09/03/2021
IFLR1000 recognizes Dentons lawyers and practice teams across EMEA
Altogether, 94 lawyers received Highly Regarded rankings and 61 were awarded a Notable Practitioner rating.
Legal, Regulation & Compliance
09/03/2021
UK prioritises US data transfers agreement
The government’s plans in relation to bolstering international data transfers also include the formation of a new International Data Transfers Expert Council.
09/03/2021
UK data protection reform planned
The previous UK Data Protection Act implemented the 1995 EU directive and had been in force since 1998.
09/03/2021
Pilatus wants compensation, alleges corruption in MFSA’s choice for liquidation lawyers
Pilatus Bank owners file World Bank arbitration claim for damages in shuttering of bank in 2019, and claims choice of law firm Mamo TCV was to the benefit of incoming MFSA chairman John Mamo
09/03/2021
Should Swiss Banks Worry About EU Asset Register?
A tender for a feasibility study by the bloc on a potential asset register has sparked fears about the prospect of citizens having to account for every last cent.
09/03/2021
Bird & Bird advises doctari investor Vitruvian Partners on the acquisition of three companies
With this growth and the digital solutions available and to be expanded, the doctari group can aim even more efficiently to optimise and control personnel recruitment and planning in the healthcare sector.
09/02/2021
KPMG Accused of Giving Regulator ‘False and Misleading’ Data
KPMG said it alerted the regulator when it discovered the issues in 2018 and 2019 and suspended the people involved.
09/02/2021
Govt urges advisers to reach out to clients with banking disputes
The BBRS is a non-profit dispute resolution service set up to resolve disputes between eligible SMEs and the seven participating banks.
09/02/2021
Financial services regulatory update - September 2021
The guide is split into four "levels" of measurement, which organisations can choose to apply based on the maturity of the inclusion measurement processes already in place.
09/02/2021
FCA ban on adviser convicted of child grooming upheld by tribunal
The FCA banned Jon Frensham from operating as an adviser in October 2020, more than three years after he was convicted for attempting to meet a child.
09/02/2021
France fines U.S. bank JP Morgan $29.6 mln in tax fraud settlement
The settlement follows a probe opened in 2012.
09/02/2021
Introducing IFD / IFR: A New Prudential Regime for Investment Firms
IFR and IFD entered into force on 25 December 2019.
09/01/2021
Firms reminded about potential financial crime risks linked to Afghanistan
Firms must also comply with their legal obligations under the Proceeds of Crime Act 2002 and the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (‘MLRs’ as amended).
09/01/2021
Pilatus fined record €4.9m for letting millions flow through Malta unchallenged
According to the unit, throughout its operations, the bank had exposed itself and the Maltese jurisdiction to “egregious” money-laundering risks that were not mitigated in any manner.
09/01/2021
DAC Pensions Limited enters liquidation
All consumers should remain alert to the possibility of fraud.
09/01/2021
Financial Regulation: Daily Update
The FCA expects firms to establish and maintain systems and controls to counter the risk they might be used to further financial crime.
09/01/2021
The European Green Deal: When macroeconomics matter
The Green Deal has been created to facilitate this transition, mobilising €1trn over the next decade to tackle climate change.
09/01/2021
Polish banks face risk of more mortgage costs from looming court ruling
The central bank has identified the associated legal risk as a major threat to financial stability.
09/01/2021
English courts confirm extensive remedies available for victims of cryptocurrency fraud
A key part of the legal test as to whether a Bankers Trust order should be made is whether there is a real prospect that the information sought will lead to the location or preservation of those assets.
09/01/2021
IAM obtains Finma licence
While some IAMs have outsourced their compliance, LFA does not view this as the best route.