10/12/2017
French probe Danske Bank link to alleged Russian fraud
Investigation into suspected money laundering connected to Magnitsky case
Legal, Regulation & Compliance
10/12/2017
Impact of Mifid II on fund fees might be unclear into next year
The European regulation comes into effect from 3 January.
10/12/2017
Linklaters Warsaw awarded the best law firm office in Poland by CBRE
We are delighted to have been recognised in this way.
10/12/2017
Allen & Overy makes equity investment in fintech company Nivaura
Nivaura’s tech solution will make it affordable for SMEs to access funding through the capital markets.
10/11/2017
Russia's Sberbank considers Islamic finance entity, to propose regulatory change
Vnesheconombank and Tatfondbank are also developing Islamic finance products.
10/11/2017
Herbert Smith Freehills - Financial regulation update
ECON approves Commission proposal to amend BRRD
10/11/2017
UBS Suffers Setback in Bid to Thwart French Tax Evasion Case
It could have been in a position to thwart the process.
10/11/2017
Hedge fund manager loses multi-million pound tax battle
Patrick Degorce, the co-founder of The Children’s Investment Fund, faces a £7.5m tax bill
10/11/2017
Mifid II regtech secures €1m funding round
Investment comes as regtechs are seeing demand for their products increase as the deadline for Mifid II looms
10/11/2017
King of Ghana handed £350,000 in cash to British bank official who was then sacked from his job for 'money laundering'
Ghana International Bank executive Mark Arthur was fired after laundering fears
10/11/2017
Russian oligarch had ‘sham’ offshore trusts, UK High Court rules
Former ‘Kremlin banker’ sheltered wealth in New Zealand with intention to mislead, says judge
10/11/2017
British Film Financier ‘Demands Return Of US$45 Million Investment’
It shows the damage done to a Hollywood brand that for years was able to compete on equal terms with the major studios, winning the Oscar for best picture five times in 16 years.
10/10/2017
Celebrity financial adviser in court over rape charge
His company claims to manage investments worth £100m.
10/10/2017
Herbert Smith Freehills - Financial regulation update
MiFID II: Updated transposition status
10/10/2017
Clock ticks down on EU’s Mifid reform
Even experts are unsure how new European rules governing financial services will work
10/10/2017
EU parliament head challenges ECB over bad loan guidelines
I would urge you to take all steps in order to ensure that parliament’s prerogatives as co-legislator are duly respected.
10/10/2017
FCA drops probe into former Barclays executive
It is common practice for the FCA ban individuals with a fraud convictions from holding regulated positions within the City.
10/10/2017
The UK Plows Ahead in Implementing PSD2 Compliant Open Banking
Paradoxically, the UK will probably be ahead of the European Union (EU), that it is scheduled to leave, in implementing the EU’s Payment Service Directive (PSD2), one of the major advances towards open banking.
10/10/2017
EU Markets Watchdog Urges Firms to Prepare for New Trading Rules
Many market participants already have LEIs under EU rules already in force.
10/10/2017
Vatican Bank seeks damages in Maltese court
Since the election of Pope Francis in 2013, the IOR is reported to have closed thousands of accounts as part of a major clean-up effort.