09/19/2018
moneycorp expands US presence
The US investment is an integral part of moneycorp’s international expansion strategy
Legal, Regulation & Compliance
09/19/2018
The Benefits of European Supervision
Other regulatory factors are also hampering cross-border integration.
09/19/2018
Pru and Old Mutual avoid sanctions after FCA closed-book review
Abbey Life, Countrywide, Old Mutual, Police Mutual, Prudential and Scottish Widows were singled out for further review.
09/19/2018
Companies withhold diversity data from investors
From January, UK companies will be obliged to offer more detailed reports on diversity, outlining corporate objectives and initiatives and detailing the nomination process for boardroom candidates.
09/19/2018
KPMG admits misconduct on BNY Mellon reports, says watchdog
A disciplinary tribunal will be convened to decide what sanctions should be imposed, the FRC said, adding that no client money or assets were lost as a result of the misconduct.
09/19/2018
UK Treasury’s ‘proactive’ approach to cryptocurrencies welcomed by deVere
The report concludes: “Regulation [is] needed for…crypto-asset market” and that the “ambiguity of the UK Government and regulators’ position is clearly not sustainable.”
09/19/2018
Iceland has made it illegal to pay women less than men
A new law in Iceland making it illegal to pay women less than men came into effect on January 1, 2018
09/18/2018
Portugal eases registrations for asset managers as Brexit looms
Approvals will be given in up to six months.
09/18/2018
Investigators home in on Deutsche Bank exec's 1MDB role
The Monetary Authority of Singapore has also quizzed Deutsche Bank about the extent of Ms Tan's involvement with the 1MDB account
09/18/2018
Money Markets Committee and UK Money Markets Code
The committee meets quarterly and also has two permanent sub-committees: the UK Money Markets Code Sub-Committee and the Securities Lending Committee.
09/18/2018
Switzerland seeks bank access to Israeli markets
Israeli authorities focus on EU regulations but the EU doesn’t fully recognise our rules and regulations for political reasons.
09/18/2018
Credit Suisse found lacking in fight against money laundering
Another case involves a significant business relationship with a politically exposed person, who remains unnamed.
09/17/2018
UK frustrated by Cayman Islands silence on money laundering
The NCA leads the UK fight against money laundering and criminal money, which it estimates could be worth up to £1bn a day.
09/17/2018
'Quickie' Divorces Could Cost Ex-Spouses a Decent Retirement Income
Under the existing process, some couples who don’t get good legal advice, fail to evaluate pension assets
09/17/2018
ING Group Fined $900M for Money Laundering
The Dutch police explain its “impossible” to really estimate how much money was actually laundered through sketchy accounts and unusually large transactions.
09/17/2018
Former UBS rogue trader Adoboli to be deported Tuesday
Adoboli, 38, had been held at Dungaval detention centre in Scotland since September 3 but he has been moved to a Heathrow detention centre as the Home Office push ahead with deportation plans.
09/17/2018
Boiler room scam boss gets 11 years for ₤2.8m fraud
Michael Nascimento sentenced to 11 years’ imprisonment in FCA prosecution of £2.8m investment fraud
09/17/2018
Barclays faces fresh whistleblowing concerns: ‘I would not trust the process’
A Financial News investigation raises questions about the process of speaking up at one of the UK’s largest banks
09/17/2018
Appleby executives take part in ALARYS panels
Fox, a member of the firm’s Latin America team and ALARYS board member, moderated the ‘Compliance & Business Continuity Management’ panel.
09/17/2018
Pensions: A view from the FCA
Speech by Andrew Bailey, Chief Executive of the FCA, delivered at Gleneagles.