09/02/2020
Compliance Deadline for dutch UBO Register Approaches
The Netherlands is gearing up for its new UBO register in accordance with international AML / CTF best practices and will require certain entities to comply from 27 September 2020.
Legal, Regulation & Compliance
09/02/2020
Ruling the waves or waiving the rules? The UK’s options for regulatory reform and competitiveness after Brexit and COVID-19
Reforms to wholesale markets may attract less political scrutiny, but are more likely to be international in nature.
09/01/2020
Snowden to Testify in Defence of Creator of Football Leaks
Portuguese prosecutors have said the compilation of the Football Leaks data
08/31/2020
Barclays boss Jes Staley is dragged into the hunt for Jeffrey Epstein's cash
There is no suggestion of any wrongdoing on the part of Mr Staley, or that he knew anything about Epstein's criminal activities.
08/31/2020
UK’s financial regulator expands AML regulations to all cryptocurrency firms
The FCA had plans to implement data analytics to alleviate the regulatory approach and overcome the issues enterprises face.
08/31/2020
French regulator makes H2O suspend funds
The AMF made the decision due to valuation uncertainties
08/30/2020
Carey Olsen Bermuda's Keith Robinson among Transcontinental Trusts speakers
Carey Olsen Bermuda partner Keith Robinson is a panellist on the global litigation session on day one of the Transcontinental Trusts International Bermuda Conference.
08/30/2020
AIFMD – Room for improvement
Two annexes to the letter contain the detail of the suggestions being put forward by ESMA.
08/28/2020
FCA: Market Watch 64
The newsletter explains that the temporary transition power does not encompass transaction reporting rules under MiFID II.
08/28/2020
Prolonged pandemic could disrupt Malta's banking sector, warns central bank
It said that prior to the pandemic, overall bank liquidity was ample and this continued to rise given that savings continued to increase during the pandemic.
08/28/2020
ECB publishes consolidated banking data for end-March 2020
The quarterly data cover information required for the analysis of the EU banking sector, comprising a subset of the information that is available in the year-end dataset.
08/28/2020
Digital commodities exchange Emirex introduces Bitcoin SV trading pairs
While strategically based out of the Middle East, the Emirex platform is truly global, offering investors and traders alike an easy avenue to acquire and trade digital commodities – including Bitcoin SV - within a regulatory compliant environment.
08/28/2020
TPR enforcement activity drops by half during Covid
A fixed penalty notice of £400 is the first stage in the enforcement process
08/28/2020
FCA ‘frustrated’ with legacy technology
London Capital and Finance went into administration in January 2019, owing a total of £237m to 11,600 investors.
08/28/2020
Embark targets IFA deals in growth push
Embark had also expanded the funds’ platform reach in the past few months — meaning the funds are now available on roughly half of the adviser platforms — and expanded the communication and marketing of the products.
08/28/2020
GFSC review shows Guernsey firms’ positive record on source of funds and source of wealth
Babbé Senior Associate Elena Gogh discusses a positive report on anti-money laundering practices in Guernsey by the Guernsey Financial Services Commission.
08/28/2020
The central bank balance sheet as a policy tool: past, present and future - speech by Andrew Bailey
This experience has reiterated that the effectiveness of our tools depends on the situation in which they are used.
08/28/2020
Changes to Guernsey's beneficial ownership regime
The States of Guernsey has approved proposals to amend the legal framework relating to beneficial ownership.
08/27/2020
FCA open-ended funds review survey
During the coronavirus crisis, consumers may find themselves needing access to their savings in accounts with restrictions on access.
08/27/2020
Why Linklaters Says It Is Benefiting from Having Lawyers Working From Home
Linklaters said it is “encouraging open and continuous dialogues across the firm” on issues such as flexible start and finish times, modified daily ‘core’ hours and modified hours to allow for commitments outside of work.