03/23/2020
Earlier this month, Swedbank disclosed that Clifford Chance had separately identified 586 transactions, worth an aggregate $4.8 million, that had likely violated US sanctions imposed in the wake of Russia’s 2014 takeover of the Crimean peninsula.
03/23/2020
New laws include reporting obligations on cross-border tax arrangements, new state fund to buy buildable land for housing
03/23/2020
All 85 applications will be reviewed by teams of SIFI staff
03/23/2020
In a separate FIAU notification, the unit said that an unnamed notary had been ordered to improve anti-money laundering controls.
03/23/2020
For those aged under 55, such a move could see consumers hit with a 55 per cent unauthorised payment charge from HMRC and then charged high fees by the fraudsters.
03/23/2020
The regulator failed to recognise the information flagged by the adviser about the advice firm potentially had "significant regulatory implications", the commissioner warned.
03/23/2020
Will cease to exist at end of 2021
03/23/2020
The outbreak of COVID-19 has resulted in a unique and alarming health crisis. In addition to the health aspects, there will be a significant economic impact worldwide.
03/23/2020
Also last week, the UK FCA (Financial Conduct Authority) signalled it will give temporary relief on rules requiring bankers and traders working from home to record calls with clients.
03/23/2020
It is important that anyone travelling should monitor the developing situation carefully, and we want to try and help alleviate some of your concern by bringing you regular updates.
03/22/2020
Pension reform has been a cause of concern for doctors for a while now as many in the field claim they were unfairly penalised.
03/22/2020
If Brent crude keeps trading about 30% below Norway’s budget assumption for the year (some analysts expect it could drop further), the government will need to withdraw about 150 billion kroner from its fund.
03/20/2020
The BoE also decided to buy UK government and company debt, increasing its holdings in such bonds by £200bn to £645bn.
03/20/2020
The Ashurst team was led by partner Thomas Picton, assisted by senior associates Matthew Pentecost and Louise Young, and associate Barbara Kramarz.
03/20/2020
“Interest and principal payments due in April through September will not be collected from these clients; they can make these payments later,” it said.
03/20/2020
The COVID-19 crisis led to the cancellation of the negotiating round scheduled this week in London.
03/20/2020
Speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy, to Investment Association members.
03/20/2020
Some AML compliance departments function reactively rather than identifying future problems and responding to them preventively or avoiding the problems altogether—with some compliance departments resembling “factories” more than agile,
03/20/2020
The investigation also shows that on several occasions, Swedbank has withheld information from the FSA, information that clearly showed how big the problems, in fact, were.
03/20/2020
How to prevent the abuse of power during a global health pandemic