01/07/2020
Guernsey to stay on Netherlands tax blacklist
By drawing up its own stringent blacklist, the Netherlands is once again showing that it is serious in its fight against tax avoidance,
Legal, Regulation & Compliance
01/07/2020
Egrant inquiry uncovered ‘hidden’ Pilatus filing system
Bank wanted a ‘perfect’ report
01/07/2020
Shareholders Unsuccessful in First Class Action Against Directors
The judgment concerns the recommendation made by directors to shareholders, and disclosure of information ahead of a shareholder vote approving the acquisition.
01/07/2020
London Loan Brokerage struck off company register after £237 million London Capital & Finance minibond scandal
Minibonds offer high returns, reflecting the much higher risks involved compared with other types of investments.
01/07/2020
FCA and Bank of England announce proposals for data reforms across the UK financial sector
The Financial Conduct Authority and the Bank of England (Bank) today outlined their plans to develop their data and analytics capabilities.
01/06/2020
Central Bank of Ireland resists bid to up workload in EU money laundering fight
Bank objects to being made to gather the information the EU requires to combat illicit deals
01/06/2020
Bank of England to investigate Wall Street giants over their financial reporting
The move comes after US rival Citi was fined a record £44m in November by the PRA for “serious and widespread” reporting and governance failures.
01/06/2020
Challenger banks remain vulnerable despite successes
Buy-to-let has boosted some post-crisis entrants but reasons for caution persist
01/06/2020
Banks Looking to Recruit More Staff to Check for Money Laundering in 2020
Qualified candidates are few and far between, demand is high
01/06/2020
CEO impersonation fraud: can an employee be liable for their negligent actions?
Peebles argued that the employee should, through use of common sense, have been able to spot the risk of fraud in the transactions she was being asked to process.
01/06/2020
Deloitte partner to pay £125k after losing dismissal challenge
He is represented by Jonathan Cohen QC and Alexander Robson from Littleton Chambers, instructed by Farrer & Co.
01/06/2020
Wealth firm faces restrictions on conflict of interest concerns
Wealth manager Dolfin faces restrictions on how it invests funds deposited by tier one visa clients after it was accused of steering purchases to businesses related to directors.
01/05/2020
Ready or Not, New UK Anti-Money Laundering Regulations Hit UK Art Sector from 10 January 2020
The newRegulations now take effect from 10 January 2020 and have major consequences for art market practices.
01/03/2020
Online outage for several hours shakes operations at Britain’s Lloyds Banking Group
Online outage frustrated the customers and shook operations at the bank.
01/03/2020
China suspends Shanghai link with London Stock Exchange
The suspension is a blow to the London Stock Exchange and its boss David Schwimmer, who has bet that Shanghai - not Hong Kong - is the financial centre of China.
01/03/2020
Bank of England to set new climate tests for UK banks
Drastic global changes could create damage to property, infrastructure and farmland, disrupt business supply chains and in an extreme case lead to mass migration and death.
01/03/2020
Busted! HMRC reveals biggest criminal cases of year 2019
This year’s list once again shows the lengths some people will go to steal money destined to support important public services.
01/03/2020
Lawyers get ready for ‘Divorce Day’
This year is expected to see the introduction of a ‘no-fault divorce’ bill
01/02/2020
European money intended for Libyan migrants being diverted, laundered
Huge sums of European money have been diverted to intertwined networks of militiamen, traffickers and coast guard members
01/02/2020
Rise in new Airbnb lets as landlords flout rules
Extra 1,000 short-term rentals advertised despite homes crisis