10/08/2021
NatWest pleads guilty in criminal proceedings
These regulations require certain firms, including those regulated by the FCA, to ensure they have adequate anti-money laundering systems and controls to prevent money laundering.
Legal, Regulation & Compliance
10/08/2021
Financial Crime: analysis of firms’ 2017-2020 REP-CRIM data
A key approach of the FCA, as set out in the business plan, is collaboration and partnering with others, such as government and other authorities, including law enforcement, to achieve more in raising standards across the regulated sector.
10/08/2021
Financial Regulation: Daily Update
This analysis aims to provide Money Laundering Reporting Officers and industry practitioners with insights on trends and developments, which should help inform the arrangements and risks of their respective firms.
10/08/2021
MPS provider handed £1m tax refund
You Asset Management, formerly Beaufort Investments, was refunded £1.1m after the taxman concluded discretionary fund manager’s model portfolios should be exempt from VAT.
10/08/2021
Regulating for better outcomes - next steps in consumer credit
Those consequences have been more severe for those in difficult financial circumstances, and millions more people now find themselves in that situation.
10/08/2021
Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements
Progress Report on the implementation of the FSB High-Level Recommendations
10/08/2021
EU must step up its game against harmful tax practices, says Parliament
The governance would also need to be reformed to make decisions binding and the decision-making process more transparent and efficient.
10/08/2021
Overview of joint and several liability notices for tax avoidance, tax evasion and repeated insolvency
This guidance is about the ‘Joint and several liability of company directors etc’ legislation
10/08/2021
Banks Ditching Clients Due to ESG Risks
The European Central Bank has recently said that banks have been too slow in addressing risks
10/08/2021
FCA said to be preparing enforcement against ACD after probe
Fund administrator Way Fund Managers is being issued with special enforcement by the City watchdog, Citywire Wealth Manager understands.
10/07/2021
Walkers and Tramontana Shortlisted for the Financial Times Europe Innovative Lawyers Awards 2021
The 2021 awards include 109 shortlisted entries across 14 categories submitted by 62 law firms operating in Europe.
10/07/2021
Quillon Law launches in London
Leading litigators join forces to create specialist disputes practice
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
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.