02/24/2020
UBO registers in the Netherlands and Luxembourg: an update
Now that the UBO register is live in Luxembourg, it has allowed the general public and other interested parties like bankers, lawyers and notaries to see how it works in practice.
Legal, Regulation & Compliance
02/24/2020
Why enforcement authorities favour Account Freezing Orders
There is also anecdotal evidence that the NCA has been able to obtain such orders based on historic internet articles alleging wrongdoing by an account holder’s relative.
02/24/2020
Nikolay Storonsky’s Revolut freezes accounts in money-laundering bungle
Digital bank says sorry after wrongly suspecting customer
02/24/2020
Compliance lessons from Julius Baer’s ‘serious AML failings’
The shortcomings were uncovered by the Swiss Financial Market Supervisory Authority
02/24/2020
British digital bank serves clients shunned by established lenders
Koppel’s lender Monese joined them, expanding to 31 nations in Europe with two million customers in only five years of operation.
02/24/2020
Britain prepares to reimpose sanctions on Grace Mugabe after Brexit
It comes months after the death of former Zimbabwean president Mr Mugabe at the age of 95.
02/24/2020
US and EU meet to discuss impact of Fatca
Following a letter from the bloc about concerns over how the legislation affects Europeans
02/24/2020
Global Anti-Corruption Programme
This Prosperity Fund programme promotes increased global prosperity and inclusive sustainable growth by working against corruption.
02/24/2020
HMRC sets up secret unit to target wealthy families on IHT
It will be concerned that family investment companies are taxed too leniently and that huge amounts of wealth might be held through them.
02/24/2020
Monterey confirms Mourant has dominated the legal funds sector for 20 years
The annual Monterey Report is based upon the Jersey Financial Services Commission's list of regulated schemes as at 30 June 2019.
02/23/2020
Spain proposes 3% digital services tax
Spain will adopt any internationally agreed legislation
02/23/2020
HMT/DCMS consultation on expanding the dormant assets scheme
The government is proud of the UK scheme’s operation: our model is seen as an international example of how to successfully use dormant assets for social good, with leadership provided from industry.
02/21/2020
ICO consults on draft AI auditing framework guidance for organisations
The ICO supports innovation and understands the benefits AI can bring as well as the risks. We want to engage, educate and influence those innovating to ensure data protection can be built in to AI systems in practice.
02/21/2020
Why big UK and European banks are struggling to grow returns
Sky's Ian King says the UK bank reporting season has thrown up some common challenges for the country's biggest lenders.
02/21/2020
ICO consults on draft AI auditing framework guidance for organisations
The European data strategy and the policy options to ensure the human-centric development of Artificial Intelligence presented today are the first steps towards achieving these goals.
02/21/2020
Shaping Europe's Digital Future by President von der Leyen
AI will not only improve our daily lives, but Europe is already leading in AI.
02/21/2020
Mourant advises on AIM Listing
The Mourant team was led by partner John Rochester and Counsel Alex Davies who advised on the Guernsey aspects of the listing, alongside UK counsel Howard Kennedy LLP.
02/21/2020
Hundreds of millions of pounds in dormant assets could be seized under plans to expand charity scheme
Since the launch of the dormant assets scheme in 2011, 30 firms have voluntarily transferred dormant funds into it.
02/20/2020
European Commission Launches MiFID II Review
The consultation seeks to assess the overall functioning of the regime after two years of application, and potentially propose reforms if deemed necessary.
02/20/2020
Portugal Golden Visa Program For CEOs, CFOs, And Business Investors
After five years of legal residency in Portugal, it is possible to apply for Portuguese citizenship.