12/16/2019
Tax fraudsters to pay £20m over fake eco-investments
The taxman expects the men may have to cash in pensions and sell properties in both the UK and Dubai to settle the tax bills.
Legal, Regulation & Compliance
12/16/2019
Launch of the consolidated Basel Framework
The publication of the standards in a new format focused on reorganising existing requirements, not introducing new requirements or otherwise amending the standards previously agreed and published by the Basel Committee.
12/16/2019
STEP success for Mourant Governance Services Counsel
Jamie said: "Achieving full STEP membership has deepened my knowledge of trust and private client work, further enabling me to provide counsel on a broad range of legal and administrative matters.
12/16/2019
The growing buzz around cannabis investment… and the unintended consequences
For Guernsey companies in particular, these developments present exciting new opportunities.
12/16/2019
Adviser bodies call for 'smarter' regulation
I hope now that the prime minister has a clear mandate on Brexit
12/16/2019
Alan Shearer scores £100k payout from 'negligent' pension adviser
Former England and Newcastle football star Alan Shearer has scored a £100,000 pay out after a court ruled that his financial adviser had given him ‘negligent’ pensions advice.
12/15/2019
FCA policy statement on Investment Platforms Market Study remedies
The new rules will come into force on 31 July 2020.
12/15/2019
FCA response to the Cranston Review
These failings need to be addressed by LBG quickly.
12/15/2019
UK banks accused of being 'involved in multi-billion pound Russian money-laundering scam'
The documents detail around 70,000 transactions, including 1,920 totalling nearly £600 million that went through UK banks and 373 through US banks, the newspaper said.
12/15/2019
Commission report on FinTech regulation, innovation, and finance
The group's 30 recommendations are pertaining to the innovative use of technology in finance, maintaining a level playing field, access to data, and the financial inclusion and ethical use of data.
12/15/2019
Dolphin Trust threatened with foreclosure over payouts
The move follows the failure of Dolphin Trust, now German Property Group, to meet an interest payment due last week.
12/13/2019
Herbert Smith Freehills launches major new trust companies survey
The survey should take between 5-7 minutes to complete and your answers will be anonymous.
12/13/2019
FCA updates webpage on SMCR regime for solo-regulated firms
The regime aims to reduce harm to consumers and strengthen market integrity.
12/13/2019
ESMA issues annual report on administrative and criminal sanctions and other measures under MAR
The report is issued under Article 33 of MAR and contains aggregated information on administrative and criminal sanctions and other administrative measures imposed in the EU on the basis of MAR in 2018.
12/13/2019
UK election - Finally Some Certainty by Gary Dugan
The U.K. will feel very different in the morning.
12/13/2019
Jailed banker’s wife who spent £16m in Harrods attempts to overturn ‘McMafia’ wealth order
But Ms Hajiyeva, 56, is to argue her husband’s conviction – which she says was “the central feature” of the National Crime Agency’s application for the unexplained wealth order (UWO) – followed a “grossly unfair t
12/13/2019
EU confirms sustainability disclosure requirements for financial firms
The regulation sets out harmonised rules for how financial firms and advisers should report on how their processes take account of sustainability risks and adverse sustainability impacts
12/13/2019
Banks to push for new EU access plan after UK election
The Commission said preserving financial stability remains a top priority.
12/13/2019
Electronic Swiss Franc? Not So Fast, Government Says
Central bank digital currency refers to money that a central bank would create in digital form and make available to the general public.
12/13/2019
German central bank slashes 2020 growth outlook
Export-dependent German manufacturers above all have in recent months suffered from slowing global growth and trade and increased uncertainty over US-led trade conflicts and Brexit.