07/10/2019
Bailey faces bonus cut over mini-bond debacle
Mr Bailey has already received £27,200 of his bonus
Legal, Regulation & Compliance
07/10/2019
HMRC recovers £1.5m in money laundering crackdown
The investigation was part of HMRC’s broader efforts to tackle money laundering in the UK.
07/10/2019
Appleby Partners Recognised by Best Lawyers in 2019 UK List
Appleby partners Michael O’Connell and Simon Harding have both received recognition from Best Lawyers in their most recent UK List.
07/10/2019
UK Regulator Discloses Money Laundering Probe into Eight Charities
Earlier this month, Edward Cohen of London was sentenced to nearly 10 years in prison for benefit fraud, theft-related offences and money laundering linked to Chabad UK and the seven other charities cited by the commission on Tuesday.
07/10/2019
Offshore law firm provides Jersey advice to Petropavlovsk
Appleby assisted with the obtaining of regulatory approvals from the Jersey Financial Services Commission relating to amendments to the terms and conditions of the existing convertible bonds and the issue of the new convertible bonds.
07/10/2019
Guernsey focusing on family offices
The Policy Framework, therefore, rightly recognises that the island’s experience of providing more than 50 years of sophisticated and discrete services of unrivalled breadth and depth across fiduciary, funds and wealth management
07/10/2019
FCA annual reports for 2018/19
The Annual Report displays the breadth of our work in the past year
07/10/2019
ESAs publish recommendations on the supervision of retail financial services provided across borders
The Report concludes with recommendations addressed to the European Commission, Council and Parliament, proposing to amend existing, or develop new, legislation to facilitate the deepening of the single market.
07/09/2019
Banks' Liability for Fraud on Costumers by Third Parties
The sole purpose of the account, which was a type of escrow account, was to hold the settlement funds that would eventually be paid by the Customer to those entitled under the settlement.
07/09/2019
Inheritance tax lifetime gifts
Lifetime gifts are generally disregarded for IHT purposes if the donor survives seven years from the date of gift.
07/09/2019
Deloitte CFO Survey: Political and economic uncertainty compounds Brexit fears
Brexit has not happened, but it is acting as a drag on corporate sentiment and spending.
07/09/2019
Luxembourg Register Of Beneficial Owners - D-2 Months !
Luxembourg existing entities now have until 1 September 2019 (at the latest!) to compile their Internal File on BOs and to register the relevant information with the RBE.
07/09/2019
EBA assesses impact of FinTech on payment institutions' and e-money institutions' business models
The Report aims to share knowledge and provide support to supervisors and other stakeholders in identifying and understanding the main trends that could impact PIs' and EMIs' business models and pose potential challenges to their sustainability.
07/09/2019
U.K. proposes mandatory climate reporting for companies, asset owners
The government wants to align mainstream financial flows from listed companies and asset owners with those that are environmentally sustainable, to redirect capital to green investments in cities, energy systems and land use around the world.
07/09/2019
U.K.'s Pensions Regulator wants feedback on improving governance of plans
David Fairs, executive director of regulatory policy, analysis and advice at TPR, warned in a news release Tuesday that there still are disengaged trustees who either refuse or are unable to improve standards in their plans.
07/09/2019
A strong Q2 sees European IPO activity rebound following a quiet Q1
The European IPO market is showing signs of recovery following a particularly quiet first quarter.
07/08/2019
Collaboration of six Nordic banks results in joint KYC company
The banks' top priority in collaborating has been to develop a Nordic platform with standardized processes for handling KYC data
07/08/2019
Call for inheritance tax shake-up
Possible reforms include changes to the gift allowance but not the tax on your home
07/08/2019
2019 Transition Monaco Forum: shifting towards sustainability is a reality not a utopia anymore
On those grounds, the second Transition Forum held at Fairmont Hotel from the 26th until the 27th June 2019, under the high patronage of H.S.H. Prince Albert II of Monaco, went one step further analyzing how best to comply with the eco-transition, from in
07/08/2019
France is Going to Change Key Wine Regulations
Now as per new regulation these stickers will not be valid on wine bottles for exportation purposes.