06/23/2014
Documents Said to Tie Former RBS Unit to bin Laden Family Members
Royal Bank of Scotland Says It Didn't Do Business With Osama bin Laden
Legal, Regulation & Compliance
06/23/2014
Jersey Financial Services Commission proposes to amend Money Laundering (Jersey) Order 2008
The Commission’s objective has been to apply international standards in a way that is consistent with neighbouring territories, and the money laundering and terrorist financing risk present in Jersey.
06/23/2014
Maitland launches AIFMD fund platform in Luxembourg
MS Management Services, a Luxembourg-based subsidiary of the Maitland group, has been authorised by the CSSF to act as an alternative investment fund manager
06/20/2014
Regulator warns Deutsche Bank over commodity trading controls
Germany's financial watchdog has warned Deutsche Bank that the lender had insufficient controls in place to prevent manipulation of commodity prices, as commodity markets come under increased scrutiny from global regulators
06/20/2014
National law firm makes strategic hire with wealth expert
National law firm is growing its wealth protection team with the strategic hire of Jane Whitfield. Jane joins Shoosmiths from Wellers Law Group where she was senior solicitor in the private client and charity law teams.
06/20/2014
Management buy-out of Ogier Fiduciary Services completes
This means that with immediate effect Ogier Fiduciary Services and Ogier are two independent businesses.
06/20/2014
Osborne’s attack on financial markets abuse
The first announcement in the chancellor’s speech was a Fair & Effective Markets Review
06/20/2014
The Wealth Finance Brief by Field Fisher Waterhouse
In our first article, the recent tensions in Ukraine have prompted us to consider the implications of financial sanctions for lenders on their existing facilities and documentation.
06/19/2014
Charles Stanley profits fall 33%
It said it is expecting "no liability" from the legal dispute
06/19/2014
Collas Crill advise Malaysian investors on buying UK property
Many investors look to the Channel Islands to structure their investment and for conveyancing advice before they buy.
06/19/2014
Russia's VTB says Bank of England withdraws many demands over its UK business
"The majority of the demands have been withdrawn, and we are on a path to the withdrawal of the remaining ones," VTB's chief financial officer Herbert Moos said at the bank's annual shareholder meeting.
06/18/2014
Ex-Deutsche salesman says was told to mask Japan pension expenses
Japanese law treats officials at pension funds that manage public money as the equivalent of public servants, meaning that spending to entertain and win business from them can be prosecuted as bribery.
06/17/2014
Hungary Court Says Banks Should Be More Transparent With Forex Loans
Ruling Says Exposing Customers to Foreign-Exchange Risk Wasn't Unfair
06/17/2014
Debevoise finance partner to take up residence in London
He is a member of the firm’s international finance team and focuses on acquisition and leveraged buyout financings, corporate finance and domestic and international structured and project financings.
06/16/2014
Millionaire Official Sues Navalny Over Offshore Report
In a blog entry, Navalny dismissed Liksutov's explanations as lies
06/16/2014
U.K. Prosecutor Raids Triple After Years of Bungled Cases
The U.K. Serious Fraud Office tripled the number of raids it carried out in the last year, in a sign the agency is trying to rebuild its image as a tough prosecutor after years of collapsed cases.
06/16/2014
Financial Conduct Authority fines Credit Suisse and Yorkshire Building Society for financial promotions failures
Firms failed to ensure financial promotions were fair and not misleading.
06/16/2014
Greenpeace Loses Millions in Rogue Employee Forex Contract"
An employee at Greenpeace has lost the environmental charity €3.8m on foreign exchange management contracts, it has revealed ahead of the publishing of annual accounts.
06/13/2014
Understanding Basel III with the CRD IV navigator
Basel III was developed by the Basel Committee on Banking Supervision in response to the global financial crisis. It is the biggest regulatory change that the banking industry has seen in decades.
06/13/2014
Will Mifid II ban exchange front ends?
One reading of a small clause in the discussion paper suggests big changes