02/05/2019
Fraudster guilty of running illegal investment scheme
Only £457,119 of these deposits was actually traded by Mr Virdee and almost all was reportedly lost or used to fund his lifestyle.
Legal, Regulation & Compliance
02/05/2019
Former Newton Investment fund manager fined
The email read: "I wanted to urge those considering or in for the OTB (On The Beach Group plc) IPO to think about moving to a 260m pre money valuation limit. I have done that first thing this morning with my 17m order."
02/05/2019
Directors banned for trading while insolvent
Disqualifications mean the four directors are banned from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company.
02/04/2019
Financial Conduct Authority plunged into centre of scandal of Royal Bank of Scotland's treatment of small firms
The agency was created to insure RBS's riskiest loans after the bank was bailed out by the Government during the financial crisis.
02/04/2019
Financial Conduct Authority blasted as 48 fund firms face fees investigation
The total can be almost triple the advertised cost of a fund.
02/04/2019
Ex-Georgian PM's suit to have case heard in Singapore court dismissed
The Geneva branch was the centre of management for the portfolio.
02/04/2019
Manders Law has been shortlisted for the WealthBriefing European Awards 2019
It is a great honour to be recognised in the shortlist and this is testament to the hard work that the team have put in over the last 12 months.
02/04/2019
Starling Bank courts Irish banking licence as it launches euro accounts
The move marks a sizeable step-up in the battle to win over British consumers
02/04/2019
German States Issue 41 Fines For GDPR Violations
Advertising mails, Dashcam use as well as open E-Mail distributors were the subjects of fines.
02/04/2019
Bank of England and European Securities and Markets Authority agree Memoranda of Understanding
The MoUs will also only take effect in the event of a no-deal Brexit.
02/04/2019
Deutsche Bank deflects EU lawmakers’ questions in money laundering probe
Little detail given on alleged links to Danske Bank scandal.
02/01/2019
Advisers to pay £175m FSCS levy
The scheme confirmed a levy for 12 months for the 2018/19 period would have been £574m, £58m higher than the proposed levy.
02/01/2019
Ex-Falcon Legal Boss' Ban Lifted
To be sure, the court wrote that the executive, who oversaw a compliance team of roughly 20 people, knew that Falcon's anti-money laundering program was lacking in 1MDB transactions carried out by the bank.
02/01/2019
HMRC grabs over £400m extra from pension freedom users
UK taxman forced to repay over £30m in Q4 2018, showing little improvement has been made
02/01/2019
Who's Who Legal recognition for eight Carey Olsen funds lawyers
Nominees are selected based on independent survey work with general counsel and private practice lawyers worldwide.
02/01/2019
ESMA issues statement to address upcoming EMIR Refit implementation issues test
Given that the EMIR Refit negotiations have not been finalised, it is yet not known when the resulting text is expected to start applying, potentially after the phase-in for Category 3 counterparties expires.
02/01/2019
Dentons advises Hines Poland on the sale of Graffit office building
Paweł Dębowski, Chairman of Dentons’ Europe Real Estate group supervised the project.
02/01/2019
EU and UK regulators agree Brexit deal for asset managers
The agreement has been long awaited by UK asset managers, as it is needed to ensure the continued practice of “delegation”, which allows funds to be domiciled and regulated in another EU country.
02/01/2019
Italian govt wants to separate commercial lenders from investment banks
Speaking to the parliament’s lower house Di Maio also said that if the government needs to enter the capital of troubled Banca Carige it would take control of the lender.
01/31/2019
FCA proposes new rules on reporting GI value measures data
The consultation also proposes that firms must use the value measures data when considering whether their products offer value to their customers.