06/22/2018
AMLD5 brings new challenges for ‘obliged entities’ including financial institutions, tax professionals, providers of virtual currencies and those trading in luxury goods – such as art dealers.
06/22/2018
Germany’s largest bank seems doomed to fail the review by US regulators, causing further damage to its reputation and loss of key personnel.
06/22/2018
In March, Mossack Fonseca announced it would be shutting down due to the economic and reputational damage inflicted by the scandal.
06/22/2018
The scheme was first introduced as a pilot in London during October 2016, before a national roll-out began in May 2017.
06/22/2018
Despite spending $17 billion, the bank still has 5 of its biggest cases outstanding and has set aside $2.9 billion for litigation provision 1st qtr.
06/22/2018
The report reviews G-SIBs' progress in implementing the Principles in 2017. A previous progress report, published in March 2017, assessed implementation during 2016.
06/22/2018
The firm aims to offer its lawyers as "supervisor sherpas," guiding clients through the Eurozone's evolving regulatory landscape.
06/22/2018
Legal services will be provided in employment law, tax litigation and immigration.
06/22/2018
Those who have already acquired indefinite leave to remain or permanent residence will have to apply to the Jersey EU Settlement Scheme in the same way as all other EU citizens
06/21/2018
While the court dismissed his suit and ruled that Hussein had offered misleading testimony, it also reserved criticism for the way that the FCA had targeted its investigation and regulatory action.
06/21/2018
ESMA and National Competent Authorities (NCAs) have since observed a significant increase in the LEI coverage for both issuers and clients.
06/21/2018
The process will begin with a questionnaire issued to a number of different firms, followed by regulator visits to firms to meet management.
06/21/2018
Although their names were not mentioned, public TV identified one of them as Bank of Latvia Governor Ilmars Rimsevics.
06/21/2018
Boutique law firm launched in Liverpool
Nama Zarroug specialises in criminal defence and regulatory litigation.
06/21/2018
"We look forward to providing on-going professional advice and support to the private and government sectors in Zimbabwe and beyond.”
06/20/2018
Prior making the deal, Primonial had €2 billion in assets under management within the two subsidiary groups.
06/20/2018
When providing discretionary portfolio management services and independent investment advice to clients, investment firms cannot receive any benefit or commission that may be considered an inducement.
06/19/2018
FCA: Our response to Law Commission recommendations on pension funds and social investment
In June 2017, the Law Commission made recommendations to Government and us on Pension Funds and Social Investment. A final joint response to this has now been published.
06/19/2018
The FCA did say some providers were not presenting open market options for consumers in good time before they buy drawdown products and charges were also not ‘always consistently highlighted’.
06/19/2018
Sibson went on to say that Bermingham contacted his own assistant to write to the European Banking Federation to "escalate" Barclays' concern that banks were putting in rates that were "dishonest, that were not justified by where cash