12/06/2018
Anti-money laundering analysis: UK FCA and EU blacklists update
The FCA has required some 2,000 of the largest UK firms to submit an annual Financial Crime Return (FCR).
Legal, Regulation & Compliance
12/06/2018
UK 'golden visa' scheme to be suspended due to corruption fears
Applicants must have assets of £2m or more to invest in active companies from 2019
12/06/2018
Switzerland faces stark choice on EU integration deal
Moves on institutional framework agreement will have implications for Brexit Britain
12/06/2018
FCA finds 'disappointing' lender practices on arrears
FCA publishes findings on long-term mortgage arrears
12/06/2018
UK Tier 1 Investor visa scheme to be suspended at midnight
The new scheme will be introduced as part of wider Government measures to tackle serious organised crime.
12/06/2018
Charges pressed dutch banks russian money laundering case: report
Browder has been working for years to get international legislation in place against the Russian instigators of corruption and fraud.
12/05/2018
Emerging central banks notch up 7th straight month of rate hikes
The bank has now hiked rates by more than 4 percentage points since January.
12/05/2018
CAB to seize funds from company that sold encrypted phones
The High Court today granted the CAB orders which allow it to hand the money in the Dublin accounts over to the State.
12/05/2018
Establishing a family office in the UK for an overseas family
Running a UK family office has unique issues, says Irwin Mitchell Private Wealth’s Alex Ruffel
12/05/2018
German criminal probe zeroes in on tiny unit sold by Deutsche Bank
Business being investigated was barely profitable and put up for sale in 2016
12/05/2018
FCA publishes Decision Notice against former CEO of Sonali Bank (UK) Ltd for AML failings
The Tribunal’s decision will be made public on the Upper Tribunal website (link is external).
12/05/2018
ScamSmart prompts tens of thousands of pension holders to seek information
Victims of pension scams last year lost an average of £91,000 each to fraudsters.
12/05/2018
BNP Sued by Woman Who Says Outspokenness Led to Discrimination
Angelina Georgievska sues at London employment tribunal
12/05/2018
SFO charges failed — but Barclays did not get off lightly
It is hard to bring cases against companies, but compliance problems can still be time-consuming and damaging
12/05/2018
LK Shields and Kilroys merge to tap growth
The team joining us from Kilroys share our core values, most important of which is a commitment to providing high quality and commercially focused advice to our clients.
12/05/2018
Over 2,000 Irish investment funds being investigated
Central Bank mainly concerned with ‘closet indexing’ in case customers being mislead
12/05/2018
Director gets 14-year ban over precious metals investment con
This ruse meant customers had no stake in any of the gold, which was sold to pay the running costs of a separate business.
12/04/2018
How Safe Are Europe’s Banks? Right Now, It’s Hard to Tell
The EU’s stress-testing rules aren’t strong enough.
12/04/2018
UK watchdog cautions banks over hasty Brexit moves
UK regulators have written to banks to say they must ensure that any shift in non-EU business was in the interests of the client and not because of pressure from regulators to be more self-sufficient on the continent
12/04/2018
Derivatives Service Bureau Expands Product Committee Membership
Industry Consultation Results in Broader Representation