10/07/2019
Intermeddling - Second bank fined for contravention of Probate Law
These cases illustrate the dangers of intermeddling with an estate and the seriousness with which the Royal Court treats such breaches.
Legal, Regulation & Compliance
10/07/2019
Britain's first 'deep fake' fraud: Energy executive conned into handing over £200,000 to thieves who used software to fake their boss's voice
It is thought to be first time deep fake technology has been used to defraud a company
10/07/2019
FCA sets out potential remedies to tackle concerns about general insurance pricing
The FCA will also continue its work to ensure firms improve the oversight of their pricing practices and deliver the changes required following other recent policy changes.
10/07/2019
ESMA Opinion Clarifies Application of Pre-Trade Transparency and Price Determination in Frequent Batch Auctions
ESMA will keep monitoring developments in the market
10/07/2019
ESMA Consults on MIFIR Alignment Following the Introduction of EMIR Refit
The recent changes introduced to EMIR via Refit modify the scope of counterparties subject to the clearing obligation – exemption for small financial counterparties and modified determination of non-financial counterparties.
10/07/2019
ESAs highlight money laundering and terrorist financing risks in the EU financial sector
The ESAs are concerned about weaknesses in the control frameworks put in place by financial institutions
10/07/2019
Switzerland and the UAE removed from EU tax haven lists
Finance ministers in the European Union are expected to take Switzerland and the UAE off its list of tax haven jurisdictions on 10 October
10/07/2019
Norway to spend less wealth fund cash amid strong growth: government
Under its 2020 draft budget, cash spending from the fund will decline to 243.6 billion Norwegian crowns ($26.79 billion) next year from 246.2 billion crowns in 2019, the Finance Ministry said.
10/07/2019
Fisch AM CIO backs convertible bonds against global recession
Convertible bonds offer an implied market timing mechanism, as well as much greater capital protection compared to direct equity market investments.
10/07/2019
DFMs should get rid of new customer deal
The end of ‘new customers only’ is vital for the discretionary investment management market
10/07/2019
Exchange of information with 75 countries on around 3.1 million financial accounts
Currently, around 7,500 reporting financial institutions (banks, trusts, insurers, etc.) are registered with the FTA.
10/06/2019
Family partnership ends in tears
The judge adopted the approach that it is important to avoid the fallacy of supposing that, because a witness is confident in his or her recollection and is honest, that their evidence is any reliable guide to the truth.
10/06/2019
Bank of Ireland accounts 'used to launder €273m in OneCoin scam’
US prosecutors call in current and former officials at lender to testify in cryptocurrency case
10/06/2019
QC Corner: James Ramsden QC
The UK court will decide a claim brought by a Russian investor allegedly defrauded when large quantities of bitcoin were sent to an FX trader with the intention that it be converted to $US.
10/04/2019
49 Ogier team members recommended in Legal 500 UK 2020
There has been significant upward movement in Guernsey, with Corporate M&A promoted to tier one, joining Investment Funds, Dispute Resolution and new category Capital Markets in the top spot.
10/04/2019
ESMA issues opinion on national product intervention measures issued by Cyprus
The last of these measures expired on 31 July 2019. CySEC notified ESMA of the proposed national measures one month after ESMA’s measures expired and they are expected to take effect from 2 October 2019.
10/04/2019
Dechert partner sues investigators for allegedly spying on him
He says they operated it by remote control from neighbouring land where they concealed themselves in a hide disguised with leaves and chicken wire and recorded details of his visitors.
10/04/2019
Criminals used Scottish Limited Partnerships’ loophole to launder billions
The report said investigators had found that the number of SLPs had fallen significantly and registrations were at their lowest level since 2010
10/04/2019
Poles with loans in Swiss francs win EU case
Around half a million Polish homeowners with Swiss franc loans have won their case in the European Court of Justice, which has ruled they can ask the Polish courts to convert their loans into the Polish Zloty.
10/04/2019
Unigestion makes Italian push with Allianz Bank Financial Advisors partnership
The strategy seeks to achieve this by capturing the upside during "bull" markets while protecting capital during market downturns.