09/12/2018
Denmark Wants To Toughen Up Money Laundering Fines
If you look at this scandal, you can compare it to the most serious money laundering scandals in Europe.
Legal, Regulation & Compliance
09/12/2018
Carey Olsen supports Capvis on launch of Capvis V
The fund which exceeded both its €1 billion target and the €0.7 billion raised by Capvis Equity IV LP, is the latest and largest Capvis flagship fund
09/12/2018
Regulator ‘forced’ Gibraltar insurer into run-off
Investors claim their fingers were burnt when the inspectors blocked sale
09/12/2018
Lumiere boss foolish but evidence unreliable, argues defence
The defence team in the Chris Byrne Lumiere case say evidence is “inherently weak and misleading”
09/11/2018
Spanish AM inks deal with Peru firm in LatAm growth bid
Espada said he’s seen interest from Latin American clients for this last type of investment because of the expectation of further rate hikes in the US.
09/11/2018
Expats win appeal over penalties on delisted Qrops
HMRC claimed pension transfers were unauthorised
09/11/2018
Regulation forces up FTSE 100 audit fees
FTSE 100 audit fees have risen to almost $1bn in the last 12 months, with PwC gaining most
09/11/2018
Regulator to overhaul register search function
We have invested a lot in the Scam Smart campaign
09/11/2018
HSBC whistleblower in Spanish court over Swiss extradition request
Hailed as a hero by some, Swiss courts sentenced him in absentia to five years in jail
09/11/2018
FCA warns firms against technology failures
Mr Bailey said: "The impact of this type of risk is greater in an environment where consumers rely more on machines."
09/11/2018
Task force gives Isle of Man a year to improve AML compliance
The IoM regulator improves oversight in eight out of 40 problem areas
09/10/2018
State fires starting gun on return of bankers’ bonuses
Finance department adviser to decide whether the €500,000 salary cap is still appropriate
09/10/2018
A $257 Billion Asset Manager Has a MiFID Warning for Small Firms
MiFID II has already been criticized by some for seeming to erode incentives to provide adequate research for investors in smaller companies, given the new pricing requirements.
09/10/2018
Carey Olsen pair among 'Top 35 Under 35' private client advisers in the UK
A champagne reception to honour the 35 men and 35 women who have been recognised by eprivateclient will be held in London on Thursday 27 September.
09/09/2018
Wealthy Russians in Britain face new visa crackdown after Salisbury
Scheme has allowed hundreds of oligarchs and Putin allies to make UK their home
09/09/2018
Dubai Papers: French media unveils UAE based International Money Laundering network
The Helin Group has no internet presence.
09/09/2018
A Russian Who Allegedly Hacked Into JPMorgan Chase's Servers Is Now in U.S. Custody
What the earlier court filings didn’t disclose was the identity of the central hacker—revealed finally in an unsealed indictment on Friday as Tyurin.
09/09/2018
How Mifid II’s second seismic shift is reshaping the trading landscape
Companies are facing challenges over transparency around liquidity and best execution
09/07/2018
EU Exit SIs for payment services, e-money and the SEPA Regulation
These SIs will make amendments to retained EU law related to payments and electronic money to ensure that the regime continues to operate effectively in a UK context once the UK leaves the EU, in any scenario.
09/07/2018
Fiduciary arrangements - AML Directive - new requirements - Ogier
Depending on the seriousness of the infraction, sanctions may vary from simple warnings to fines in an amount equivalent to twice the financial advantage gained by the breach (when it can be assessed), or of up to 1,250,000 euros.