12/23/2019
Aggravated money laundering: indictment filed against Mykola Martynenko and a further Ukrainian national
Mykola Martynenko is alleged to have arranged for these accounts to be opened in preparation for the money laundering offence.
Legal, Regulation & Compliance
12/23/2019
Millions still to be repaid for power of attorney fees
There are two types of LPA: one that allows the attorney to make decisions about the donor’s property and financial affairs, and another that covers health and welfare.
12/23/2019
EU Banking and Finance Regulatory Newsletter - December 2019
This means that any UK-tweaking of the Withdrawal Agreement Bill, which is already amending workers’ rights, when brought back to the House of Commons may pose problems for getting trade talks underway in a smooth fashion.
12/23/2019
Cryptoasset businesses: are you ready for 5MLD?
These businesses should therefore be taking all appropriate steps to ensure that they will be in a position to comply with the MLRs with effect from 10 January 2020 in the event that they are brought within scope at that time.
12/23/2019
PRA announces special requirements regarding whistleblowing systems and controls at the Society of Lloyd’s
The Society of Lloyd’s has voluntarily agreed to a number of additional requirements relating to whistleblowing and these are published today by the PRA.
12/23/2019
Gibraltar sets out sweeping new financial reforms for 2020
The LRP Regulations do not change the substance of the current legislation they derive from and they remain similar.
12/23/2019
FCA told to consider disclosing firms' PI details to clients
Complaints commissioner Antony Townsend said he sympathised with the client but ultimately sided with the FCA on its grounds of confidentiality.
12/23/2019
How Brexit will affect cross-border divorce
The key piece of legislation in the area of cross-border divorce and children matters is Brussels II(a) (Regulation 2201/2003).
12/22/2019
HSBC and JPMorgan Traders Accessed BOE Audio Feed, FT Says
Banks try to establish whether staff used feed probed by FCA
12/22/2019
Bankers-turned-winemakers are transforming England into wine country
English wine has changed from a novelty or joke into a serious contender
12/22/2019
Investigators put bounty call outside Harrods for Russian oligarch wanted on allegations of $2.5bn fraud
It has also hired a mobile billboard to drive around Knightsbridge, where it says Mr Bedzhamov is currently thought to live.
12/22/2019
Why EU Climate Weapon Is in the Financial Fine Print
The EU is committed to meeting the targets of the Paris Agreement, and with new leaders just taking their posts, its ambitions are higher than ever.
12/22/2019
Panama Papers supply 18.6 million euros
Reported in Belgium Knack, De Tijd and Le Soirthat at minimum 732 names of Belgian residents and residents come in the information breach of 11.5 million papers.
12/22/2019
ESMA follow-up report on fees charged by CRAs and TRs
The Treasury, in exercise of the powers conferred by section
12/22/2019
The Draft Federal Law “On Digital Financial Assets”
The Draft continues digital reforms aimed at setting up a procedure for the regulation of digital rights and assets – i.e., to set up a procedure for regulating the way of proving and certifying property rights in information systems operating on th
12/22/2019
Takeovers of European banks at lowest level on record; profits slumping
He’s now lobbying fellow ministers on its merits, and while his proposal has run into opposition
12/20/2019
Global Anti-Corruption Programme
This Prosperity Fund programme promotes increased global prosperity and inclusive sustainable growth by working against corruption.
12/20/2019
Bank scandal: European bank chiefs had already acted over danger
It took action after discovering that companies were getting a head start on its president’s words, giving traders a valuable few extra seconds to transact on the markets.
12/20/2019
Occasional Consultation Paper - October 2019
The policy set out in this PS has been designed in the context of the current UK and EU regulatory framework.
12/20/2019
Sweden ends five years of negative rates with hike to zero
Rates are still negative in the euro zone, Japan, Denmark, Switzerland and Hungary, and with the exception of Hungary, are expected to remain so for some time to come.