10/10/2019
EU Looks to Tweak Method for Compiling Dirty-Money Blacklist
The EU is required under a pair of directives adopted by the bloc in recent years to identify countries that are susceptible to moving dirty money.
Legal, Regulation & Compliance
10/10/2019
Scottish law firm in merger with smaller player
Hardy Macphail has a mix of small and medium-sized enterprise and private clients.
10/10/2019
UK regulator mulls trustee board diversity reporting requirement
Data from the Pensions and Lifetime Savings Association (PLSA) from 2017 showed that 83% of private sector pension fund trustees were male.
10/10/2019
Dirty Money, Brexit’s High Noon
Questions remain about what the bloc should do about the many shortcomings that have been identified
10/10/2019
Ireland - Update – CBI Issues Prohibition Notice for Breach of the Fitness & Probity Regime
The Fitness and Probity regime requires individuals performing control functions in RFSPs to meet the CBI’s Fitness and Probity Standards.
10/10/2019
Escrow Agreements in Merger and Acquisition transactions – here’s what you need to know
Escrow arrangements help to minimise the counterparty risk of non-completion or failure to deliver for each of the parties.
10/10/2019
How Will Brexit Affect UK Fund Managers?
The UK Government has prepared draft statutory instruments under the European Union (Withdrawal) Act 2018 should the UK leave the EU on 31 October 2019 with “no-deal”.
10/10/2019
United Kingdom, European Union, and International Bodies
This is in addition to the £12.8m in compensation Serco paid to the Ministry of Justice as part of a £70m civil settlement in 2013.
10/10/2019
Anti-money laundering: Dos and Don'ts
In short, AMLRs require financial services providers (FSPs) engaging in relevant financial business to establish systems to detect things like money laundering and terrorist financing.
10/10/2019
Company accused of plagiarising IFA literature and investment firm accounts
Uses AIM company's stock ticker
10/10/2019
Which side of the fence?
FCA Guidance on Cryptoassets
10/09/2019
Switzerland stops information exchange with Bulgaria
Following data leak of Bulgarian and foreign taxpayers’ financial account details
10/09/2019
ESMA finalizes anti-abuse arrangements
Arrangements have been submitted to the European Commission for final approval
10/09/2019
Two Estonians standing trial in Finland’s largest money laundering case
The defendants include two Estonians, aged 70 and 44.
10/09/2019
Spooked by Libra, EU pledges to regulate digital currencies
France and Germany have said that Libra, whose size would dwarf cryptocurrencies such as bitcoin, could limit their monetary sovereignty.
10/09/2019
UK court allows Nigeria's $875 million case against JPMorgan to proceed
Tuesday’s decision upheld a February ruling from a lower court.
10/09/2019
BoE Executive Director Cleland speech on enhancing resilience in payments
As a single unified operator for CHAPS, as well as RTGS, the Bank is taking important steps as a standard setter and a thought leader to drive increased resilience and improved recovery capability in payments.
10/09/2019
CSDR: ESMA guidelines on standardised procedures and messaging protocols
Investment firms are expected to take measures to limit the number of settlement fails and to – at least – set up arrangements with their professional clients to ensure prompt communication of the necessary settlement information.
10/09/2019
MAR: ESMA final draft RTS on supervisory cooperation
ESMA has submitted these RTS for endorsement to the European Commission.
10/09/2019
EU Needs A 'Common Approach' To Crypto Regulation Says Commissioner
Valdis Dombrovskis — the European Union’s (EU) finance commissioner says crypto regulation will be a major focus of his if appointed for a second term.