09/29/2020
£60m revamp for UK fraud centre
Recent information request found just 6.6% of pension scam complaints passed to the police
Legal, Regulation & Compliance
09/29/2020
20 fraud victims demand compensation from wealth firm
Rogue adviser stole £4.5m to spend on prostitutes, gambling and luxury holidays
09/29/2020
Irish Government approves amendments to Investment Limited Partnership Bill 2020
Irish ministers approved legislative plans last week aimed at enhancing Ireland’s regulatory environment in international financial services.
09/29/2020
France probes banking giant BNP Paribas for alleged complicity in Sudan crimes
It was considered the regime’s “de facto central bank” at the time despite international sanctions, the FIDH said.
09/29/2020
FCA releases further information in light of BI insurance test case judgment
The update contains information on the FCA's four recent meetings during the week commencing 21 September with policyholders and stakeholders
09/28/2020
Baker McKenzie Advises on Encore Capital Group's New Global Funding Structure
Encore’s two primary operating units, Midland Credit Management in the U.S. and Cabot Credit Management in the U.K., had legally separate funding structures.
09/28/2020
EU fraud, corruption and money laundering – the EU Public Prosecutor’s Office takes shape
These 22 prosecutors and the European Chief Prosecutor, Laura CodruĊ£a Kövesi, will constitute the College of the EPPO.
09/28/2020
Vatican Scandal's Trail to Credit Suisse
The investment is under financial investigation.
09/28/2020
ESMA Published Draft Rules for Third-Country Firms Under New MiFIR and MiFID II Regimes
These changes include new reporting requirements for third-country firms to ESMA on an annual basis, and include the possibility for ESMA to ask third-country firms to provide data relating to all orders and transactions in the EU.
09/28/2020
Odey ‘launched himself’ at female junior banker, court hears
Crispin Odey, charged with sexual assault, today formally entered his 'not guilty' plea at Westminster Magistrates Court
09/28/2020
Managing the evolving compliance landscape facing multinationals
We take a closer look at the findings of the Global Business Complexity Index 2020
09/27/2020
FCA APM 2020
The FCA has updated its statements on key workers in financial services and on work-related travel and responsibilities of Senior Managers.
09/27/2020
Chinese investors, beware: EU vows to take aim at ‘golden visas’ programmes
Such passports, which some countries issue in return for investments, are popular because they provide freedom of movement among all EU nations
09/27/2020
New details emerge about Cardinal Becciu’s management of Vatican finances
Becciu himself denied any guilt
09/25/2020
UK financial planning firm enters liquidation
As its liabilities to unsecured creditors surpassed £300,000
09/25/2020
How the FinCen Papers provide an opportunity to improve the Suspicious Activity Report (SARs) regime
Buzzfeed has had these SARs for over a year.
09/25/2020
Former Cambridge Analytica boss banned from running companies
Cambridge Analytica became infamous after it emerged the company had improperly gained access to the sensitive user information of as many as 87 million Facebook users without their knowledge or permission.
09/25/2020
The EU announces its first ever plan to regulate cryptocurrencies
The legislative process will take time, at least a year.
09/25/2020
Ogier in Jersey advises Medicxi on close of €200 million fund
MS1 has committed to fund and accelerate the portfolio’s development plans through to the next stages of value creation.
09/25/2020
Julius Baer must pay around 150 mln sfr to Germany - court rules
The matter is related to unauthorised withdrawals between 1990 and 1992 from a Cantrade account of a foreign trade company established in East Germany.