05/15/2017
HK, UK regulators sign fintech agreement
Cooperation agreements are absolutely vital in fostering an environment of fintech innovation on a global scale.
Legal, Regulation & Compliance
05/15/2017
SocGen Faces U.K. SFO Probe Into Libya Bribery Allegations
The SFO’s interest will be an unwelcome development for Societe Generale in the case
05/15/2017
Independent law firms are stealing a larger share of the market
Traditional law firms will lose out to small specialists providing quality over quantity, says Bellwether Report 2017, Art of Success
05/15/2017
Herbert Smith Freehills - Financial regulation update
FCA advice on recent national cyber attack
05/15/2017
Gibraltar firm fined and directors banned over pension schemes
A Gibraltar financial services firm with links to the Panama Papers has been fined and had two of its directors banned for providing trustee services to pension schemes despite having been denied permission to do so by the regulator.
05/15/2017
Accounting Body Issues Guidance For Vetting Bank Capital
The framework provides guidance to auditors on how to access banks’ reporting processes, governance.
05/15/2017
Cyprus: Tax Evasion Or Tax Avoidance: A Predicate Offence Under Cyprus Anti-Money Laundering Laws?
Most recently, with the adoption of the EU's fourth anti-money laundering directive (2015/849/EC), serious tax offences have been explicitly included as predicate offences for money laundering purposes
05/15/2017
Lloyds faces £80m payout in structured products mis-selling case - report
Over 7,000 customers affected
05/14/2017
Tax compliance in times of transparency
Malta, as an ‘early adopter’ of the above standards
05/14/2017
Challenger banks under pressure to meet ringfencing rules
Smaller banks forced to comply with rules intended to prevent another bailout
05/14/2017
US strikes $5.8m deal on Russia money-laundering case
Settlement closes decade-long probe into real-estate scheme
05/12/2017
Malaysia’s 1MDB under Solomon Huges investigation
Coutts has got many fines from financial regulators around the world, is a British bank run by Tory lords and Conservative ex-ministers.
05/12/2017
Non-dom tax changes: no need to panic
All of these proposed changes have been dropped from the Finance Act 2017 in anticipation of the General Election.
05/12/2017
M&A in Finland
A Q&A guide to M&A in Finland. Published by Globe Business Media Group.
05/11/2017
FSB publishes Global Shadow Banking Monitoring Report 2016
Market-based finance provides important diversification of the funding sources which support the real economy
05/11/2017
UK Court Lets Prosecutors Pierce Attorney-Client Privilege in Internal Probe
The ruling should concern in-house counsel in general and especially those with companies that do business in England.
05/11/2017
Herbert Smith Freehills - Financial regulation update
FCA strategic review of retail banking business models
05/11/2017
New Long-Term Reporting Guidance - UK Investment Association
Some states have laws and ethical rules regarding solicitation and advertisement practices by attorneys and/or other professionals.
05/11/2017
BearingPoint launches a MiFID II/MiFIR reporting solution
The revised Markets in Financial Instruments Directive (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR) take effect on January 3, 2018.
05/11/2017
Deutsche Bank Fined for Delayed Bafin Filing on CEO Changes
Deutsche Bank, led by Chief Executive Officer John Cryan, has resolved legal issues including a settlement with the U.S. Justice Department in December