09/16/2018
UK targets Nigeria, others over ‘dirty money’
Transparency campaigners in Britain often question the source of some of the wealth that keeps pouring into the country from abroad.
Legal, Regulation & Compliance
09/14/2018
The BillionaireWho Bought Trump’s Mansion Faces Scrutiny in Monaco
Lately though, Mr. Rybolovlev, a billionaire Russian mining magnate, has been less visible and Prince Albert has maintained a delicate, diplomatic distance from him.
09/14/2018
Recommendation for ESTER to be new euro risk-free rate
ESTER will also provide a basis for developing fallbacks for contracts referencing the Euribor, as the compliance of its reformed methodology with the requirements of the EU Benchmarks Regulation will be assessed in 2019.
09/14/2018
BlackRock gets regulatory approval to set up new firm in France
French President Emmanuel Macron, who is looking to strengthen the country's economy via reforms such as tax cuts and less stringent labour rules, is keen to win business away from Britain following Brexit
09/14/2018
Anti-money laundering bill would force overseas property owners to come clean
Intended as a measure to stop corrupt investors using the UK property market to hide dirty money anonymously, it would require all overseas investors to identify themselves on a publicly-accessible register.
09/14/2018
Ex-Lumiere boss found guilty of £2.7m fraud by Jersey court
The month-long trial involved evidence from the Jersey Financial Services Commission and his former clients, which included an elderly French couple, a pensioner and a partially-blind 79-year-old.
09/14/2018
RBS Chief McEwan Could Face MPs Again After "Withholding Information"
McEwan has now defended his comments in a letter to Treasury Committee chairman Nicky Morgan
09/14/2018
UCITS regime to be amended for EU fixed income products
Both proposals incorporate amendments to the provisions of the UCITS regime governing investment in these asset classes.
09/13/2018
Anglo-Swiss obtains regulatory approval to distribute in Switzerland
The partners’ experience, across multiple disciplines, offers a unique proposition for asset management, private banks, family offices and pensions clients, providing both consultancy and business development services.
09/13/2018
EU proposes new powers to crack down on money laundering
European Banking Authority would get mandate to impose sanctions directly on banks
09/13/2018
Stronger anti-money laundering supervision for a stable banking and financial sector
Today's proposal to strengthen the European Banking Authority's role will now be discussed by the European Parliament and Council.
09/13/2018
Prudential Regulation Authority: EBA Taxonomy 2.9
This CP is relevant to UK banks and building societies. It is not relevant to PRA-designated UK investment firms, to UK branches of firms in other European Economic Area countries and non-EEA countries, or to insurance firms.
09/13/2018
Adviser uncovers solicitor's £19k error
Although eventually rectified and a correct invoice issued, Mr Parkinson said the prospect of an unexpected £19,000 bill caused the clients a great deal of stress two weeks before they were due to complete.
09/13/2018
India and Singapore slammed for lax bribery controls
Countries on list of top offenders, which have “little or no enforcement” of anti-bribery laws
09/13/2018
Collas Crill advises on Amsterdam buy
he team at Collas Crill were a great support throughout the transaction
09/13/2018
Luxembourg simplifies the legal regime applicable to business licenses (autorisations d'établissement)
It is to be noted that any Business License granted by the Ministry of Economy prior to the entry into force of the Revised Law will remain valid for commercial activities and services
09/13/2018
Pope Francis launches investigation into alleged misuse of funds by directors of the Sistine Chapel Choir
It gave no further details of the alleged misuse of funds but said the inquiry, by Vatican magistrates, was ongoing.
09/12/2018
Russia is much closer to China than the US now, the head of Russia's wealth fund says
Frankly we do much more with China generally, we believe in integration, we believe in working together, President Xi (Jinping) and President (Vladimir) Putin are positive about this transaction, Kirill Dmitriev said.
09/12/2018
Capvis Announces Final Closing of Capvis V
Based on the strong demand from investors, Capvis V comfortably exceeded both its target of EUR 1.0 billion and the EUR 0.7 billion size of Capvis Equity IV LP.
09/12/2018
New Government regulation makes clear existing pension scheme duty to consider ESG factors
The new regulations send a strong message throughout the entire investment chain that sustainability factors must be considered.