Managers of Wealth Europe

PRA PS30/18 – regulatory reporting

The PRA has made the changes to the PRA110 reporting instructions as proposed in CP16/18.

Anti-money laundering analysis: UK FCA and EU blacklists update

The FCA has required some 2,000 of the largest UK firms to submit an annual Financial Crime Return (FCR).

UK 'golden visa' scheme to be suspended due to corruption fears

Applicants must have assets of £2m or more to invest in active companies from 2019

Switzerland faces stark choice on EU integration deal

Moves on institutional framework agreement will have implications for Brexit Britain

FCA finds 'disappointing' lender practices on arrears

FCA publishes findings on long-term mortgage arrears

UK Tier 1 Investor visa scheme to be suspended at midnight

The new scheme will be introduced as part of wider Government measures to tackle serious organised crime.

Charges pressed dutch banks russian money laundering case: report

Browder has been working for years to get international legislation in place against the Russian instigators of corruption and fraud.

Emerging central banks notch up 7th straight month of rate hikes

The bank has now hiked rates by more than 4 percentage points since January.

CAB to seize funds from company that sold encrypted phones

The High Court today granted the CAB orders which allow it to hand the money in the Dublin accounts over to the State.

Establishing a family office in the UK for an overseas family

Running a UK family office has unique issues, says Irwin Mitchell Private Wealth’s Alex Ruffel

German criminal probe zeroes in on tiny unit sold by Deutsche Bank

Business being investigated was barely profitable and put up for sale in 2016

FCA publishes Decision Notice against former CEO of Sonali Bank (UK) Ltd for AML failings

The Tribunal’s decision will be made public on the Upper Tribunal website (link is external).

ScamSmart prompts tens of thousands of pension holders to seek information

Victims of pension scams last year lost an average of £91,000 each to fraudsters.

BNP Sued by Woman Who Says Outspokenness Led to Discrimination

Angelina Georgievska sues at London employment tribunal

SFO charges failed — but Barclays did not get off lightly

It is hard to bring cases against companies, but compliance problems can still be time-consuming and damaging

LK Shields and Kilroys merge to tap growth

The team joining us from Kilroys share our core values, most important of which is a commitment to providing high quality and commercially focused advice to our clients.

Over 2,000 Irish investment funds being investigated

Central Bank mainly concerned with ‘closet indexing’ in case customers being mislead

Director gets 14-year ban over precious metals investment con

This ruse meant customers had no stake in any of the gold, which was sold to pay the running costs of a separate business.

How Safe Are Europe’s Banks? Right Now, It’s Hard to Tell

The EU’s stress-testing rules aren’t strong enough.

UK watchdog cautions banks over hasty Brexit moves

UK regulators have written to banks to say they must ensure that any shift in non-EU business was in the interests of the client and not because of pressure from regulators to be more self-sufficient on the continent

Legal, Regulation & Compliance