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.
Legal, Regulation & Compliance
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.
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.
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.