09/06/2018
Executor hid expat’s Belgian car and bike collection
The conspiracy included a Boxing Day text message to the UK, which had been composed on the deceased man’s phone by the fiancé, cancelling a trip over the channel.
Legal, Regulation & Compliance
09/06/2018
Why the FCA is concerned about P2P finance
The areas where they have fallen down on has generally related to the treatment of client assets, and how they reconcile client money that is held in trust, before it is deployed.
09/05/2018
ING Groep Pays 675 Million-Euro Fine in Holland
The news was released by the Dutch multinational bank through its website today, Sept. 4.
09/05/2018
Irish regulator warns asset managers about overcharging investors
Central Bank of Ireland steps up its scrutiny of opaque performance fees
09/05/2018
SocGen expects to pay €1.SocGen expects to pay €1.1 billion in US sanctions fines1 billion in US sanctions fines
Societe Generale has been caught up in around a dozen probes and lawsuits in recent months.
09/05/2018
Scandals expose flaws in EU fight against dirty money, say watchdogs
Report reveals lack of legal clarity, patchy data-sharing and limited staffing
09/05/2018
The Sound of Corrupt Cash Being Sucked Through Europe
Danish and Dutch bank probes expose multiple holes in the system.
09/05/2018
SJP investigates independence claims made by adviser
However, his FCA Register record, confirmed by SJP, shows he has been with SJP, and therefore restricted, since 2014.
09/05/2018
Five sentenced over £2.8m investment fraud
Charanjit Sandhu (DOB 3 December 1989) was sentenced to 5.5 years’ imprisonment.
09/04/2018
BMO cuts ETF fees by up to 43%
The BMO Barclays Global Corporate Bond range was reduced by 43% from 30 basis points to 17 basis points.
09/04/2018
Former UBS trader jailed for Britain's biggest fraud faces deportation
The 38-year-old was detained on Monday following a routine visit to a Scottish police station, his spokesman, Nick Hopewell-Smith, said via email.
09/04/2018
UBS to Start Currency Pricing, Trading Engine in Singapore
UBS’s launch may bolster the foreign-exchange trading infrastructure in Singapore
09/04/2018
Woodbrook CEO warns against unregulated consultants in Cyprus
Despite this, several international financial advisory firms on the island are continuing to target expatriates without having a proper license.
09/04/2018
Funds sold by Lumiere found “too risky”: Fraud trial
His former boss at Orbital, Paul Knight, told the firm considered whether to offer Providence funds, but some of the directors considered the fund too risky, the Jersey Evening Post reports.
09/04/2018
HMRC considers opening 27 investigations for ‘serious’ tax evasion against some of the UK’s biggest businesses
The new corporate criminal offence of the Criminal Finances Act 2017 means that big businesses can be held criminally liable if they fail to prevent their employees
09/04/2018
PRA Regulatory Digest
The Bank of England prudentially regulates and supervises financial services firms through the Prudential Regulation Authority.
09/04/2018
Strengthening the European financial industry amid disruptive global challenges
The euro area has been very successful in providing a top-tier foundation for innovative payment services.
09/04/2018
ECB speech: Integrating the EU payments market
on a proposal for a regulation on certain charges on cross-border payments in the Union and currency conversion charges
09/04/2018
Shamed banker branded ‘biggest rogue trader in British history’ faces deportation to Ghana
A Home Office spokesman said: “All foreign nationals who are given a custodial sentence will be considered for removal.
09/04/2018
Germany drops spy case against Swiss secret serviceman
Zinniker had been accused of commissioning private agent Daniel M. for espionage activities against German tax investigators and authorities in 2011.