07/22/2020
Appleby Advises IFGL On Friends Provident Acquisition
IFGL is a financial services group headquartered in the Isle of Man.
Legal, Regulation & Compliance
07/22/2020
HM Treasury consultation on economic crime levy
Companies House reform will help the AML-regulated sector carry out their obligations by providing more robust data on corporate entities.
07/22/2020
Malta will not publish golden visa names
But those who have been denied citizenship will be revealed
07/22/2020
Maitland enhances AML compliance services in Luxembourg
Founded in Luxembourg over 40 years ago, Maitland’s experience within the funds industry combined with its in-depth AML expertise and knowledge of the Luxembourg regulatory landscape continues to attract new clients to its comprehensive solutions.
07/22/2020
Top 5 compliance tips for starting a hedge fund in 2020
According to data group HFR, hedge funds were down more than 7% on average amid March’s turmoil.
07/22/2020
KPMG set to slash jobs and pension contributions in cost-cutting drive
Earlier this month the Financial Reporting Council told the Big Four accounting firms to separate their units to ensure their audits “do not rely on persistent cross subsidy from the rest of the firm”.
07/21/2020
UK government scolded over woeful tax relief knowledge
Just days after Treasury Select Committee announced inquiry into fiscal system
07/21/2020
PFS and CII unveil global ESG qualifications
In a bid to meet rising demand in the retail investment sector
07/21/2020
CJEU on data protection: Privacy Shield is dead; standard contractual clauses valid (with conditions)
In its judgment, the CJEU declared that the EU-US Privacy Shield (Privacy Shield), a mechanism used to legitimise of data from the EU to the US, is invalid.
07/21/2020
European banking regulator to probe Luanda Leaks’ allegations
European lawmakers have demanded the regulator assess “whether there were breaches of either national or EU law, and to assess the actions taken by financial supervisors.”
07/21/2020
ESMA Discontinues its 'Brexit Leveller' Committee
On 29 May 2020 the European Securities and Markets Authority ("ESMA") announced the winding down of its Supervisory Coordination Network.
07/21/2020
Similar But Not the same Comparison of Economic Substance Requirements in BVI ,Cayman,Guernsey and Jersey
While the requirements are similar in each jurisdiction, you cannot always assume that they are the same.
07/21/2020
Walkers' Ireland advises on first catastrophe bond programme through an Irish Solvency II MA SPV
Walkers was delighted to assist UnipolSai in launching the first multi-arrangement catastrophe bond programme approved by the Central Bank of Ireland.
07/21/2020
Juan Carlos: former Spanish king may be tried for money laundering
Juan Carlos flew to the South Pacific island for a nine-day stay in January 2016.
07/21/2020
FCA, PRA, BoE consultation on complaints scheme
This consultation may be of interest to anyone who is a potential or actual complainant under the Scheme.
07/21/2020
New Rules Around the Disclosure of Beneficial Ownership in Jersey: What You Need to Know
Of particular note the Law will apply to Foundations, which currently fall outside the scope of the Control of Borrowing (Jersey) Order 1958 (COBO).
07/21/2020
BNY Mellon selected as ETF custodian for Chimera Capital
“We are honored that Chimera Capital has appointed BNY Mellon as global custodian for this innovative new fund, which is not only the first Securities and Commodities Authority umbrella fund, but the first SCA ETF.”
07/21/2020
Zurich Prosecutors Probing Second Complaint About Ex-Baer CEO
“This is a third party matter, which we cannot comment on,” a spokeswoman for Julius Baer said. A spokesman for Collardi did not immediately return a call seeking comment. Pictet & Cie., where Collardi is now co-head of wealth management,
07/21/2020
Public sector finances bulletin
The bulletin is structured with the latest headline figures, revisions and information on recent events and/or methodological changes which impact on the statistics, located at the front of the bulletin.
07/20/2020
Cyprus: Thousands of NGOs face purge if not properly registered, minister says
Nouris said there were over 7,000 NGOs operating in Cyprus, and only 2,000 had their documentation up to date with his ministry.