05/20/2020
£6.4m of illicit funds held in City bank seized
After conducting its own internal investigation, the bank alerted the NCA, which established the scam and began court action to seize the money.
Legal, Regulation & Compliance
05/20/2020
Coronavirus FAQs for UK employers: returning to a safe working environment
Employer’s liability insurance provides cover for certain kinds of employer liability such as breach of the duty of care or breach of statutory duty
05/19/2020
PwC fails to dismiss £25m negligence claim over Guernsey ‘Ponzi scheme’
Auditor accused of failing to uncover fraud at fund that collapsed, owing investors £40m
05/19/2020
Swedbank chief sets ‘big hairy goal’ after scandal
Jens Henriksson insists the lender can move on from money-laundering investigations
05/19/2020
Coronavirus Statutory Sick Pay Rebate Scheme set to launch
Employers will be able to make claims through the Coronavirus Statutory Sick Pay Rebate Scheme from 26 May.
05/19/2020
Reducing the Risks of Returning to the Workplace – Key Issues for Irish-Based Employers
Care should be taken when selecting employees to return.
05/19/2020
Government considering 'air bridges' to countries with similar Covid-19 infection rate
He also confirmed that the quarantine measures would come into place in June, not at the end of May as Johnson had said.
05/19/2020
EU, Caribbean Nations at Loggerheads Over Money Laundering Blacklist
The EU blacklist uses the FATF monitoring list as a starting point and serves as a way to hold the included countries accountable since the FATF has no enforcement ability of its own.
05/19/2020
How will ESG shape the future of funds, corporations and family businesses?
In general terms, family businesses have also looked to embrace ESG factors as part of more sustainable business models, and the result is more frank and open discussion about complex ESG themes, both by younger and older members of the family.
05/19/2020
English Court ruling demonstrates Unexplained Wealth Orders shouldn’t be taken on face value.
Update prepared by Christopher Edwards (Partner, Guernsey) and Jeremy Bell-Connell (Associate, Guernsey)
05/19/2020
Govt bans dividend payouts for firms using loan scheme
The ban is a further blow to income investors, who are facing at least a £30bn dividend short-fall this year as companies including banks and insurers scrapped payouts to shareholders amid the crisis.
05/18/2020
St.Galler Kantonalbank and CREALOGIX renew long-term, strategic digital partnership
The long-standing partnership between SGKB and CREALOGIX in terms of software and innovation is entering a new phase.
05/18/2020
Investing in Women Code
The Investing in Women Code is a commitment by financial services firms to improving female entrepreneurs’ access to tools, resources and finance.
05/18/2020
Malta delays the start of EU office to fight corruption
Without Malta's nomination, EPPO will not be able to operate
05/18/2020
Why the UK fell behind European peers on emergency funding
Teething problems and lack of experience held up state-backed business loan schemes
05/17/2020
COVID-19: Impacts On IP Activity In The Courts And UK IPO
A new, bespoke ‘cloud video platform’ (CVP) is also starting to be used for hearings.
05/17/2020
COVID-19: FCA statement requesting BI insurance information for High Court test case
Responses are requested by 20 May 2020.
05/15/2020
EU starts legal actions against Luxembourg over money laundering, tax avoidance
EU legal actions could lead to fines if member states do not apply common legislation.
05/15/2020
BNP Paribas in partnership for Total's zero-emissions pledge
This agreement is one of the most significant achievements in the oil and gas industry so far.
05/15/2020
ECB announces new measures to increase share of female staff members
The strategy covers the period until 2026, so as to fall within the mandate of President Christine Lagarde.