01/23/2019
UK’s FCA is stepping up investigations of cryptocurency companies
Fraud is pervasive.
Legal, Regulation & Compliance
01/23/2019
Updated UK-Guernsey tax treaty enters into force
In the UK, the agreement takes effect for income tax for any year of assessment beginning on or after April 6, 2019. For corporation tax, it takes effect on April 1, 2019.
01/23/2019
The Fed is probing Deutsche Bank over billions in suspicious transactions in another twist in the Danske Bank money laundering scandal
The US Federal Reserve is investigating how Deutsche Bank handled billions suspicious payments from Danske Bank, as regulators try to unravel who was involved in one of the largest financial scandals in history.
01/23/2019
Luxembourg licenses 80 new financial services companies in 2018
An important factor in Luxembourg’s ability to continue to attract new business is its long-term stability, underpinned by its consistent AAA credit rating.
01/23/2019
Company accused of role in €3 billion Azeri money laundering scheme had Pilatus account - reports
It was also alleged that the bank was used to move Azerbaijani millions into Europe.
01/23/2019
New Money Laundering Law Rejected in Estonia
The new law would have shifted that burden to individuals.
01/23/2019
Dutch regulators to introduce a licensing scheme for crypto exchanges
The licensing regime will enable the regulatory bodies to access companies and determine if they will comply or can comply with the AMLD5 rules.
01/22/2019
Ex-UBS Worker Guilty of Money Laundering in Data Theft Case
Man acquitted of separate charge of bank secrecy violations
01/22/2019
Meet the hot-shot lawyers representing the ‘Barclays four’
Some of the finest legal minds in the country are squaring off in the fraud trial of four Barclays bankers
01/22/2019
Gina Miller calls for FCA boss to ‘regulate or resign’ after Mifid II failings
City power couple slams UK regulator for allowing fund managers to swerve cost-disclosure rules
01/22/2019
Swiss pension fund tenders $4bn currency overlay mandate
The investor emphasised that the search was a “request for information only as a first step to define our requirements and needs both in terms of possible execution setup and the management of overlay”.
01/22/2019
Brexit: Theresa May scraps £65 fee for EU citizens to stay in UK
Mrs May had been forced to make the statement setting out her plan for how to proceed after MPs rejected her Brexit deal with the EU by 230 votes last week - her "plan B".
01/22/2019
'Fun, calm and a model professional': Tributes pour in for regulator Rousell
He will be greatly missed by all those fortunate enough to have known him.
01/22/2019
Wentworth Golf Club owner in legal battle over wine worth £4.8M
Reignwood, the Chinese company which owns Wentworth Golf Club in Surrey, is suing its former head of international operations for allegedly mishandling over 32,000 bottles of wine, worth £4.8 million.
01/21/2019
Hedge fund Brokwel Management sues Venezuela for $20m loans default
A secretive hedge fund is suing the Venezuelan government for allegedly defaulting on more than $20m (£15.5m) of loans.
01/21/2019
The once brightest and best need to wise up and listen
A chill has descended on international commerce that Davos will not easily shrug off
01/21/2019
IOSCO statement on disclosure of ESG matters by issuers
The statement does not supersede existing laws, regulations, guidance or standards or relevant regulatory or supervisory frameworks in specific jurisdictions, or any IOSCO Principles1
01/21/2019
Fraudster jailed for 8 years over £2.4m carbon credit con
Victims of Harman Royce would receive telephone calls from ‘brokers’ of the company, who, often using fake names, would persuade them to invest in voluntary emission reductions (VERs); a type of carbon credit.
01/21/2019
Lighthouse exits master trust market
Lighthouse says Smart is expected to submit its application to TPR imminently.
01/20/2019
So, HSBC, where’s our compensation?
The ombudsman ordered the bank to pay up after a mortgage fiasco — but it did not