04/03/2020
European megabanks eye African American-owned banks for US entry
The first likely beneficiary of a minority-owned first policy is Washington, DC-based and family owned Industrial Bank
Legal, Regulation & Compliance
04/03/2020
German Law Aspects of Crypto Assets
Legal systems take divergent approaches to the concept of property.
04/03/2020
SocGen, Credit Agricole Boosted Risky Assets Before Crisis Hit
French banks only ones to lift Level 3 assets, Berenberg says
04/03/2020
Maltese Court orders seizure of €29.5m of assets belonging to 'Vatican Bank'
A court order was issued today directing that money or property of the IOR be seized.
04/03/2020
Crédit Agricole’s dividend cancellation catches fund manager Amundi
The move makes Amundi the first major asset manager to suspend shareholder payments amid the coronavirus crisis — though its ownership by a large banking group puts it in a special position.
04/03/2020
Finma finds Anti-Money Laundering Act breaches at over 10 initial coin offerings
Finma has also started enforcement proceedings against a firm for unlawafully receiving public desposits and another for illegal securities trading with tokens.
04/03/2020
Covid-19 brings out the best and worst of us
Sadly, this has been working – nearly £1m has already been lost to scammers since the crisis started to unfold in the UK in February, and we can sadly expect more such tales.
04/03/2020
Arron Banks fails in effort to use European laws to avoid £162,000 tax bill
HMRC says millionaire owes money for inheritance tax liability on Ukip donations
04/02/2020
DeVere fined by Malta regulator
Spokesperson says the advisory firm intends to appeal
04/02/2020
HMRC warns returning NHS staff to ignore tax avoidance schemes
As promoters target those coming back to help fight the covid-19 outbreak
04/02/2020
Covid-19 Lux Update: Exceptional Measures to Companies
Any Luxembourg company may hold any general meeting without a physical meeting
04/02/2020
Denial of Tax Deduction on Interest and Royalties
Tax deductibility could be denied for parties in countries on the EU List of Non-Cooperative Jurisdictions for Tax Purposes.
04/02/2020
Covid-19 Ireland Update: Electronic Signatures and Requirements for Original Documents
These measures have also impacted the ability to host physical board meetings, which disrupts a company's or fund's ability to conclude transactions and/or launch new products
04/02/2020
COVID-19 Governance: Proposed changes to English insolvency law
As ever with emergency legislation intended to respond to a particular crisis, the Government will wish to ensure that any legislation does not give rise to unintended consequences
04/02/2020
Statement from HM Treasury and the Prudential Regulation Authority on the implementation of the Basel 3.1 standards
HM Treasury and the Prudential Regulation Authority welcome the announcement made on 27 March by the Group of Central Bank Governors and Heads of Supervision
04/02/2020
EU regulators issue money laundering warning as criminals adapt to Covid-19
The authority singles out international trade as a potential risk area.
04/02/2020
A quarter of bosses have yet to address staff directly on Covid-19 crisis
UK CEOs shun video conference systems and opt for email updates as millions turn to remote working to do their jobs, according to a major new report into how large and medium sized companies are operating during the pandemic
04/02/2020
Luxembourg Pulls out the Stops to Battle Coronavirus
The association of CEOs has been mobilized, as well as six banks
04/02/2020
Solvency II: Income producing real estate loans and internal credit assessments for illiquid, unrated assets
The PS is relevant to UK insurance and reinsurance companies holding or intending to hold income producing real estate (IPRE) loans.
04/02/2020
Money Laundering, Lawyers, and Escrow: The Case for Voluntary Due Diligence
The real value in the Committee’s investigation flowed, not from the sanctioning of lawyers, but in the identification of unresolved issues.