11/15/2019
German Parliament passes anti-money-laundering laws
Anti-corruption group Transparency International found that about €30 billion in illicit funds were funneled into German real estate in 2017.
Legal, Regulation & Compliance
11/15/2019
BorsadelCredito.it teams up with French neobank Qonto to support SMEs in Italy
The agreement aims at responding to these specific needs in terms of daily financial activities and access to credit, offering through digital services more flexibility, customisation, and higher speed than that provided by the traditional banking system.
11/15/2019
Greece’s New Penal Law is Likely to Return Riches to Money Launderers: FT
Under the law, newly-formed judicial committees will be tasked with reviewing nearly 900 cases
11/15/2019
Sweden's Riksbank slams Canada, Australia over emissions, dumps bonds
Greenhouse gas emissions per capita are among the highest in the world, but vary considerably between the different states.
11/15/2019
Danish watchdog orders Handelsbanken to boost anti-money laundering efforts
“This in particular concerns the risk of the branch being misused for terrorist financing,” the regulator added.
11/15/2019
Ireland: Over 180,000 firms could face fines under money laundering rules
If an entity cannot identify any persons who own a sufficient percentage or who exercise a sufficient level of control, then it must collate and submit information of its senior managing officials instead
11/15/2019
FSB eighth report on implementation of resolution reforms
The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.
11/15/2019
SJP will have to cut charges, says £10m investor
She said: "Hands on the table, we’ve had debates on that. We do have slightly different views and we do debate it quite a lot.”
11/15/2019
Solvency II: PRA policy statement on maintenance of TMTP
The policy set out in this PS has been designed in the context of the current UK and EU regulatory framework.
11/15/2019
Failed wealth manager owes HMRC almost £800,000
Leonard Curtis is currently in the process of deciding which broker this will be, with more than 100 companies originally interested in the SVS clients.
11/15/2019
Migros Invests in Swiss Fintech Startup B-Sharpe
Strengthened by a shared vision, Migros Geneva and b-sharpe believed in the powerful synergies bringing together the historic and well-established activity of one company and the digital skills and expertise of the other.
11/14/2019
Rebel Libyan central bank issues more Russian-printed notes
The notes were contained in two large shipping containers on a vessel which docked in Malta.
11/14/2019
France Supports European Bank Mergers Before Key Meeting
‘It’s important that Europe takes stock of its power,’ he says
11/14/2019
Nutmeg and Goldman Sachs partner up for Isa launch
Nutmeg still makes losses as a brand, but is continuing to evolve as a business.
11/14/2019
Ex-footballers sue St James’s Place over tax schemes
The rules were changed a decade later after concerns that the schemes were being abused.
11/14/2019
Jersey’s Beneficial Ownership Register Cited in FATF Best Practice Guide
The Financial Action Task Force report identifies challenges facing countries such as ensuring the beneficial owners of companies are identified and what key features an effective regime should have.
11/14/2019
Scottish Widows in ‘data breach’ over wrong letters
The error arose when the employee was completing the same task for two different customers at the same time.
11/13/2019
UK employers' hiring plans lift off 18-month low: CIPD
Low unemployment and solid wage growth have helped cushion the economy while businesses have cut investment due to the U.S.-China trade war and Brexit uncertainty.
11/13/2019
Morning Coffee: Shock as senior ex-Deutsche and Nomura bankers get preliminary jail sentences; Iqbal Khan's plan for UBS
Equally significant is the seniority of the ex-Deutsche and ex-Nomura bankers involved.
11/13/2019
Andersen Global Announces First Collaboration in Croatia
This collaboration will allow us to take our client service to the next level and expand our footprint more broadly. We are excited to work closely with our Andersen Global colleagues regionally as well as internationally.