08/30/2019
Privacy fears slow spread of UK-style data-sharing to combat money laundering
Legal hurdles await race for European equivalents to UK AML partnership between banks and police.
Legal, Regulation & Compliance
08/30/2019
Suptech Presents New Opportunities and Challenges for AML Authorities: BIS
The benefits of such tools are likely to prove “particularly important for jurisdictions that have been heavily impacted by the unintended consequences” of international standards on combatting money laundering and terrorist financing
08/30/2019
Thousands of charities to be hit with a new layer of anti-money laundering regulation
There are various rights of access to data, including anyone demonstrating they have a legitimate interest in accessing it.
08/30/2019
Clients would leave adviser over value for money concerns
We, as an industry, must demonstrate value and give investors confidence in the actions we take and decisions we make.
08/30/2019
The real reasons why you should consider venture debt
This can often be at a challenging phase for a business which could be under pressure to meet financial targets, to hit particular growth milestones, to capitalise on market opportunities, to bridge a funding or timing gap or potentially even to fund an a
08/30/2019
New rules penalise non-doms
A large proportion of the fall in numbers is made up of those individuals who are now ‘deemed domiciled’ for tax purposes
08/29/2019
Andersen Global Announces Agreement in the Netherlands
They have a high-end consulting practice that fits in well within a global organization, which will allow us to deliver a broad scope of services internationally.
08/29/2019
DVLA warns drivers about car tax scams which could see criminals get your bank details
THE DVLA has issued warning to drivers about car ta scam which could see criminals gain access to your debit and credit card details.
08/29/2019
WBD Advises US Client On First UK-Based Acquisition
National is targeting significant growth in the UK and has already set aside £20m to invest in leasing properties in London over the next three years.
08/29/2019
British citizens born in America face having bank accounts frozen
The Internal Revenue Service is ordering British banks to hand over the American tax identification numbers of dual nationals so they can be charged tax as overseas citizens.
08/28/2019
‘We must do it’: Deutsche Bank allegedly hired children of Russian, Chinese officials to win work
Ten days after the move was complete, the new employee’s father sent Deutsche Bank a request for a proposal on a bond deal worth more than $2 billion, a deal the bank ultimately won.
08/28/2019
Law Commission seeks views on intermediated securities
The Department for Business, Energy and Industrial Strategy (BEIS) has asked the Law Commission to conduct the scoping study, and as part of it we are launching our 10-week call for evidence, which closes on 5 November 2019.
08/28/2019
Brexit pushes almost 100 firms to move to Netherlands
Overwhelming majority of companies had offices in the UK but have now either relocated to the Netherlands or established offices there
08/28/2019
Trustee Survival Guide: Beneficiary Rights to Information - Navigating the Evolving Landscape
The Advisers could refuse disclosure of any personal data contained within confidential communications between the Advisers and the Trustees
08/28/2019
PIMFA Launches Results From Their 2019 CEO Sentiment Report
The CEO Sentiment Research Series was originally launched in 2016, to be an informative canvass of member CEOs on their views each year regarding the issues for focus or concern within the wealth management and financial advice industry.
08/28/2019
Fake-branded bars slip dirty gold into world markets
Fake gold bars - blocks of cheaper metal plated with gold - are relatively common in the gold industry and often easy to detect.
08/28/2019
English law governed debt reigns supreme
Two creditors with English law governed debt did not participate in the Azerbaijani restructuring nor did they submit to the jurisdiction of the Azerbaijani courts.
08/28/2019
FSCS receives 110 claims against collapsed adviser
It added it was too early to determine the value of the claims.
08/28/2019
A Bitcoin first? Stewarts obtains asset preservation order over cryptocurrency
Using the services of Chainalysis (a blockchain investigations firm), it was quickly established that 80 Bitcoin had been sent to a wallet held at Coinbase UK Ltd, the UK arm of San Francisco-based Coinbase, one of the world’s leading cryptocurrency
08/27/2019
PSD2 will bring changes to online banking, BPFI warns consumers
The increased security measures, known as strong customer authentication (SCA), will manifest in varying ways depending on which provider a person banks with.