10/14/2018
Universal Wealth Management: Police probe Ipswich firm
They have since been released but remain under active police investigation.
Legal, Regulation & Compliance
10/14/2018
Head of British standards-setting body warns of rise in AI risk to financial markets
The global algorithmic trading market is expected to grow to US$18.16 billion by 2025 from US$8.79 billion in 2016 – but are the technology, artificial intelligence and electronic trading systems involved regulated strictly enough?
10/12/2018
The new ‘McMafia’ law will go some way to tackling corruption, but Brexit plans could make it even worse
You want money laundering? You got it.
10/12/2018
London remains a safe haven for the world’s dirty cash
The government’s new unexplained wealth orders are a hopelessly weak weapon against money laundering
10/12/2018
Global Financial Markets Regulatory Review
Reported items include proposed legislation, rule changes, disciplinary actions, litigation, and other news.
10/12/2018
Committee sets out expectations for Bank of England and FCA’s Brexit analysis
The Committee asked the three organisations to publish their analyses in good time before Parliament comes to vote on the Brexit deal.
10/12/2018
Basel AML Index reveals slow progress in combating money laundering
The findings tie into recent high-profile probes involving countries generally considered low-risk.
10/12/2018
Tax, Fiduciary and Philanthropic Requirements in 60 Countries - RESEARCH
A similar report was first produced by the two organizations in 2015.
10/12/2018
Court in France denies UBS bid to drop money laundering charge
After seven years of investigation and aborted settlement talks, UBS will also answer charges that it illegally solicited clients in France
10/12/2018
MOF publishes first draft of Brexit Tax Implementation Act
To mitigate the most disadvantageous tax consequences resulting from Brexit, the draft law clarifies that Brexit itself will not constitute a “harmful event” for purposes of certain German tax law provisions.
10/12/2018
EU mulls blacklisting its own Member States
Lawmakers and campaigners questioned whether countries like Luxembourg, Malta, Ireland or the Netherlands should be considered tax havens due to their tax rules.
10/12/2018
Baker McKenzie admits to shortcomings in sex assault inquiry
The Solicitors Regulation Authority, the profession’s watchdog, is conducting its own investigation into the incident.
10/11/2018
Carey Olsen supports Epiris on launch of £821 million buyout fund
The fund's strategy will be focussed on targeting UK-headquartered business with an enterprise value of between £75 and £500 million, investing between £40 million and £150 million of equity in each investment
10/11/2018
FCA's adviser directory faces fresh fire
The directory is being created to address the problem caused by the introduction of the senior managers regime, which was set to mean only senior managers will appear on the FCA's register.
10/11/2018
Regulations relating to the European Supervisory Authorities and the European Systemic Risk Board
This publication sets out HMT’s approach to regulations relating to the European Supervisory Authorities and the European Systemic Risk Board following the UK’s withdrawal from the EU.
10/11/2018
Ex-billionaire fights bid to foreclose on London home
UBS seeks possession of Vijay Mallya's property, saying that firm that took out £20.4m mortgage has not repaid it
10/11/2018
Dentons launches new interactive tool on Transparency Register laws in major EU markets
“This tool helps companies understand the requirements of the Transparency Register in each EU country so they can take appropriate action.”
10/10/2018
Ex-Billionaire Fights UBS Bid to Foreclose on London Home
Case is the latest legal battle for Indian tycoon Vijay Mallya
10/10/2018
H.I.G. Capital Announces the Sale of FNZ
Under H.I.G.’s ownership, we have successfully partnered to deliver exceptional growth and value creation for our investors, whilst driving down long-term costs for financial institutions and consumers alike.
10/10/2018
HSBC in $765m settlement with US Department of Justice
HSBC's settlement was announced Tuesday by federal prosecutors in Colorado.