10/07/2021
FATF - Consolidated assessment ratings
FATF and FSRBs conduct peer reviews on an ongoing basis to assess how effectively their respective members' AML/CFT measures work in practice
Legal, Regulation & Compliance
10/07/2021
Swiss Wealth Manager Urges Against Condemning the Wealthy in Response to Pandora Papers
Ralf Rickard Danbrandt of Ibex Capital Partners says the leak unfairly punishes innocent people and stresses that holding assets offshore is not illegal.
10/07/2021
FCA sticks to bias training despite govt 'phase out'
It also said it did not have any data by which results could be measurable or quantified.
10/07/2021
Financial services regulatory update - October 2021
Additionally, the FCA will be regulating more data-heavy businesses, moving towards becoming a data and digital first regulator.
10/07/2021
After Pandora Papers, EU says it plans new rules against tax avoidance
The tax discussion at the plenary session of the EU parliament was added to the agenda
10/07/2021
EBRD welcomes Moldova’s commitment to reform and pledges investment
The Bank is a leading institutional investor in Moldova
10/07/2021
UK Corporate Structure: Which Entity?
Once you have decided on the UK as the ideal destination for your business, you’ll need to decide which corporate structure is best for your company.
10/06/2021
Guernsey discrimination law update: Where are we now?
In the interests of best practice, many employers already ensure equivalence of rights between Guernsey and the UK, and will therefore have anti-discrimination policies in place.
10/06/2021
EU attacked over blacklist decision to drop three jurisdictions
Nine jurisdictions remain on the EU list of non-cooperative jurisdictions (Annex I): American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu.
10/06/2021
Financial Regulation: Daily Update
The report also proposes additional guidance on how certain aspects of the PFMI apply to the novel features of SAs.
10/05/2021
Assessing value for money in workplace pension schemes and pathway investments: requirements for IGCs and GAAs
hese new rules are a step towards a more systematic and transparent framework for assessing VFM in pensions, which will enhance IGCs’ ability to compare pension products and drive VFM on behalf of consumers they represent.
10/05/2021
Financial Regulation: Daily Update
The final rules come into force on 4 October 2021, and firms and IGCs will have until the end of September 2022 to publish their next report.
10/05/2021
Public country-by-country reporting: new transparency requirements
The information should be publicly disclosed on a country-by-country basis for European Union Member States and for black listed or grey listed jurisdictions.
10/05/2021
Non-financial misconduct and whistleblowing: impact of the amended ESMA/EBA guidelines (podcast)
In this podcast episode we discuss the impact on the regulation of non-financial misconduct of recent proposed amendments to joint ESMA/EBA guidelines.
10/05/2021
Giambrone & Partners' banking and financial fraud team has won a significant Battle for Jurisdiction in a six-figure Investment Scheme Case
The jurisdiction our banking and financial lawyers recommended is that of England and Wales.
10/05/2021
EBF calls for regulatory clarity over proposed EU-level AI rules
The Act aims to develop an ecosystem of trust for AI in the EU, which encourages investment, aims to strengthen competitiveness and ensures that AI systems respect fundamental rights and EU values.
10/05/2021
How America’s biggest law firm drives global wealth into tax havens
Baker McKenzie has been a pioneer in corporate tax dodging. It now acts for notorious tycoons, arms makers and authoritarian regimes operating in the shadow economy.
10/05/2021
Liquidator Investigations And Witness Immunity
An integral part of an insolvency office holder's role is to investigate the circumstances that led to the insolvency and identify realisable assets and claims against wrongdoers to make recoveries, increasing distributions to stakeholders.
10/05/2021
Burges Salmon launches innovative new technology platform, BScale
Firm launches BScale, supporting fast-growth technology companies from start-up, to scale-up and through to exit
10/05/2021
Financial Regulation: Daily Update
Participants will continue to engage on these topics, as well as on other topics of mutual interest, ahead of the next Forum meeting, which is expected to take place in early 2022.