10/07/2018
UBS Accused of Bond Movie Tactics in Paris Tax-Dodging Trial
They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.
Legal, Regulation & Compliance
10/05/2018
Asset-based lender launches equity release product
Mr Shaw said asset-based lenders were generally smaller organisations, which he believed strengthened the position to deal with complex cases.
10/05/2018
VTB purchase of rival threatened by London lawsuit
The claimants say they were told by senior private banking managers that the brothers were personally backing the notes.
10/05/2018
Mystery banker's wife Mrs A spent MILLIONS in Harrods - but how did she afford it?
A JAILED banker's mystery wife who splashed £1.6m a year on shopping sprees in Harrods is being asked how she paid for her lifestyle that included property worth £22m.
10/05/2018
UK markets watchdog says cooperation with EU to aid smooth Brexit
Maijoor also signalled a need to ensure that clearing of euro-denominated derivatives by UK-based clearing houses can continue after next March.
10/05/2018
He is a Swedish aristocrat, MD in wealth management and presumably a notorious fraudster
In Switzerland, he is not an unknown entity either: the Swede has aristocratic roots, his father was a well-known diplomat, and clients he allegedly defrauded have turned to Swiss regulator Finma.
10/05/2018
Luxembourg and Australia agree fintech pact
Both our jurisdictions are leaders in funds management and other financial services. ASIC is very interested in learning from the fintech and regtech innovations that are taking place in the Grand Duchy.
10/05/2018
ESMA updates AIFMD Q&As test
The purpose of this Q&A document is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures.
10/05/2018
Pension fund manager accused of stealing £1m to buy house
He is said to have moved the cash into overseas bank accounts and then back into the UK
10/05/2018
ESMA updates its Q&As on MiFID II and MiFIR market structure and transparency topics test
ESMA will continue to develop these Q&As in the coming months and will review and update them where required.
10/05/2018
First Tower Trustees v CDS – English Court of Appeal finds trustees personally liable under statute
The misrepresentation finding was not challenged on appeal.
10/05/2018
Commerzbank employee wins London sex and maternity discrimination case
Compliance officer said large parts of her job were given away while on maternity leave
10/04/2018
Banker's wife may lose property worth millions after UK court ruling
Failure by ‘Mrs A’ to explain source of wealth could result in civil proceedings to seize it
10/04/2018
The state of implementation of MIFID II and preparing for Brexit
WFE Annual Meeting 2018 - Hotel Grande Bretagne, Athens, Greece
10/04/2018
ESMA withdraws MiFID automated trading guidelines following their incorporation into MiFID II
Following the entry into force of MiFID II on 3 January 2018, ESMA has reviewed the guidelines in order to establish whether, in the context of the new legislative framework, they need to be amended or repealed.
10/04/2018
Challenge to very first unexplained wealth order dismissed
UK’s National Crime Agency investigating properties worth £22m in south-east England
10/04/2018
Russian Billionaire Accuses Sotheby’s of Price Inflation in a $380 Million Suit
The businessman sought all documents related to the value of the works bought or sold in a transaction involving Sotheby’s and Bouvier
10/04/2018
Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
Over the past ten years, regulators across the US, Europe, APAC and the Middle East have levied nearly $26 billion dollars in financial penalties against financial institutions for AML/KYC and sanctions-related violations.
10/04/2018
Basel III monitoring results published by the Basel Committee
Data have been provided for a total of 206 banks, including 111 large internationally active banks.
10/03/2018
Mifid II bites: Small brokers in danger of getting picked off
Losses at Arden Partners doubled in the six months to May to £2.3 million, with WH Ireland also reporting a second year of losses in July.