06/03/2019
Man who posed as Saudi royal jailed for £6.3m fraud
Anthony Gignac referred to himself as 'sultan' and travelled in private jets with fake diplomatic paper
Legal, Regulation & Compliance
06/03/2019
Mission to promote islands financial brand
The Isle of Man is a stable, strong and secure environment coupled with a pride in the high levels of service it provides through its well established and reputable financial services businesses.
06/03/2019
P2P industry readies for investor marketing restrictions
“The guide will help firms and their customers determine whether and to what extent P2P is appropriate for non-advised customers,” Jeffrey Mushens, technical policy director at Tisa, said.
06/03/2019
Greenberg Traurig Lands in Italy
The merged firm will operate under the name Greenberg Traurig Santa Maria in Italy
06/03/2019
LEBC calls on Women and Equalities Committee to push DWP for its support in closing the Gender Pension Gap
LEBC Director of Public Policy, Kay Ingram said, “The Gender Pension Gap is an issue that Parliament must address. With women at 65 currently retiring with just one fifth of the pensions of their male peers¹, the gap must be closed before anoth
06/03/2019
Sandpiper lists on TISE
Sandpiper has also entered TISE’s Channel Islands market segment, which is dedicated to trading companies operating from Guernsey or Jersey which issue equity that is listed on the Exchange.
06/03/2019
Inter-generational wealth transfer in the Millennial age
The role of their advisers is to understand the extent of the estate, where all the assets are, and any complexities or unusual arrangements.
06/03/2019
European banking regulator worried about MFSA supervision
FIAU providing ‘regular updates’
06/03/2019
Appleby Nominated for Offshore Law Firm of the Year
Appleby have acted in a number of landmark and high profile decisions over the past year in their courts
06/03/2019
Danske Bank to sell Estonian private loans unit to LHV in US$458 million deal
Danske Bank, which has been embroiled in a major money laundering scandal, has agreed to sell its portfolio of Estonian private loans to LHV Pank in a deal worth 410 million euros (US$458.3 million), LHV said on Monday.
05/31/2019
Nigerians, Others Launder £100bn Dirty Money In UK Annually
National Crime Agency (NCA) disclosed obtained the Unexplained Wealth Orders (UWO) at London’s High Court for three houses in prime locations in the British capital which had been bought for more than 80 million pounds and were held by offshore comp
05/31/2019
A restructuring revolution? The EU Restructuring Directive
The effectiveness of the Directive therefore depends on the way it is enacted by each Member State.
05/31/2019
Luxembourg imposes reporting requirements regarding blacklisted countries
The file should be kept at the registered office of the company and must be made available on request to the tax authorities as part of a review of the tax return or an on-site inspection.
05/31/2019
FSB publishes peer review of implementation of the Legal Entity Identifier
The regulatory uses of the LEI are multiple and the benefits can be substantial.
05/31/2019
Raphaels Bank fined £1.89m for outsourcing failings
Raphaels failed to have adequate processes to enable it to understand and assess the business continuity and disaster recovery arrangements of its outsourced service providers
05/31/2019
LV and L&G offload GI businesses
The transaction will close on December 31, 2019
05/31/2019
FSCS edges closer to compensating mini-bond investors
The scheme stated: "Following our investigations, we now understand London Capital & Finance’s business practices much better, and we believe there are sufficient grounds for us to carry on exploring these issues.
05/30/2019
Advisers told to warn clients of Help to Buy crunch
This means buyers only need a 5 per cent cash deposit and a 75 per cent mortgage to make up the rest. In London the government loan even amounts to 40 per cent.
05/30/2019
Iress launches XPlan upgrade to save advisers' time
"Advisers work with one set of documents, one set of compliance rules and one client file record ensuring consistent and accurate advice at all times."
05/30/2019
FSCS receives £6m claims against jailed brothers
The FSCS told FTAdviser it had received 229 claims against the brother's advice arm Taylor & Taylor Associates, totalling £5.5m.