03/05/2019
Guernsey welcomes deferral of the Financial Services (Implementation of Legislation) Bill
The States of Guernsey and the island’s financial services industry welcomed the late withdrawal of the Bill
Legal, Regulation & Compliance
03/04/2019
US lashes out at Brussels over failed dirty money blacklist
Gordon Sondland, US ambassador to the EU, branded the exercise a "ridiculous waste" after a rare unanimous revolt by the bloc's 28 countries upended the effort to name and shame almost two dozen jurisdictions alleged to be sources of money-
03/04/2019
Scammers impersonate HMRC in threatening phone calls
HMRC received more than 60,000 reports of phone scams in the six months leading to January 2019
03/04/2019
Politics enters the global battle against money laundering
Policy has become vulnerable to interference and manipulation
03/04/2019
Estate agents targeted in money laundering crackdown
Estate agents have been hit with unannounced inspections as part of a week-long crackdown on money laundering in the property industry, HMRC has revealed.
03/03/2019
Guernsey Finance response to MP pressure to impose public registers of beneficial ownership on Crown Dependencies
The proposed amendments attempt to impose public registers of beneficial ownership for all Crown Dependencies and Overseas Territories.
03/03/2019
Crown dependencies face crackdown on secret companies
Tory MPs demand that Jersey, Guernsey and Isle of Man reveal names of corporate owners
03/03/2019
The 10 most important changes in the EBA's revised outsourcing guidelines
ANALYSIS: European banking regulator the European Banking Authority has revised its outsourcing guidelines for financial services companies.
03/03/2019
Banks publish data on operational and security incidents
UK banks had to handle hundreds of major operational and security incidents in the final nine months of 2018, according to newly published data.
03/03/2019
Transitioning to post-exit rules and standards
We strongly encourage readers to take time to read this whole page to ensure a full understanding of what we have published, and what it means.
03/03/2019
EU Exit: ESMA recognition decision on UK CSD
ESMA has adopted this recognition decision in order to allow the UK CSD to serve Irish securities and to avoid any negative impact on the Irish securities market.
03/03/2019
EU Exit: EBA opinion on deposit protection issues
In a bid to ensure that covered deposits are protected, the EBA recommends that those branches become members of local EU DGSs.
03/03/2019
Spain to guarantee healthcare and pensions for British expats after Brexit
Last year 18 million British tourists visited Spain while on their travels across the Continent.
03/03/2019
Man City face transfer ban as FA investigates claims club used illegal third-party ownership scheme to buy South American kids
Allegations that club used a company in the Cayman Islands to hide investment fund came after Football Leaks shared documents
03/01/2019
U.K. Regulator Zeroes In On Asset Managers’ Fee Disclosures
The Financial Conduct Authority reviewed how investment firms disclose costs and charges to clients.
03/01/2019
Bank of England's approach to financial services legislation under the European Union (Withdrawal) Act 2018 - February 2019
Publication of Policy Statement and other materials
03/01/2019
Ex-Barclays boss slams SFO investigators
The SFO has provided very limited disclosure to me of the core material in relation to this case," he said in a statement to SFO detectives.
03/01/2019
Luxembourg law on the register of beneficial owners comes into force
Entities are not only obliged to provide information to the RBE, but also to hold such information, including supporting documents, at their registered office.
02/28/2019
Capital Markets Union: Agreement simplifies rules for investment firms to support open and vibrant capital markets
A key element of the EU's Capital Markets Union (CMU), the revised legislation will ensure more proportionate rules and better supervision for all investment firms on capital, liquidity and other risk management requirements.
02/28/2019
ECB speech on cross-border CCP supervision
Before briefly outlining what we hope to learn from this conference, I would like to say a few words in memory of our colleague and friend, Robert T. Cox, who passed away in December.