06/04/2021
Woman facing jail after admitting £5m money laundering offences
Tara Hanlon was stopped as she tried to board a flight to Dubai in October 2020 with five suitcases containing more than £1.9m in sterling notes.
Legal, Regulation & Compliance
06/04/2021
Carey Olsen wins China Business Law Award for dispute resolution
This latest recognition for Carey Olsen's Hong Kong and Singapore offices follows the firm winning two deal of the year awards from China Business Law Journal
06/04/2021
Ashurst advises Warburg-HIH Invest on acquisition of office and administrative property development near Cologne
The parties agreed not to disclose the purchase price.
06/04/2021
Linklaters advise TUI GROUP UK Pension Trust on c £800m double buy-in transaction with Legal & General
The Linklaters team was led by Carol Jones, a consultant in the pensions practice and included managing associates Sarah Opie and Elizabeth Forbes.
06/04/2021
EU must address passporting 'urgently' as many expats denied advice
Stanfield pointed out there are different regimes in various countries across Europe but none of them offer the same, relatively easy, continuation options - and some offer, quite literally, nothing at all.
06/04/2021
Rothschild hires Credit Suisse heavyweight to lead Midlands launch
Rothschild & Co has hired Credit Suisse’s head of ultra-high net worth in the UK to lead a new wealth team across the Midlands region.
06/03/2021
Modernisation of the Luxembourg Securitisation Law
The Luxembourg Securitisation Law of March 2004 required an update.
06/03/2021
EU to Force Multinationals to Report Revenue in Each Country
Rules apply to companies with revenue over 750 million euros
06/03/2021
Crypto firms fall short on anti-money laundering rules, UK watchdog says
The cryptocurrency world has been plagued through its 12-year life by lax standards on money laundering and other illicit activities.
06/03/2021
Banker Flew Jet to U.K. and Found Cops Waiting With U.S. Charges
Peter Weinzierl wanted by U.S. on money laundering allegations
06/03/2021
Carey Olsen and Praxis Fund Services support Taylor Maritime Investments on London Stock Exchange listing
Following its admission to trading, Taylor Maritime Investments has confirmed the simultaneous acquisition of 17 vessels from multiple vendors.
06/03/2021
LIBOR Cessation: Investment Managers Look to the Future
It isn’t controversial to suggest the transition away from LIBOR will have a significant impact on operational workflows.
06/03/2021
EU Cross-Border Fund Distribution Rules - Are You Ready?
Despite the looming August 2021 deadline, to date, there has been quite a low level of local implementation across EEA Member States.
06/03/2021
Temporary Registration Regime extended for cryptoasset businesses
The extended end date will allow cryptoasset firms to continue trading while the FCA continues with its assessments.
06/02/2021
EDPB adopts opinions on first transnational Codes of Conduct for cloud service providers
It is expected that the Belgian and French data protection authorities will now finalise their decisions to approve the codes.
06/02/2021
Announcement: HM Treasury to extend PRIIPs exemption for UCITS funds for five years
This announcement is being made now to provide certainty for industry and investors regarding the disclosures UCITS funds providers will have to make to retail investors beyond the end of 2021.
06/02/2021
Fraud claims over Scottish ‘mini-umbrella’ firms with directors in Philippines
New research estimates that about 600 “mini-umbrella” companies have been set up to take advantage of the employment allowance
06/02/2021
The future of RegTech – what do firms really want?
Increased efficiency created by implementing RegTech solutions was the next most commonly cited benefit, improving the company’s position and staying competitive.
06/02/2021
Bank of France Steps Up Call for Disclosure of Climate Risks
The G-7 this weekend will debate how strict rules it should make rules on requiring companies to measure and detail risks they have coming from climate change.
06/02/2021
Banker first to be jailed in German tax fraud scandal
The regional court is hearing several cases over the so-called "cum-ex" scandal, in which bankers are accused of helping clients claim multiple rebates by shuffling ownership of shares on the day dividend payments fell due.