06/20/2019
The End of European Money-Laundering Scandals, or just the Beginning?
As recent money-laundering scandals move from the Baltics to Scandinavia, who will be next?
Legal, Regulation & Compliance
06/20/2019
HW Fisher expands offering with acquisition of strategic governance, risk and compliance consultancy, Compliance On Demand
Initially focused on advising the real estate sector, it is envisaged that Compliance on Demand will move to embrace new sectors, including Corporate, Professional Support, Private Equity and Fund Management.
06/20/2019
Pensions Tax Mistakes Can Sometimes Be Undone
This case therefore potentially gives them further scope to resist such charges and to assist their employees or members.
06/19/2019
Remarks to Open Policy Panel - by Mark Carney
ECB Forum on Central Banking – 20 Years of European Economic and Monetary Union Sintra, Portugal
06/19/2019
FCA urged to be wary of exit fee 'loopholes'
The FCA's interim report report on the topic was published in March 2019.
06/19/2019
Official statement from the governments of Guernsey, Jersey and Isle of Man on beneficial ownership registers
The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.
06/19/2019
New guidance needed to improve anti-money laundering regime
Banks and other businesses use suspicious activity reports (SARs) to report cases of suspected money laundering and terrorism financing, to the United Kingdom Financial Intelligence Unit.
06/19/2019
Gina Miller urges FCA to ban illiquids in daily dealing funds
Government must conduct ‘root and branch’ review of the regulator
06/19/2019
Crown Dependencies to improve beneficial ownership transparency
The European Union anti-money laundering rules say that a public beneficial ownership register is essential in the efforts to combat the misuse of shell companies to hide money.
06/19/2019
European Commission guidelines on reporting climate-related information
Sustainable finance: Commission publishes guidelines to improve how firms report climate-related information and welcomes three new important reports on climate finance by leading experts
06/19/2019
EU Says Dominica is Tax Compliant
In recent months, tax advisories such as EY and Smith & Williamson noted that Dominica's CBI Programme is not a risk to tax reporting either.
06/19/2019
FCA warns of further crackdown over DB transfers
The regulator started its work by asking advice firms with DB transfer permissions to return data about their business activity.
06/19/2019
Swansea IFA suspended by FCA
Members of the BSPS were asked to decide what to do with their pensions as part of a restructuring process in 2017.
06/18/2019
Over a third of British expats in Ireland ready to hand back UK passports
Over half of the British citizens living outside of the UK surveyed are worried about their citizenship rights as an expat (53%), and half (50%) are concerned about their citizenship rights in commonwealth countries due to Brexit, which may be a trigger f
06/18/2019
Bank warns of risk management issues at challenger banks
In the assessment, the bank found that many new lenders were "overly optimistic" about the impact such a stress scenario would have on their business.
06/18/2019
DWS sells global hedge fund business to Alma Capital
The transaction is expected to be completed in the second half of this year.
06/18/2019
FSB publishes compensation progress report
Authorities remain focused on compensation practices, with many now incorporating assessment of compensation practice as part of ongoing supervisory review processes.
06/18/2019
FCA writes to wealth managers over fraud concerns
The regulator says supervision began in April and will cover a two-year period focusing in on market abuse issues and further concerns around meeting Mifid II disclosure requirements.
06/18/2019
Italy strengthens the non-dom regime by implementing new tax measures dedicated to retirees
Retirees Regime status renews automatically year by year, until the 6-year term expires.
06/18/2019
Fraud activity rising 'inexorably'
In data collated from more than 470 organisations, Cifas reported an overall increase of 6 per cent in cases of fraud recorded by its members last year when compared with 2017.