11/29/2018
Deutsche Bank investigated over Panama Papers
Fallout hits German bank more than two years after Mossack Fonseca scandal broke
Legal, Regulation & Compliance
11/29/2018
Deutsche Bank's Frankfurt Headquarters Raided in Money Laundering Probe
Frankfurt headquarters as part of an ongoing probe into money laundering that has implicated several European banks over the past year.
11/29/2018
Fraudster sentenced to five years for £3m investment scam
The Judge said that "not one word of what [Starling told investors] was true" and that he had consistently told his victims "a pack of lies".
11/28/2018
The Bailiwick gears up for sanctions post brexit
The Proposed Law also addresses designation under existing UN financial sanctions regimes where the Bailiwick has already implemented a related EU sanction.
11/28/2018
Danske Bank scandal spurs UK crackdown on limited partnerships
Legislation on way to control structures dubbed money-laundering vehicle of choice
11/27/2018
Italy assets rally with budget, talk of ECB bank stimulus in focus
Broad gains for the country’s government bonds and equities market
11/27/2018
Italy budget: Rome vows to stick to plans, despite EU concerns
Italy's government says it will stick to its high-spending budget plans, setting up a potential stand-off with the European Union over its deficit.
11/27/2018
FCA deepens preparations for no-deal Brexit
The most recent consultation, which is accepting comments until 21 December, looks at amendments to the Handbook and Binding Technical Standards (BTS).
11/26/2018
Reporting on the use of compensation tools to address potential misconduct risk
The Recommendations are directed to the relevant national supervisory authorities for firms in all financial sectors.
11/26/2018
Implementation of Basel standards
The Basel Committee plans to complete its review of the implementation of the NSFR and the LEX framework for most member jurisdictions by end-2020.
11/26/2018
Ex-IMF chief Rato in dock again in major Bankia trial
The 69-year-old Rato, head of the bank at the time, is accused of falsifying the books and fraud to the detriment of investors.
11/26/2018
Brexit: May gives way over Gibraltar after Spain's 'veto' threat
Spanish prime minister had demanded written assurance as price of support for withdrawal agreement
11/26/2018
Immigration minister under pressure as lawyers fight to bring ex-UBS trader and convicted fraudster back to Britain
Mr Adoboli, who was born in Ghana but has not lived there since the age of four, was sentenced to seven years in jail in 2012 after being convicted of Britain’s biggest fraud which saw him lose UBS $2.3bn (£1.8bn).
11/26/2018
No vulture fund or bank has ever been sanctioned for breaching the code of conduct
The Central Bank said no sanctions have been put in place since the code’s commencement in 2009.
11/26/2018
Europe's Dirty Money Machine Is a Lot Bigger Than First Thought
The head of the Danish regulator, Jesper Berg, told Bloomberg that Danske employees seem to have made little effort to disguise the identity of clients behind the suspicious transactions, meaning correspondent banks should have had some idea of what they
11/26/2018
Business groups give their verdict on EU rubber-stamped Brexit deal
After 18 months of wrangling, Theresa May has finally won approval for her withdrawal deal from the EU's 27 leaders.
11/26/2018
Percival warns advisers not meeting FCA rules
Mr Percival said when clients answered questions about capacity for loss, their answers often spoke about attitude to risk rather than addressing the question at hand.
11/26/2018
Jersey confirms beneficial ownership policy
Stringent requirements for the incorporation of Jersey companies, together with regulation and supervision of trust and company service providers, ensure this information is accurate and current.
11/26/2018
City watchdog steps up its inquiries into ‘crypto’ firms
Bitcoin is the best-known of dozens of virtual currencies that have captured the imagination of millions of ordinary people.
11/26/2018
UBS refuses to pay ex-trader’s £500,000 Libor bill
The June ruling criticised the City watchdog’s decision to go after Mr Hussein and not some of his more senior managers, giving Mr Hussein fresh hope.