and messaging protocols
Investment firms are expected to take measures to limit the number of settlement fails and to – at least – set up arrangements with their professional clients to ensure prompt communication of the necessary settlement information.
10/09/2019
MAR: ESMA final draft RTS on supervisory cooperation
ESMA has submitted these RTS for endorsement to the European Commission.
10/09/2019
EU Needs A 'Common Approach' To Crypto Regulation Says Commissioner
Valdis Dombrovskis — the European Union’s (EU) finance commissioner says crypto regulation will be a major focus of his if appointed for a second term.
10/09/2019
EU Exit: EBA statement
The EBA also notes that, should any customers have concerns about whether they may be impacted by the UK withdrawal from the EU and have not yet been contacted by their financial service provider, they should contact their financial institutions directly.
10/09/2019
FCA statement on information for SIPP operators in light of BBSAL administration
We reiterate that if the outcome of this case calls into question a SIPP operator’s ability to meet financial commitments as they fall due
10/09/2019
SNB and BIS sign operational agreement on BIS Innovation Hub Centre in Switzerland
The Swiss Centre will initially conduct research on two projects.
10/08/2019
BNP Paribas AM partners with fintech firm on quant fund
The index is based on a combination of data and artificial intelligence, using research from Napoleon Capital and a network of quantitative finance professionals.
10/08/2019
Carey Olsen's Guernsey trusts conference urges caution over reliance on 'Anti-Bartlett' clauses
The nature of the high level supervisory role will always be fact-specific and dependent.
10/08/2019
Pressure mounts on Jupiter's Davies as he faces trust sacking
The board's move shines the spotlight on the equally torrid run of performance Davies is enduring on the much larger Jupiter UK Growth open-ended fund, run along the same lines.
10/08/2019
German Finance Minister Open to Eurozone Crypto to Respond to Libra
The crazy thing is, the creation of government-backed crypto assets is gaining traction from people in high places.