03/05/2019
Lithuanian bank named in new EU 'laundromat' leak
The money was broken up and transferred among the Laundromat companies before being sent onward to various recipients, known and unknown.
Legal, Regulation & Compliance
03/05/2019
Countrywide fined £215K
In a trading update for 2018, the estate agent posted earnings before interest, tax, depreciation, amortisation, exceptional items of £33m against last year's £65m.
03/05/2019
GDPR: Asian banks streamline operations to ease compliance
By some estimates, under 12% of Asia Pacific-based firms were fully ready for GDPR last May.
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
03/05/2019
FCA takes action for contempt of court
Mr McKendrick had diverted funds and failed to disclose information about his assets in breach of freezing injunctions obtained by the Financial Conduct Authority (FCA).
03/05/2019
Statements of Policy on the operation of the MiFID transparency regime
We have published Statements of Policy outlining how we will operate the MiFID transparency regime, if the UK leaves the EU without an implementation period.
03/05/2019
ESMA MiFID II transparency calculations
These calculations shall be applicable from 1 April 2018, until then the transitional transparency calculations (TTC) continue to apply.
03/05/2019
EU Council adopts new cross-border payments regulation
This measure will extend the benefits of cheap cross-border euro transfers to an additional 150 million non-euro area consumers, and a potential extra 2,5 billion transactions per year.
03/05/2019
Barclays deal branded 'horrible' by former chief
The full extent of the deal - which allowed the bank to avoid taking a taxpayer bailout - was allegedly covered up by the defendants in order to protect their enormous bonuses.
03/05/2019
Regulator fires warning shot at DB schemes
TPR knows that successfully run schemes often have a long term strategy agreed by trustees and employers that includes a long term funding target.
03/05/2019
MPs hijacking Brexit legislation do not understand offshore tax havens
These MPs were frothing with outrage after the Government pulled a bill that they had hoped to use as a vehicle to impose new transparency rules on Britain’s crown dependencies.
03/05/2019
SEI submits Master Trust authorisation to TPR
Steve Charlton, Managing Director of Defined Contribution, EMEA and Asia for SEI’s UK Institutional Group, says: “The defined contribution landscape and pensions saving environment have changed significantly in recent years."
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
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.