08/21/2020
Former IFA charged in fraud investigation
The case will be listed at Westminster Magistrates’ Court at the end of September.
Legal, Regulation & Compliance
08/20/2020
Withers acts on precedent setting Court application to gain increased powers for trustees
The Court considered the extent to which it can grant powers under s57 where there is no particular contemplated transaction/disposition and where the new power was of a general nature and not directly transactional.
08/20/2020
FCA Primary Market Bulletin issue 30
The FCA also finalises technical notes it consulted on in an earlier bulletin
08/20/2020
Fiduciary arrangements and trust in Luxembourg: new obligations for local and foreign trustees
All fiduciaries of fiducies and trustees of express trusts administered in the Grand Duchy of Luxembourg need to set up an internal file on their beneficial owners.
08/20/2020
Billionaire Greensill’s German Bank Draws Regulatory Scrutiny
The size of its balance sheet increased more than seven-fold
08/20/2020
PFS defends associate title as small firms fear chartered downgrade
Personal Finance Society CEO, Keith Richards, has defended the professional body's new associate membership, after IFAs accused the PFS of ‘diluting’ its chartered title.
08/20/2020
HSBC Global AM closes 2nd Vision private equity fund at $260m
The Vision programme was designed in partnership by HSBC Global Asset Management and HSBC Private Banking.
08/20/2020
FCA approves Archax as UK's first digital assets exchange
Tha FCA's decision means Archax becomes the UK's first Virtual Asset Service Provider under the FCA's crypto asset registration.
08/20/2020
Inside the corruption allegations plaguing Malta
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News
08/20/2020
R&Q signs agreement to acquire BHP captive
Earlier in the week R&Q signed a seperate deal to acquire Inceptum Insurance. Both deals are subject to regulatory approval.
08/19/2020
Covid-19: FCA publishes BI insurance case final transcripts
The temporary relief is subject to issuers applying the accounting treatment foreseen in the IFRS 16 amendment and disclosing their use of the amendment in the notes to their financial statements.
08/19/2020
Banks’ next big target for job cuts: Compliance
One expert sees banking giants cutting their London compliance divisions by as much as 25% as soon as the next 12 months
08/19/2020
Government must take the lead with state pensions dashboards data
Ensuring people trust the information they see when dashboards launch is accurate and complete will be absolutely critical in gaining legitimacy.
08/19/2020
The Brexit banking jobs tsunami that wasn't
This is partly because most jobs that need to be moved out of London have moved already.
08/19/2020
Number of suspected money laundering cases in Germany doubled in 2019
“One problem for us is that the prosecution of money laundering is not traditionally well established in Germany,” FIU boss Christof Schulte told Tagespiegel newspaper.
08/18/2020
Purplebricks fined after money-laundering breach
Under 2017 money-laundering rules estate agencies and buying agencies are responsible for carrying out checks on the financial background of their clients to stop money being laundered through the buying and selling of property. H
08/18/2020
Van Lanschot Kempen to acquire €2bn banking group
This transaction will help us grow our client assets by €1.9 billion.
08/18/2020
DAC6 – Extension of Cyprus Reporting Deadlines
The first periodical reporting by the Cypriot Tax Authorities to other interested countries will take place on 30 April 2021.
08/18/2020
DLA Piper enters disputes funding market with Litigation Capital Management deal
The deal expands LCM’s capabilities in working with law firms of significant scale and global reach.
08/18/2020
Ogier advises APG Asset Management on purchase of stake in premium shopping outlet operator
The sale of VIA is subject to Hammerson shareholder approval and it is anticipated that the sale will complete in the fourth quarter of 2020.