03/23/2022
Court rules ‘reasonable endeavours’ requirements do not force companies to avoid sanctions
The High Court of England and Wales ruled the ‘reasonable endeavours’ provision in the force majeure clauses within a contract between a shipping owner
03/23/2022
The enforcement notice provides guidance to the crypto industry on how to remain compliant; it also warns that the ASA will monitor for compliance and implement sanctions if there is no improvement.
03/23/2022
The FOS states that the award limit is the maximum amount it can require a financial services firm to pay when they uphold a complaint.
03/23/2022
The government has been working for some time to get a general extradition agreement between Denmark and the United Arab Emirates.
03/23/2022
"All of (Alisher) Usmanov's properties were settled into the irrevocable trusts long before the sanctions came," a spokesman says.
03/23/2022
Aggregates levy is charged at a flat rate of £2 for every tonne of rock, sand or gravel extracted, and proportionally for any amount under that weight.
03/23/2022
In the letter, the CMA highlights the remaining items to be implemented and asks the OBIE to continue to monitor and provide updates on progress.
03/23/2022
The EBA found that most competent authorities in its sample were committed to strengthening their approach to AML/CFT supervision, with almost all growing their AML/CFT teams and expecting to further expand them in the future.
03/22/2022
The Financial Ombudsman Service (FOS) has published a statement confirming an increase to its award limits.
03/22/2022
This has the potential to reduce reliance on intermediaries and, correspondingly, the costs and time taken to process cross-border transactions.
03/22/2022
This means that amongst others, those applying for Portuguese citizenship as descendants of expelled Jews need to present proof of frequent visits to the country or inherited property there.
03/22/2022
If a service provider supplies services that are not typically thought of as outsourcing but are delivered to PRA-regulated customers, those services may still be caught by the PRA’s framework.
03/22/2022
To support firms in their planning processes, we are today providing additional clarity on our intended timetable.
03/21/2022
For complaints referred to the FOS between 1 April 2019 and 31 March 2022 about acts or omissions by firms on or after 1 April 2019
03/21/2022
Isle of Man tax avoidance promoter fined £150,000
HMRC counter avoidance director Mary Aiston said: “We are committed to ensuring everyone pays the tax they legally owe. We will not allow companies to simply ignore their legal duty.
03/21/2022
This report contains the Tax Justice Network’s proposed amendments to improve the EU’s draft Anti-Money Laundering (AML) Package with regard to beneficial ownership registration.
03/21/2022
The Act also amends Commission Delegated Regulation ((EU) 2021/2178) concerning the information to be disclosed by large non-financial and financial undertakings.
03/21/2022
Lloyds breached the order 10 times, also through publishing inaccurate information.
03/20/2022
Sale of stake in Alfa Bank’s owner is said to be delayed
03/20/2022
The central bank found $420 million in deposits and $2.5bn in custody or trust assets “with ultimate beneficial owners from or connected to Russia” in Bahamian financial institutions that are licensed to serve foreign clients.