03/19/2017
Nordea, Handelsbanken to face no new punishment over Panama Papers scandal
Nordea and Handelsbanken were fined 50 million Swedish crowns ($5.7 million) and 35 million crowns respectively in 2015 for breaching money laundering rules.
Legal, Regulation & Compliance
03/17/2017
Herbert Smith Freehills - Financial regulation update
FCA regulation round-up
03/17/2017
HSBC's Gulliver Faces Tax Probe After Losing Court Ruling
Her Majesty’s Revenue & Customs isn’t making any allegations of impropriety against the HSBC CEO.
03/17/2017
CMS Cameron McKenna and Pinsents to share £1m legal fees for KWM collapse
CMS UK expected to bill more than £800,000 for advice to administrators on KWM
03/17/2017
Dutch election results bring temporary relief, optimism to European money managers
The threat of deflation also appears to have been avoided, with inflation now approaching the European Central Bank's 2% target
03/17/2017
Law firm Addleshaw Goddard picks fintech startups for mentoring programme
Addleshaw Goddard is not the only law firm keen to woo members of the vibrant fintech scene, building relationships that could one day yield valuable business.
03/17/2017
Theresa May rejects calls for pre-Brexit Scottish referendum
I suspect history will look back on today and see it as the day the fate of the union was sealed.
03/17/2017
Appleby advise Tritax big box reit plc on £90 Million loan facility and restructuring
The Facility is secured against a portfolio of three standing assets and one forward funded asset.
03/17/2017
The Bank needs a reboot to cope with Brexit
Hogg’s appointment as deputy governor ended in farce and exposed a lack of radical thinking in Threadneedle Street
03/17/2017
Can the FCA make IPOs honest?
This in turns leaves investors at the mercy of connected analysts within banks.
03/17/2017
Irish banking watchdog has regained trust since financial crisis
But it wasn't in financial services.
03/16/2017
Streamlined funds regime welcomed as enhancing Jersey’s competitiveness
The framework ensures continued compliance with international standards by requiring the appointment of a Jersey-based administrator.
03/16/2017
Swiss Supreme Court rules on stolen data in international tax assistance procedures
In the present case, the bank data were collected by former UBS employees in France who wanted to put an end to illegal tax practices of the bank.
03/16/2017
Andorra bank seeks probe after U.S. Treasury forced closure for 'money laundering'
The USA Patriot Act, passed in response to the 9/11 attacks, gives FinCEN the power to label companies as aiding and abetting money launderers without going through a court process.
03/16/2017
Herbert Smith Freehills - Financial regulation update
MLD 4/WTR – HMT consultation on Money Laundering Regulations 2017
03/16/2017
Self-styled King of Germany sentenced to almost four years in prison
The prosecution had accused him of spending around 1.3 million euros for his own purposes.
03/16/2017
Caxton Associates is one of the few hedge funds expanding in London
Caxton Associates has been hiring in senior employees over the past few months.
03/16/2017
JFSC launches Jersey Private Fund Guide to modernise Island’s funds regime
The launch of Jersey’s new single private fund product will see the phasing out of all other Jersey private products although existing private funds will be able to continue to operate until the end of their natural life.
03/16/2017
Van Lanschot releases annual report for 2016
The annual report also notes the impending name change of the group later in the year.
03/16/2017
Norway makes big money on sanctioned Russian bank
Value of the Norwegian Oil Fund’s investment in Sberbank has doubled over the last year.