01/06/2020
Banks Looking to Recruit More Staff to Check for Money Laundering in 2020
Qualified candidates are few and far between, demand is high
Legal, Regulation & Compliance
01/06/2020
CEO impersonation fraud: can an employee be liable for their negligent actions?
Peebles argued that the employee should, through use of common sense, have been able to spot the risk of fraud in the transactions she was being asked to process.
01/06/2020
Deloitte partner to pay £125k after losing dismissal challenge
He is represented by Jonathan Cohen QC and Alexander Robson from Littleton Chambers, instructed by Farrer & Co.
01/06/2020
Wealth firm faces restrictions on conflict of interest concerns
Wealth manager Dolfin faces restrictions on how it invests funds deposited by tier one visa clients after it was accused of steering purchases to businesses related to directors.
01/05/2020
Ready or Not, New UK Anti-Money Laundering Regulations Hit UK Art Sector from 10 January 2020
The newRegulations now take effect from 10 January 2020 and have major consequences for art market practices.
01/03/2020
Online outage for several hours shakes operations at Britain’s Lloyds Banking Group
Online outage frustrated the customers and shook operations at the bank.
01/03/2020
China suspends Shanghai link with London Stock Exchange
The suspension is a blow to the London Stock Exchange and its boss David Schwimmer, who has bet that Shanghai - not Hong Kong - is the financial centre of China.
01/03/2020
Bank of England to set new climate tests for UK banks
Drastic global changes could create damage to property, infrastructure and farmland, disrupt business supply chains and in an extreme case lead to mass migration and death.
01/03/2020
Busted! HMRC reveals biggest criminal cases of year 2019
This year’s list once again shows the lengths some people will go to steal money destined to support important public services.
01/03/2020
Lawyers get ready for ‘Divorce Day’
This year is expected to see the introduction of a ‘no-fault divorce’ bill
01/02/2020
European money intended for Libyan migrants being diverted, laundered
Huge sums of European money have been diverted to intertwined networks of militiamen, traffickers and coast guard members
01/02/2020
Rise in new Airbnb lets as landlords flout rules
Extra 1,000 short-term rentals advertised despite homes crisis
01/02/2020
France tells banks not to close expats' accounts because of FATCA
The FATCA international tax code was intended to clamp down on international tax avoidance, but many Americans living abroad have found it has also caused problems for them.
01/02/2020
Five things every separating couple, and their divorce lawyers, need to consider in 2020
Unmarried couples living together are one of the fastest growing family types in the UK
12/31/2019
Romania PM outlines pro-business agenda but sticks by pension rise
He is the fourth premier in three years.
12/30/2019
‘We have a huge problem’: European tech regulator despairs over lack of enforcement
Aside from a €50 million fine that France’s privacy regulator imposed on Google in January, there have been no fines or remedies levied at a U.S. giant since the GDPR came into effect.
12/29/2019
Right of Access under GDPR: Draft Guidance from the UK ICO
Key takeaways
12/29/2019
Retired accountant with a secret past as 'money man for notorious gangsters'
Westminster Magistrates Court heard how Blanchard's involvement began in 1999 when he set up as an "offshore" tax adviser on Tenerife.
12/27/2019
MGA Serious On Money Laundering, Confirms Canceling 18 Operator Licenses
The gambling regulator has also said that it has conducted 597 criminal probity screening tests for both land-based and remote gaming activities.
12/27/2019
Big Four accountants set aside £162m for fines and legal claims
FRC investigating 30 suspected failed audits as government plans more powerful regulator