09/03/2020
Is your Employee Benefit Trust fit for purpose, or is it time for a review?
An EBT is a trust established either in the UK or offshore, set up by a company to hold cash and other assets, such as shares.
Legal, Regulation & Compliance
09/03/2020
Finma opens enforcement case against Credit Suisse
The proceedings come after an auditor hired by Finma in December 2019 completed its investigation into Credit Suisse’s corporate governance practice.
09/03/2020
Maltese regulator shuts down MPM Capital Investments
The Malta Financial Services Authority (MFSA) has revoked the licence of MPM Capital Investments and issued its directors with 10-year bans following a series of breaches.
09/03/2020
EBRD refutes accusations against investment in United Group
All EBRD investments in United Group were made in compliance with the Bank’s policies, regulations and procedures.
09/03/2020
FIAU warning: lawyers can launder criminal monies through sham litigation
Watch out for fabricated civil claims on debts and start asking questions, FIAU tells lawyers
09/03/2020
FCA updates webpage on extension of SMCR implementation periods
This will give firms significantly affected by the coronavirus pandemic time to make the changes they need.
09/03/2020
Building a level playing field - how innovation shapes regulation
Through innovation and new technologies, the regulator can help shape and create inclusive institutions, and provide a foundation for firms to provide positive outcomes for consumers and markets in the UK.
09/03/2020
Dentons opens in Dublin and announces further partner hires
Dentons has also opened offices in the British Virgin Islands and St. Lucia.
09/03/2020
FCA publishes new webpage on DataSprint for digital sandbox pilot
Beyond the immediate task of developing synthetic data assets for the digital sandbox pilot, we hope the event will be a catalyst for collaboration around the development of synthetic data assets in the financial services industry.
09/02/2020
Covid-19: FCA 2-month extension to DISP 1.10A.1R deadline
The PRA has published its Regulatory Digest for August 2020.
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.
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.