07/03/2020
Basel Committee finalises AML/CFT guidelines on supervisory cooperation
The revisions set out principles and recommendations for information exchange
Legal, Regulation & Compliance
07/03/2020
DWP Kicks Off Charge Cap Review
The charge cap is an important regulatory tool for ensuring that member-borne administrative costs are fair and reasonable
07/03/2020
Malta's registrar given new powers to check beneficial ownership
The Registrar can now also demand that a company hands over any document or information to confirm the beneficial ownership report it has submitted.
07/03/2020
FCA policy statement on final regulated fees and levies for 2020/21
The Ministry of Justice (MoJ) has launched a consultation seeking views from the legal sector, business, and the judiciary on which British courts should have the power to depart from retained EU case law following the Transition Period.
07/03/2020
Former Barclays CEO John Varley grilled on negotiations with Qatar in High Court
On the first day of Varley's testimony, Staveley’s attorney pressed him on the blue-chip bank’s negotiations with Qatar
07/03/2020
Brexit and financial services: finally it’s the final countdown
Banking and capital markets firms currently face two challenges.
07/03/2020
UEFA adopts temporary emergency measures for Financial Fair Play
The newly approved temporary rules mainly address overdue payables and the break-even rule.
07/03/2020
UK guidance on cross-border tax reporting published
The information received from these reports will be shared with tax authorities in EU member states so that they can identify any potential tax risks in their jurisdictions.
07/03/2020
EU sues Austria, Belgium, Netherlands over anti-money laundering rules
The 27-nation bloc’s executive cited a lack of action on EU law related to fundamental aspects of the anti-money laundering framework “such as betting and gambling legislation (Austria), mechanisms under which the Financial Intelligence Units
07/03/2020
Portmann channelled €120 million through Pilatus Bank, inquiry hears
Company at the heart of a US investigation on dirty money from Venezuelan politicians had channelled money through Malta-based Pilatus Bank, the Caruana Galizia public inquiry hears
07/02/2020
Jersey advice firm shut up shop
SWM demonstrated a lack of competence by failing to maintain adequate professional indemnity insurance
07/02/2020
Covid-19: FCA further support measures for consumer credit customers
The FCA has also published a Handbook Instrument implementing this guidance
07/02/2020
Ireland and Luxembourg: Extension of Reporting Deadlines for DAC6, FATCA and CRS
Ireland and Luxembourg have both announced a six month deferral of the first reporting date under DAC6, the new EU Mandatory Disclosure Regime for certain cross border transactions which carry defined tax hallmarks.
07/02/2020
Huge Wine Frauds Uncovered in Europe
Authorities in Spain and Italy break open two alleged fake wine conspiracies, Barnaby Eales reports.
07/02/2020
Pressure points: Trustees beware – Changes to UK insolvency regime are now in force
The Act contains the most far-reaching reforms to UK insolvency law in over 30 years.
07/02/2020
Luxembourg tightens screws on trusts with EU rules
Trusts will need to disclose beneficiares from now, in line with EU rules
07/02/2020
World Economic Outlook Update, June 2020
A Crisis Like No Other, An Uncertain Recovery
07/02/2020
Working Time Compliance and Remote Working
Employers should also be particularly mindful of actively ensuring employees do not work in excess of the maximum limit as recent case law has demonstrated that employers will be liable for breach of the OWT Act, even in circumstances where the work assig
07/02/2020
ECB withdraws Malta-based bank's licence
The authority said on Wednesday that auditing firm Ernst&Young would continue to act as bank administrators.
07/02/2020
Accenture Cuts Up to 900 Jobs as Pandemic Takes Toll on Demand
Possible job cuts account for up to 8% of its U.K. workforce