03/19/2019
HMRC targets accountants over tax evading clients
They are the starting point for HMRC to kick off an investigation and any evidence obtained can lead to a criminal prosecution.
Legal, Regulation & Compliance
03/19/2019
Disclosure requirement for asset owners, money managers approved by EU
This latest version of the disclosure regulation, which was approved by the EU institutions on March 7
03/19/2019
Danske Bank Is Still ‘Working Intensively’ to Try to Find a CEO
Chairman Karsten Dybvad said Danske is “working intensively” on finding someone to run the bank long-term, as he addressed shareholders at an annual general meeting in Copenhagen on Monday.
03/19/2019
ECB bank supervisor Enria criticises ‘national champion’ mergers
Potential collision course with Berlin over plans for Deutsche-Commerzbank tie-up
03/19/2019
EU Updates its Blacklist of Non-Cooperative Jurisdictions in Taxation Matters
All three Crown Dependency governments introduced legislation in 2018 requiring businesses that operate on the island to demonstrate adequate economic substance
03/19/2019
Swedbank to Release AML Report on Friday
Swedbank said it would release Forensic Risk Alliance’s conclusions and field press questions on the report this Friday.
03/19/2019
Norwegian SWF ‘slow to act’ on climate-related exclusions
Andresen used the example to illustrate that it could be hard translating overarching ethical guidelines into consistent practice.
03/19/2019
For HSBC, Questions Remain Following Moldovan Asset Seizures
By the time the National Crime Agency (NCA) seized young Luca’s funds, his father was nearly two years into a 9-year prison sentence for the so-called “theft of the century”
03/19/2019
Cross-Border Distribution of Collective Investment Schemes
Agreement on the Compromise Texts of the Proposed Directive and Regulation
03/19/2019
Global collaboration on Panama Papers delivered higher rate of reform
Major outcomes continue to unfold nearly three years on from the global investigation known as the ‘Panama Papers’, first unveiled in 2016
03/19/2019
Investors In 19 Countries Sue Danske Bank Over Money-Laundering Scandal
The lawsuit alleges that Danske knew about the problem since 2013, but failed to take any action, deciding instead to continue to keep the issue covered up.
03/19/2019
Shadow cast over Lloyds Bank's new wealth venture as tribunal rules it was wrong to axe £100billion investment contract with Standard Life Aberdeen
Much of the £100billion was set to be given to this new joint venture
03/19/2019
Private Label to help with high value cases
This got some traction, but we felt there was potential to do more with the brand and so held a number of focus groups with brokers to see what they needed.
03/18/2019
Citizenship for Sale - Could Croatia Reward Wealthy Investors?
On the World Passport Index, the Republic of Croatia holds a high ranking of sixteen because the owners of its travel documents enjoy visa-free travel to 169 countries across the world.
03/18/2019
EU to probe where retail investors are getting a fair deal
Commission is concerned that so few Europeans invest in capital markets
03/18/2019
Dechert lawyers embrace denim with new relaxed dress code
Dress-down every day
03/18/2019
Retired IFA who duped victim out of £50K jailed
Ms Chiswell, who was aged 88 and a double amputee, passed away before the Crown Prosecution Service decided to charge Price.
03/18/2019
UK bankers on standby as City readies no-deal contingency plans
JP Morgan, Goldman Sachs and others poised to move staff to EU offices by 29 March
03/17/2019
Appleby shortlisted as International Law Firm of the Year
Appleby has a thriving private client and trusts practice in some of the most well-regulated and highly regarded offshore jurisdictions for the creation and administration of trust structures.
03/17/2019
FCA puts the spotlight on debt management firms
The FCA has commenced supervisory action in these cases and opened an enforcement investigation in one case to date.