12/29/2019
Retired accountant with a secret past as 'money man for notorious gangsters'
Westminster Magistrates Court heard how Blanchard's involvement began in 1999 when he set up as an "offshore" tax adviser on Tenerife.
Legal, Regulation & Compliance
12/27/2019
MGA Serious On Money Laundering, Confirms Canceling 18 Operator Licenses
The gambling regulator has also said that it has conducted 597 criminal probity screening tests for both land-based and remote gaming activities.
12/27/2019
Big Four accountants set aside £162m for fines and legal claims
FRC investigating 30 suspected failed audits as government plans more powerful regulator
12/27/2019
Vatican’s million-euro default case: financiers hit back at ‘intrigue’ claims
With millions in euros in Vatican bank cash at stake in a Maltese court case, lawyers for the Holy See are attempting to prevent Futura Investment Management from disposing of its share in a Hungarian property company
12/27/2019
Scottish legal firm sees turnover push towards £12 million
The firm, which has 184 staff, including 33 partners, said the dip reflected investment in the growing GSWM team over the period to support “future, sustainable growth”.
12/26/2019
When Two UK Brokers Go Bust in One Month, Whose Fault is That?
UK investors, at least those with big portfolios, are on the hook if their broker fails.
12/26/2019
The London boroughs where property prices are rising fastest
The average home in London and the south-east also took 73 days to sell, the second longest in Britain behind the north-east of England.
12/26/2019
Following the LIBOR scandal, the EBC has launched its own benchmark interest rate
In 2012, an international investigation confirmed that some banks had been rigging LIBOR to inflate their profits.
12/26/2019
Britain's economic growth to take off in 2020 - once final Brexit deal is complete
The new year should get an immediate boost from extra government spending, firstly on day-to-day consumption and then on investment once more money is ploughed into infrastructure, analysts predict.
12/26/2019
Russian c.bank governor: inflation unlikely to exceed 4% target in 2020 - Interfax
Nabiullina also said the central bank would like to sell banks that it had rescued to private investors.
12/25/2019
European Central Bank Announces New DLT Proof-Of-Concept Called EUROchain
The EUROchain use case is based on a design, as described in the report, which relies on intermediaries that have access to central bank accounts
12/24/2019
Probe unearths second spying case at Credit Suisse
The probe was launched following media reports last week that spying at Credit Suisse ran deeper than one case.
12/24/2019
IRELAND UPDATE: European Commission consults on an EU framework for markets in crypto-assets
The Commission and European Council have jointly declared that they are “are committed to put in place the framework that will harness the potential opportunities that some crypto-assets may offer”.
12/24/2019
Walkers' Global Aviation Team acts on Airborne Capital's Inaugural US$637 million ABS
Walkers Professional Services, in both Cayman and Ireland and led by Fiona de Lacy and Elaine Anderson, provided fiduciary and cash management services throughout the warehouse phase of the transaction and will continue to provide fiduciary services throu
12/24/2019
The latest trends in philanthropy
The reputation of some of the more prominent charities has been tarnished and coupled with the perceived administration costs of some of these larger organisations, alternative ways of directly benefitting causes are increasingly being explored.
12/23/2019
BoE self-assessment of RTGS and CHAPS against PFMI
There has been considerable progress made across both governance and risk management.
12/23/2019
Time to sell? Principal private residence relief to become less generous
Property owners wishing to benefit from the longer exemption will need to have their properties sold by the start of the new tax year on 6 April 2020.
12/23/2019
Aggravated money laundering: indictment filed against Mykola Martynenko and a further Ukrainian national
Mykola Martynenko is alleged to have arranged for these accounts to be opened in preparation for the money laundering offence.
12/23/2019
Millions still to be repaid for power of attorney fees
There are two types of LPA: one that allows the attorney to make decisions about the donor’s property and financial affairs, and another that covers health and welfare.
12/23/2019
EU Banking and Finance Regulatory Newsletter - December 2019
This means that any UK-tweaking of the Withdrawal Agreement Bill, which is already amending workers’ rights, when brought back to the House of Commons may pose problems for getting trade talks underway in a smooth fashion.