11/19/2018
Understanding EU anti-money laundering law
This article highlights key aspects of the EU’s fourth and successive directives, which are an important part of Europe’s response to financial crime.
Legal, Regulation & Compliance
11/19/2018
Draft EU Exit SIs for investment funds and their managers
The draft SIs are provided, alongside explanatory policy notes.
11/19/2018
KPMG named a global market leader in Organization Strategy Consulting
KPMG’s Connected Enterprise framework is noted as driving ‘end-to-end business transformation’.
11/19/2018
UBS Has $6 Billion Question; French Judges Will Give Answer
The attorneys were relentless in questioning the truthfulness of whistle-blowers who helped trigger the probe.
11/19/2018
UK reaffirms commitments to Jersey in Brexit negotiations
The letter provides confirmation that these objectives have been secured.
11/18/2018
2018 G-SIBs list and framework
One bank has been added to the list and two banks have been removed from the list and therefore the overall number of G-SIBs decreases from 30 to 29.
11/18/2018
FSB reports: Correspondent banking
Access to correspondent banking relationships remains a critical issue in some regions and jurisdictions.
11/18/2018
Promoting the UK as an investment destination
Chief Secretary to the Treasury, Elizabeth Truss visits Latin America to build relationships with Brazil and Chile.
11/18/2018
Financial services legislation under the EU (Withdrawal) Act 2018
HM Treasury’s programme of secondary legislation to ensure that the UK continues to have a functioning financial services regulatory regime in all scenarios, when the UK leaves the EU in March 2019.
11/16/2018
FCA issues scam warning over wealth management firm
This firm is not authorised by us and is targeting people in the UK.
11/16/2018
Romania to set up sovereign wealth funds for investment
The legal form of organizing these sovereign funds is that of Romanian joint-stock companies under terms to be established separately under government decisions.
11/16/2018
Aviva apologises for breaching FCA transparency rules
Aviva has sent an email to affected customers apologising
11/16/2018
Regulation round-up November 2018
Regulation round-up is our monthly email to all regulated firms, updating you on the latest news that affects your sector.
11/16/2018
ESMA Reports on NCAS' Use of Sanctions and Administrative Measures Under MAR
MAR foresees administrative sanctions for infringing the Regulation, which depending on the gravity of the infringement, can amount up to 5,000,000 Euros.
11/16/2018
Sexual harassment: is it fit and proper? - Withers
The FCA appears not to have thought about how it will approach its analysis of these types of allegations.
11/16/2018
Police end investigation into head of international pensions firm STM
Last month STM, which provides international tax planning, acquired the troubled UK Sipp provider Carey Pensions in a deal worth up to £400,000.
11/16/2018
EE and Virgin Media slapped with £13.3m fine
These fines send a clear message to all phone and broadband firms that they must play by the rules, in the interests of their customers.”
11/16/2018
UBS whistleblower awarded token damages by Paris court
UBS is facing a tax fraud trial in France that could see the bank fined up to €3.7 billion if found guilty of helping French citizens dodge their tax obligations.
11/15/2018
UK leverage ratio
This includes Basel III and the European Capital Requirement Regulation (known as CRR2) currently under negotiation.
11/15/2018
Adoboli Deported to Ghana
Adoboli had been arrested on Monday in Glasgow and sent to a detention center in London pending extradition.