08/14/2019
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
German Regulations Chase Out Crypto Companies Like Bitpay
Legal, Regulation & Compliance
08/14/2019
FCA agrees plan for a phased implementation of Strong Customer Authentication
The plan reflects the recent opinion of the European Banking Authority (EBA) which set out that more time was needed to implement SCA given the complexity of the requirements, a lack of preparedness and the potential for a significant impact on consumers.
08/14/2019
Sipp provider Berkeley Burke set to pay £1m over unregulated investments
I cannot know, but if that is Berkeley Burke’s situation, it’s possible that the firm may slip into insolvency in light of the £1m costs order it now faces"
08/14/2019
Corporate blackmail: one way in which victims can take back control
The modus operandi of the corporate blackmailer is to obtain information
08/14/2019
Harneys Cyprus advises on US$300 million sale of global depository receipts
Harneys Partner Nancy Erotocritou led the team with assistance from Senior Associate Valentina Hadjisoteriou and Associate Elina Mantrali.
08/14/2019
Another case study in pragmatism by the Jersey court in assisting liquidators in the conduct of the winding up of a Jersey company
Directions were sought from the Royal Court to allow the assets to be appointed to Her Majesty's Receiver General (HMRG) in order to facilitate an orderly winding-up and dissolution of AMJE.
08/14/2019
Aaron & Partners’ Wills, Trusts and Tax Partner recognised in coveted industry guide
A lawyer from the Wills, Trusts and Tax team at Shrewsbury legal firm Aaron & Partners has earned national recognition for her work with private clients.
08/13/2019
Heir-hunting for Irish links to deceased diaspora on the rise
More than 500 estates of Irish people waiting to be claimed from UK authorities
08/13/2019
$500 Billion in Dividends out of the Double Irish with a Dutch twist (with a bit of Help from Bermuda)
The offshore profits of a lot of U.S. companies were, so to speak, summering in Ireland and wintering in Bermuda.*
08/13/2019
Central Bank Highlights Liquidity Management Obligations
This is in the context of the CBI's continuing engagement with industry on Brexit preparedness, and it stated it will have regard to the Letter as part of its future supervisory engagements.
08/12/2019
Billion-dollar bond scandal hits Goldman Sachs
It’s a taste of the latest scandal to blacken the name of Goldman Sachs.
08/12/2019
Does the reliance of principal trading firms on banks pose a risk to UK financial stability?
The purpose of Bank Overground is to share our internal analysis. Each bite-sized post summarises a piece of analysis that supported a policy or operational decision.
08/12/2019
Draft EU Exit legislation relating to the financial services framework between the UK and Gibraltar
This publication sets out the proposed amendments to UK legislation related to financial services passporting rights between the UK and Gibraltar, to be laid under the EU (Withdrawal) Act.
08/12/2019
Pope caps reform of Vatican bank with new statutes
The bank had been caught in previous years in cases of corruption, tax evasion, embezzlement, money laundering and real estate fraud, some involving top officials and prelates, damaging the Vatican’s ethical credentials.
08/12/2019
Ireland - Update – Beneficial Ownership Reporting Commences
The launch of the Central Register had been delayed to allow for some clarifications regarding the legality of the submission of PPS numbers to the Central Register to verify the identity of the beneficial owners of Relevant Entities.
08/12/2019
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.
08/12/2019
Baker McKenzie misconduct case scheduled for December
Cassels and Blackburn are accused of failing to cause Person A’s complaint to be effectively or independently investigated.
08/11/2019
ABN Amro warns of fines over money laundering in Netherlands
Currently, ABN Amro has over 1,000 staff to combat financial crime.
08/11/2019
FCA bans former adviser over film scheme tax cheat
The film schemes were presented to investors as an opportunity to get tax rebates.
08/09/2019
BDB Pitmans suspends its COO
“BDB Pitmans, like all firms, may from time to time conduct internal investigations in relation to staff members", Smith told RollOnFriday, implying breezily that there was nothing to see here.