07/29/2019
Crossing the line to cross-examination
The claimants said the disclosure was inadequate and sought cross-examination of her on the same.
Legal, Regulation & Compliance
07/29/2019
Deutsche Bank Launches Client-Data Compliance Probe after Layoffs: FT
The internal probe, lead by the bank’s global compliance chief Jeremy Kirk, will seek to determine whether ex-bankers accessed price-sensitive data
07/27/2019
Swiss Government to Study UBS French Client Data Ruling
The ministry will carry out a “detailed analysis once the written grounds are available,” the FDF said in a statement on its website.
07/26/2019
Leader of LCF probe urges victims to get in touch
Dame Gloster aims to engage with bondholders, professional organisations and other interested parties in an "organised and structured way".
07/26/2019
Central Bank Action Could Send Oil Higher
It will be the first rate cut in a decade, and arguably provides evidence that the central bank tightened a bit too quickly last year.
07/26/2019
EIOPA consults on the draft Opinion on the supervision of remuneration principles in the insurance and reinsurance sector
EIOPA's task is to ensure an effective and consistent level of supervision to guarantee a similar level of protection for policyholders and beneficiaries at the European level.
07/26/2019
Jones Day suspends London partner for sexual harassment
The claimants described how Jones Day’s "fraternity culture" led to women being passed over for promotion in favour of mediocre men, and how they were treated like "sex objects".
07/26/2019
UK and Switzerland reach ‘no-deal’ Brexit labour agreement
Means business as usual for financial services firms in both countries
07/26/2019
Series of nominations for Carey Olsen at Citywealth IFC Awards 2020
Now in their ninth year, the awards were established to highlight the excellence of the advisers and managers in the private wealth sector
07/26/2019
Carey Olsen on offshore shortlist of three for Chambers High Net Worth Awards 2019
The awards take place at the Underglobe in London on Thursday 3 October.
07/26/2019
Jersey’s Domestic Legal Framework and Tax Regime Receives OECD Support
This latest endorsement follows the introduction of new substance legislation by the Jersey authorities last year which successfully met the requirements of the EU Code of Conduct Group.
07/25/2019
European Commission Calls for Tougher Action on Money Laundering
One of the four reports is intended to serve as a “post-mortem” analysis of suspected money laundering
07/25/2019
European Commission calls for better implementation of rules on money laundering and terrorist financing
Fight against money laundering and terrorist financing: Commission assesses risks and calls for better implementation of the rules
07/25/2019
PSR publishes detailed research into how people and business access cash
It is important that everybody in the UK can choose how they make their payments, in a way that works best for them.
07/25/2019
EBA opinion on the relevance of ML/TF concerns to prudential supervision
Money laundering and terrorist financing (ML/TF) can have a significant, adverse impact on an institution's safety and soundness.
07/25/2019
Football added to EU money-laundering risk list
Freeports among concerns as Brussels admits weaknesses in fight against illegal flows
07/25/2019
Facebook to Pay $100 Million for Misleading Investors About the Risks It Faced From Misuse of User Data
Facebook has agreed to pay $100 million to settle the charges.
07/25/2019
Navigating Economic Substance
The requirement to show Economic Substance is primarily aimed at preventing what is called “base erosion and profit shifting”.
07/25/2019
Cyprus: Financial Action Task Force Guidance on Risk-based Approach for Trust and Company Service Providers
The Guidance is aimed at TCSP practitioners, countries and their competent authorities
07/24/2019
Former HMRC employee among brothers sentenced for money laundering
Efzal Yaqoob laundered £21,630 of the stolen VAT through his personal bank account between July 2012 and August 2014.