09/26/2018
Chelsea FC owner ‘a threat to public security’ in Switzerland
Damning police report into Abramovich’s attempt to secure Swiss residency made public
Legal, Regulation & Compliance
09/26/2018
Not dealing with unexplained wealth orders can have consequences
Whereas, previously, law enforcement had to prove in court that an asset was purchased with laundered funds, unexplained wealth orders shift the burden of proof to the property’s owner.
09/26/2018
Hargreaves Lansdown broke Mifid rule
A spokesman for the company stated in accordance with Mifid II it had written to, and emailed, clients affected by this rule.
09/26/2018
Russian banks to be able to block suspicious money transfers
The signs of unauthorized transfers should be defined by Russia’s Central Bank.
09/26/2018
Ex-Deutsche Bank Trader Pleads Not Guilty to Spoofing
Chanu is seeking to be released on bond to Dubai in the United Arab Emirates, where he currently works at a trading company, his lawyer said.
09/26/2018
Blenheim Capital Group founder told to pay wife or face jail
A judge had approved the agreement and ordered Mr Rogan to pay.
09/26/2018
European countries have been 'oblivious' in fighting money laundering, says Latvian minister
The Latvian ABLV, the Danish Danske Bank and the Dutch ING have all recently been involved in scandals over money laundering and financial crime.
09/26/2018
ECB speech on interest rate benchmark reform
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ECB’s Money Market Contact Group meeting, Frankfurt am Main, 25 September 2018
09/25/2018
EU lawmakers move to tighten rules on London-based investment banks
The proposed new rules would reduce the scope of the so-called equivalence regime, which allows foreign financial firms to operate in the EU without branches there if regulations in their home countries are seen as equivalent to those in the EU.
09/25/2018
Deutsche Bank warned over money-laundering as auditor appointed
German watchdog brings in KPMG to ensure the bank does more to uncover hidden cash
09/25/2018
Tesco Bank faces huge fine as FCA gets tough over cyberattacks
The banking arm of Britain's biggest retailer is contesting a proposed £30m-plus fine from the City watchdog, Sky News can reveal.
09/25/2018
EBA launches its 2018 EU-wide transparency exercise
In 2018, the sample of banks will be aligned with the one used for the 2018 EBA RAR and the exercise will be based exclusively on supervisory reporting data.
09/24/2018
Services to asset managers are now the biggest growth driver.
On the regulatory side, things have changed as well over the past years.
09/24/2018
Regulator says scandal bank board 'heads are on the block'
CEO Thomas Borgen, 54, has resigned and Chairman Ole Andersen says that several employees have been reported to the police.
09/24/2018
Former Deutsche Bank trader said arrested in Italy
“We confirm Andreas Hauschild was arrested on a European arrest warrant last month in Italy."
09/24/2018
Maples and Calder in Jersey becomes TISE Listing Member
This new membership serves as a welcome addition to Maples and Calder's provision of specialist listing services for the Cayman Islands and Ireland.
09/21/2018
GDPR made it impossible for banks to provide advisory services
GDPR has forced banks to reconsider the data they collect and how it’s being used.
09/21/2018
Digital wealth manager launches partnership with venture capital firm
Tiller Investments, the online wealth manager, has struck an agreement with West Hill Capital.
09/21/2018
Dutch asset managers join class action against Volkswagen
Other Dutch pension funds and providers declined to state whether they were among the litigants.
09/21/2018
Murder for £10 BILLION fortune
Janowski allegedly spent €250,000 to hire contract killers