11/10/2019
High Court claims by failed UK tax avoidance scheme users struck out
"Parliament has laid down an exclusive appeal process and time limits for invoking it.
Legal, Regulation & Compliance
11/10/2019
Worldwide freezing orders in support of international arbitration
These orders are also known as 'Mareva injunctions', named for a 1980 decision by the English Court of Appeal.
11/10/2019
Scarred by Malta, Latvia and Cyprus, bigger EU states push for money laundering supervisor
The need for an EU supervisor emerged after repeated failures by national watchdogs at spotting and countering money laundering, the statement said.
11/10/2019
Law change will confirm that HMRC decisions can be made by a computer
The provisions affected include the giving of notice to file a tax return as well as the automatic issuing of penalties where returns are filed late.
11/10/2019
‘Sexism and data theft’ at top wealth manager
The whistleblower, who does not want to be named, also alleges potential criminal behaviour.
11/08/2019
HSBC Warned Twice by Bank of England on Conduct Risk Control
Communications between individual banks and the BOE are rarely made public and it’s not known whether the regulator has recommended any specific remedies to HSBC.
11/08/2019
Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case
On Friday, a local court magistrate ruled that the defendants’ lawyers may cross-examine the ACCC staff on the subjects of how they obtained witness statements from the JP Morgan personnel and the staff’s level of cooperation with corporate re
11/08/2019
Appleby Isle of Man Celebrates 120th Anniversary
International law firm, Appleby, recently celebrated its 120th anniversary on the Isle of Man.
11/08/2019
Italian AML rules capture providers of services related to the use of virtual currencies and custodian wallet providers
This provision thus seems to capture providers established in other countries but offering their services in Italy via distance communication means only.
11/08/2019
Norway wealth fund resumes work on blacklisting worst greenhouse gas emitters
In November 2018, the bank said it needed clarification from the finance ministry as to what corporate behaviour would be considered grounds for exclusion.
11/08/2019
European Central Bank: Euro zone banks may need more buffers
The problem is that in a downturn, banks hold up their capital ratios by deleveraging and disposing of assets, restricting credit to the real economy and aggravating any contraction.
11/07/2019
Saudi Arabia's sovereign wealth fund denies link to Capco deal talks
Candy Ventures, which has not to date named which parties it is working with, did not comment today.
11/07/2019
HMRC nudge letter guidance
The early adopters of the CRS agreed to exchange information for the calendar year 2016 by September 2017 and the later adopters who agreed to exchange information for 2017 will have done so in September 2018.
11/07/2019
Cyprus moves to strip 26 foreign investors of citizenship
A Cypriot passport appeals especially to wealthy, third-country nationals because holders become European Union citizens and can work and travel freely within the 28-country bloc.
11/07/2019
Latvian bank Trasta wins closure review in EU court ruling
The General Court of the European Union, the lower EU court, had previously ruled in 2017 that the case of the group of shareholders was admissible, but the ECJ, the EU’s upper court, said on Tuesday that the lower court had erred in its judgment.
11/07/2019
Decarbonisation of the UK Economy and Green Finance inquiry
The Treasury Committee has launched an inquiry into the decarbonisation of the UK economy and green finance.
11/07/2019
How the Netherlands Built One of the World’s Worst Tax Havens
And How to Shut It Down
11/07/2019
Carey Olsen lawyers lead the way in data protection expertise in the Channel Islands
The introduction of the General Data Protection Regulation in May 2018 has led to an increase in both business
11/07/2019
UK Supreme Court upholds first successful claim for breach of the "Quincecare" duty financial institutions owe their customers
As the Supreme Court noted, "very extensive powers were delegated to Mr Al Sanea to take decisions on behalf of the company, including signing powers over the company's bank accounts."
11/07/2019
Meeting the pace of technological change by Nick Cook, Director of Innovation, FCA
Speech by Nick Cook, Director of Innovation at the FCA, delivered at the Chief Data Officer Exchange Financial Services conference in London.