12/20/2019
European Parliament and Council agree rules on crowdfunding platforms
A single set of rules will apply to crowdfunding services in the EU, up to EUR 5 000 000
Legal, Regulation & Compliance
12/20/2019
A Banker Drew Macquarie Into a German Tax Scandal. It Became a Costly Bargain
“Macquarie should have said ‘thanks but no thanks’”
12/20/2019
Germany Will Introduce More red Tape for Crypto Custody Providers
Any digital representation of a value not issued by the central bank has no legal status in Germany.
12/20/2019
Albanian Drug Suspect’s Banana Bonanza
Smuggling drugs in refrigerated containers of bananas or other fruits has become a favored tactic of traffickers in recent years.
12/20/2019
FCA fines director £45k over personal trades
Mr Gorman carried out the trades in his capacity as a person discharging managerial responsibility (PDMR) at Braemar.
12/20/2019
FCA secures confiscation order totalling over £170,000 against convicted fraudster
The Court found that Mr Virdee had derived a benefit of £666,730.58 from his criminal conduct
12/20/2019
FCA blocks adviser phoenixes as crackdown begins
The practice can have a devastating impact on the individual consumers concerned and a knock-on effect on the wider economy.
12/20/2019
The Court’s inherent jurisdiction to remove trustees? Nothing exceptional
The Court held the jurisdiction to remove a trustee under its inherent jurisdiction does not have an initial threshold of exceptionality and there is no requirement, beyond that which is normal, for a strong case to be made out.
12/19/2019
UK To Launch Big Tech Regulator Post-Brexit
There is an emerging international consensus around the scope of new regulation.
12/19/2019
Ex-Deutsche Bank Executive Facing Jail in Italy Still Has Clout
Regulators were concerned at the time about a widening series of scandals at Deutsche Bank.
12/19/2019
Watchdog sides with FCA over 'extortionate' DB advice claim
The consumer claimed they would be "at least £3,000 financially worse off" as a result of the rules and left "exploited by unscrupulous IFAs for advice"
12/18/2019
Activist investors more likely to target poor ESG performers
The issue is that while it is hard to find an executive or investor who would be unwilling to pay lip-service to these factors, real change on the matter of ESG remains slow.
12/18/2019
Amundi and EIB’s green bond programme hits €253m
Public-private partnership supports small-scale green projects
12/18/2019
Supreme Court Rules on Time Limits for Bringing Claims in Part-Time Judges' Case
The judges brought their claims on the grounds that their terms of office were discriminatory compared to full time judges in not including provision for a future pension.
12/18/2019
ECB urged to end secrecy over policy votes
Italian central banker says publishing individual opinions could increase transparency
12/18/2019
Remarks by Mark Carney at Benoît Cœure’s leaving reception
Speech given by Mark Carney, Governor of the Bank of England
12/18/2019
High Court upholds strike out of claim based on allegation a financial institution breached fiduciary duties as a shadow director of its customer
The decision will be of particular interest to financial institutions involved in turnarounds, restructurings and the exercise of control, management or similar rights arising upon default under facility agreements.
12/18/2019
Watchdog chases firms over money laundering rules
Earlier in the year the regulator had asked 400 firms to complete risk assessments to demonstrate
12/18/2019
The Russian Federation's measures to combat money laundering and terrorist financing
Russia recognises that it faces significant money laundering risks as a result of the proceeds of crimes committed within the country, in particular those related to corruption and its role as both a transit and destination country for narcotics trafficki
12/18/2019
Beacon Wealth Legal shortlisted in Modern Law Awards
The award Beacon Wealth Legal have been shortlisted for is ABS (Alternative Business Structures) of the year.