03/31/2018
Ten defendants, including City bankers and financial advisers involved in selling the scheme through Zeus, had previously been charged with cheating the public revenue, an offence that can lead to lengthy custodial sentences.
03/30/2018
Investors claimed HSBC colluded with banks to reduce payments
03/30/2018
However, the Central Bank said it identified failures by BCWM which has admitted to the breaches regarding necessary arrangements for opening client asset accounts.
03/30/2018
As UK courts reshape the landscape of privilege law in the internal investigations context, a recent decision offers guidance but not clarity.
03/29/2018
The Treasury Select Committee said it will investigate the scale of money laundering in Britain following claims the UK – in particular the London property market – has become the “destination of choice” to launder money.
03/29/2018
Franklin Templeton, Kames and HSBC among funds yet to back greater disclosure initiative
03/29/2018
If it were right, the sophisticated criminal would be astute to apply the proceeds of his criminality
03/29/2018
The Committee is now welcoming written evidence. Witnesses for oral evidence sessions will be announced in due course.
03/29/2018
The week generated some common themes:
03/28/2018
Latvia has also moved to ban shell companies - entities often used in money laundering.
03/28/2018
Minimum contributions will increase again from 6 April 2019, to 5% for employees and 3% for employers.
03/28/2018
GDPR to take effect on 25 May
03/28/2018
The trouble is that truth and accuracy are often at odds with optics.
03/28/2018
The UK government is to publish legislation to introduce the world’s first public register of beneficial ownership register of overseas companies and other bodies that own UK property or participate in UK government procurement.
03/28/2018
TruFin plc is the holding company of an operating group comprising three growth-focused businesses in FinTech and banking
03/28/2018
Following this authorization, UBA is now the only Sub-Saharan African bank to conduct banking activities in New York and London
03/28/2018
The oligarch was served with an “unexplained wealth order”, under the new Act.
03/28/2018
Lloyds Banking Group was today ordered to pay its former chief executive £1.35m in shares after he won a legal battle against the company.
03/27/2018
Aberdeen Standard Investments behind Provident Financial lawsuit: source
Provident had almost 2 billion pounds ($2.8 billion) wiped off its market value last August
03/27/2018
SQN debt fund hopes to win back investors with £40m cash
Problems at two of its investments – US solar cell manufacturer Suniva, which went bankrupt; and Snoozebox, the maker of modular accommodation, which was forced into administration – further punished the shares which earlier this month slid to