03/14/2022
World’s Central Banks Set Policy for Economies Shaken by the War
Fed takes center stage among eight members out of Group of 20
Legal, Regulation & Compliance
03/14/2022
Joint statement from UK financial regulatory authorities on sanctions and the cryptoasset sector
The FCA has already written to all registered cryptoasset firms and those holding temporary registration status to highlight the application of sanctions on various entities and individuals.
03/14/2022
Will FCA proposals to improve access to advice be successful?
While some of these people will have reasons for doing so, we take the view that many of them simply do so because they are either unable to access an investment product or are unwilling to do so.
03/14/2022
European financial institutions turn their back on Russia
Deutsche had argued that it needed to support multinational firms doing business in Russia.
03/14/2022
Supreme Court finds in favour of right to privacy for those subject to criminal investigation
The Court of Appeal upheld this decision.
03/14/2022
Investors face conundrum on government bond allocations
On the one hand we are facing inflation that is clearly not a mere transitory headwind and the current commodity price surge is adding to longer term inflationary fears.
03/14/2022
Financial Regulation:Daily Update
The statement also outlines steps firms can take to reduce the risk of sanctions evasion via cryptoassets.
03/14/2022
Financial Services and Banking News
This policy statement contains feedback on the responses to its November 2021 Consultation Paper (CP) 21/21; and outlines the PRA's final policy following this consultation.
03/13/2022
JFSC: 386 new Russian sanctions designations have immediate effect
Due to the increasing volume of designations and their immediate effect in Jersey, we will now be flagging their source to Industry as soon as we become aware via our website and shared on our social media channels.
03/13/2022
Directors’ considerations amidst geopolitical unrest
We highlight the growing considerations of company directors having business operations, directly or indirectly in Eastern Europe.
03/13/2022
Warning on illegal crypto ATMs operating in the UK
The judge concluded that there was a ‘lack of evidence as to how Gidiplus would undertake its business in a broadly compliant fashion’.
03/13/2022
Financial Regulation Daily Update
The FCA provides an updated view
03/13/2022
FCA response to Chancellor’s call to stop investing in Russia
Major index providers have taken steps to remove Russian securities from their equity and bond indices.
03/13/2022
White & Case to Close Moscow Office
After careful consideration, we have decided to close our Moscow office.
03/11/2022
Ukraine Crisis: New US Sanctions on Russia and Belarus
Since then, the United States, along with its partners and allies, has announced a variety of new sanctions targeted at the Russian financial sector, Russian oligarchs with close ties to the Russian government and stringent export controls on technology,
03/11/2022
Abramovich and Deripaska among 7 oligarchs targeted in estimated £15 billion sanction hit
The UK has announced sanctions against 7 oligarchs including Roman Abramovich and Oleg Deripaska.
03/11/2022
Is the UK Government considering a visa ban on nationals of Russia and its allies?
A third reading of the bill will take place on Monday 14 March 2022, following which the bill could receive Royal Assent and become law in a matter of days.
03/11/2022
FATF Public Statements
A copy of these documents has been uploaded on the FIAU’s website under ‘Country Statements’.
03/11/2022
EU Data Act: new rules for data exchanges between businesses, users and third parties
Data generated by using online or mobile services are of equal economic value, for example data from any app using location data.
03/11/2022
Russian Central Bank Suspended From Umbrella Organization
In recent years, it has hosted and supported the development of digital financial instruments and set up an innovation hub network across the globe.