04/10/2017
Irish residents must declare accounts, assets and benefits outside of the State or face tax penalties
This is a freely disclosed tax default to Revenue, rather than it being discovered through an audit or investigation.
Legal, Regulation & Compliance
04/10/2017
Basel Regulatory Commission Questions Large Bank Risk Controls
The directional exposure of big bank’s non-cleared derivatives remains unknown, which is at the core of the problem of bank risk controls.
04/10/2017
Bank of England implicated in Libor rigging scandal by secret recording
The 2008 recording adds to evidence that the central bank repeatedly pressured commercial banks to push their Libor rates down during the financial crisis.
04/10/2017
Clifford Chance, Hogan Lovells and Ashurst lose out on FCA panel
Squires won a place for advice on financial crime and RPC won a role to act on business conduct matters.
04/10/2017
Adviser banned for nine years over Sipp advice
It also did not make sure there were appropriate systems, controls, risk analysis and management information in place.
04/10/2017
FCA contemplates blockchain regulation
UK authority outlines concerns with regulating blockchain technology within new consultation paper.
04/09/2017
Panamanian authorities pledge support for national probes
The press release announced that the meeting served to exchange information on various ongoing investigations in the participating states.
04/07/2017
Speedboat among £5.1m of assets seized in tax fraud investigation
British woman arrested and warrant issued for arrest of Dutch man over allegations of money laundering and tax avoidance
04/07/2017
Structural reforms, at the European and national level, were not ready and effective, Draghi reminds critics of QE
The message coming from Draghi is clear and strong: in the last 10 years, Europe has gone through a series of timid recoveries suffocated at the start, of hopes that were immediately disappointed.
04/07/2017
Former Barclays traders acquitted in UK’s fourth Libor trial
Ryan Reich, 35-year-old American, and Greek national Stylianos Contogoulas, 45, walk free after second trial on charge of conspiracy to defraud
04/07/2017
EU Jobs Carve Up Starts Again With Dijsselbloem Under Threat
Eurogroup president’s term will expire in January 2018
04/07/2017
Property ownership and public contracting by overseas companies and legal entities - SMP Partners
Beneficial ownership register
04/07/2017
Herbert Smith Freehills - Financial regulation update
AIFMD: FCA clarifying information
04/07/2017
Bank of England urges City firms to prepare Brexit contingency plans
It is all too easy to give into protectionism, but the road less taken is often the most rewarding.
04/07/2017
FCA bans and fines two individuals for market abuse
The holding company of WSL, Worldspreads Group, floated on the Alternative Investment Market of the London Stock Exchange.
04/06/2017
Seven things that have happened in the seven days since the UK triggered Article 50
Talk of war with longstanding allies, hate crime and national hysteria over a dubious story about chocolate eggs have marked the beginning of the UK's divorce from the EU
04/06/2017
Herbert Smith Freehills - Financial regulation update
MiFID II: updated ESMA Q&A on market structure issues
04/06/2017
Euronext signs deal with ICE as LSE refuses to sell French clearing house
It described Euronext's contribution to LCH from derivatives clearing as "immaterial" and less than 1pc of the group's adjusted operating profit.
04/06/2017
Cars and boat seized, one arrest, in Dutch-British tax fraud crackdown
Prosecutors seized luxury cars including a Jaguar, a BMW and a Bentley in the operation, during which the suspects' house in Britain was searched as well as two villas in the Netherlands
04/06/2017
Swiss won't help France investigate tax case using stolen data
The French newspaper Le Monde has said it identified more than 106,000 clients.