09/27/2020
New details emerge about Cardinal Becciu’s management of Vatican finances
Becciu himself denied any guilt
Legal, Regulation & Compliance
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.
09/25/2020
FCA: Criminal proceedings brought against three individuals
The pilots will operate for the first six months of 2021 and will report back their findings in the summer of 2021.
09/24/2020
English High Court confirms that communications with foreign lawyers (including "in-house" lawyers) can attract privilege
The High Court's most recent judgment in this action concerns an interim application issued by the Second Defendant concerning disclosure given by Tatneft in the underlying action.
09/24/2020
UK Information Commissioner's Office publishes guidance on artificial intelligence and data protection
The guidance offers a framework for how businesses can assess and mitigate these risks from a data protection perspective.
09/24/2020
First firms to begin move to new data collection platform, RegData
Firm feedback identified areas for improvements which we factored in when building the first iteration of RegData.
09/24/2020
FCA consultation on approach to international firms
Firms will continue to be moved to RegData in the coming months according to the moving date specified in direct emails from Gabriel.
09/24/2020
Ireland Update – Data Protection Commission issues Guidance on Cookies
The purpose of this examination was to determine how, and whether, organisations are complying with the law in this area.
09/24/2020
Mayer Brown advises Novartis on ground-breaking sustainability-linked bond offering
The transaction further marks only the second-ever sustainability-linked bond offering since the publication by the International Capital Markets Association (ICMA) of its Sustainability-Linked Bond Principles in June 2020.
09/23/2020
Danish watchdog tells Handelsbanken to improve customer oversight
Handelsbanken said in a statement that it “works continuously to improve our monitoring system and procedures together with our IT supplier.”
09/23/2020
FCA sets out proposals to tackle concerns about general insurance pricing
The FCA is seeking views on its proposals by 25 January 2021.
09/23/2020
Expected bank merger wave puts Deutsche Bank on stand-by
“The train left the station in that sense, and consolidation is inevitable,” Ermotti said, adding that Europe faced the risk of its banks becoming too small to survive or compete.
09/23/2020
German Regulator looks to open probe into Grenke’s accounting
A BaFin spokeswoman declined to comment. DPR didn’t respond to requests for comment.
09/23/2020
FCA final report and consultation on GI pricing practices
Feedback on the proposals is requested by 25 January 2021.
09/23/2020
With money laundering red flags going up, football clubs may have to step up
A Europol report on money laundering recently identified football as a money laundering paradise for organised crime networks