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
Legal, Regulation & Compliance
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.
10/04/2019
Guernsey investment funds ‘more competitively placed than others’
Other panellists at the event agreed that achieving substance has become an increasingly important issue in jurisdictional choice for general and limited partners and that Guernsey was now more strongly positioned in the market.
10/04/2019
Scammers forced to compensate victims of £1.4m scheme
The court made a confiscation order against Bhandari for £376,604, all of which is to be paid as compensation to the confirmed victims, while Mirza’s order is for £1.2m. More than £750,000 of this will be used as compensation.
10/03/2019
The Real Life Laundromats
The film is based on the Panama Papers, a major investigation published in April 2016 by a group of media outlets led by the ICIJ.
10/03/2019
EBA publishes reports on Basel III reforms and liquidity measures
To comply with the Pillar 1 requirements in the new framework, EU banks would need EUR 26 billion of additional total capital, of which EUR 24.9 billion of Tier 1 capital.
10/03/2019
Basel III monitoring results based on end-2018 data published by the Basel Committee
The report sets out the impact of the Basel III framework that was initially agreed in 2010
10/03/2019
Top executives at Italian banks under investigation in diamond probe: document
According to the document, notifying the closure of the probe, those under investigation included former UniCredit country chairman for Italy Gabriele Piccini — today a top manager at Intesa Sanpaolo.
10/03/2019
EU to consider new supervisor in fight on money laundering
Despite criminal organizations frequently laundering the proceeds of their illegal activities abroad, the fight against financial crime is mostly dealt with by national authorities.
10/03/2019
Beware the email auto-signature
The Claimants contended that the electronic signature was capable of rendering the document “signed” as long as the name had been included on it in order to authenticate the agreement contained in the document.
10/03/2019
Women not entitled to pension age change compensation, high court rules
Women of all ages can take steps to claim additional state pension credits, if they are not earning enough to pay National Insurance due to caring responsibilities.
10/03/2019
English Court grants an asset preservation order over Bitcoin - further guidance for the Cayman Islands
Mr Robertson thought he was transferring 100 Bitcoin to a company in which he wished to invest.
10/03/2019
Extraterritorial powers of UK Liquidators brought in line with those of Cayman Liquidators
The decision indicates that the UK position will now replicate that already existing in the Cayman Islands under section 107.
10/02/2019
Generali exits race for BBVA's bancassurance business
BBVA’s insurance unit in Spain revealed a 4.8% increase in profits to €311 million last year.