12/17/2018
French luxury dynasty in court battle over 'Mona Lisa' of Ferraris
My brother and sister have never accepted that (my father) gave this car to me
Legal, Regulation & Compliance
12/17/2018
Anti-corruption strategy: year 1 update
This update highlights the action taken since the launch of the UK anti-corruption strategy 2017 to 2022.
12/17/2018
Shock waves of #MeToo reach the City of London
Some senior female executives who have already broken the glass ceiling have been instrumental in accelerating the pace of change.
12/17/2018
A Billionaire Hit by Sanctions Makes Life Hard for Nordic Banks
The billionaire is suing Svenska Handelsbanken AB for refusing to accept cross-border transactions
12/17/2018
UK govt to stop use of illicit money in property purchases by foreigners
The phenomenon has turned the real estate markets of North American and European cities into the savings accounts of wealthy foreigners - some of whom face allegations of corruption or crime back home.
12/17/2018
Guernsey regulator clarifies collateral rules for ILS cells
The regulator, the Guernsey Financial Services Commission (GFSC), has clarified a number of issues around the authorisation process for ILS cells following talks with the Guernsey International Insurance Association.
12/16/2018
$3b worth Pakistani named in UK insider trading case
The trader said that his Pakistani associate was trading “high multiples” alongside him.
12/14/2018
Blackbird’s alarm call or nightingale’s lullaby?
FCA Occasional Papers in financial regulation
12/14/2018
Pernod boss defends firm founded by his grandfather as it comes under attack from vulture hedge fund
The claims are unlikely to be enough to satisfy Elliott, which has warned Pernod is lagging behind other drinks firms and needs radical improvement.
12/14/2018
FG18/5: Guidance on financial crime systems and controls: insider dealing and market manipulation
The updated Financial Crime Guide sets out guidance for firms on financial crime systems and controls, including insider dealing and market manipulation.
12/14/2018
MEPs agree on new rules to tax digital companies’ revenues
Lower threshold of taxable revenues made in EU
12/14/2018
EU orders two-year delay on KID rules for Ucits funds
‘Investors now face being misled by Kids for years to come’ warns AIC chief executive
12/14/2018
Companies behind £9m pension truffle scam shut down
Investors were told their savings were funding oak and hazel tree saplings, inoculated with truffle spores, and planted and managed for 15 years at dedicated plantations worldwide.
12/14/2018
FCA tackles professional indemnity fears
But the regulator told FTAdviser it was aware of the issues and pledged to carry out detailed analysis before finalising any rules.
12/14/2018
Good News for Pension Scheme Trustees - HMRC Simplifies Anti-Money Laundering Reporting Requirement
The AML regulations impose (amongst other things) a duty on affected occupational pension schemes to report certain "beneficial ownership" information to HMRC and to update that information from time to time.
12/14/2018
FCA introduces new rules on handling complaints about Authorised Push Payment fraud
The new rules will come into force on 31 January 2019.
12/14/2018
FCA bans director for not disclosing conflict of interest
The Financial Conduct authority has banned Angela Burns from acting as a non-executive director and fined her £20,000 for failing to act with integrity at two mutual societies.
12/14/2018
Basel Committee consults on disclosure requirement to address leverage ratio window-dressing
The Committee welcomes comments from the public on all aspects of the consultative document here by Wednesday 13 March 2019.
12/14/2018
Ogier acts on purchase of Cannon Green
Advising on both Jersey corporate and finance aspects of the transaction, the Ogier team was led by partner Richard Daggett with senior associate Amy Garrod.
12/14/2018
Court shuts down companies behind £9m truffle scam
The court heard that Viceroy Jones New Tech used a network of unregulated financial advisory firms and targeted people that had access to their pension savings.