05/29/2024
Global regulatory update Q1 2024
The EBA also issued guidance to crypto-asset service providers on managing their exposure to AML/CFT risks
Legal, Regulation & Compliance
05/28/2024
Banking fraudster jailed over fake applications for loans and pensions
He uploaded ‘selfie’ pics which, in conjunction with stolen customer personal data seized, enabled him to bypass online verification
05/28/2024
Labour has opportunity to drastically improve British ISA if it comes to power
The ISA is a simple idea, a tax efficient place to grow your wealth, however, with various additions over the years it has now become a confusing area of personal finance.
05/24/2024
Financial services sector reacts as PM Rishi Sunak calls general election
Sunak’s announcement coincides with the news that inflation has fallen to 2.3%, moving closer to the Bank of England’s target of 2%.
05/24/2024
FCA fines HSBC £6.2 million over treatment of customers in financial difficulty
The failings were caused by deficiencies in HSBC’s policies and procedures and the training of their staff, as well as inadequate measures to identify and address instances of unfair customer treatment.
05/24/2024
FCA publishes Decision Notices against two individuals for acting without integrity in relation to pensions business
The portfolios were created and managed by Mr Goodchild at Westbury, with 39% of overall holdings linked to a single offshore property developer.
05/24/2024
Firms to recommence GAP insurance sales following FCA action
Firms that have resumed sales of GAP insurance have done so with materially lower levels of commission being paid out to those selling GAP, improving value for customers.
05/24/2024
Navigating NPPR Processes in the EU: Insights from Luxembourg, the Netherlands, and Ireland
In this article, we provide an overview of the NPPR processes in Luxembourg, the Netherlands, and Ireland.
05/23/2024
The PRA’s approach to the authorisation and supervision of insurance branches
Policy statement 8/24
05/22/2024
Banking giant Citi fined £62m by UK watchdogs
Meanwhile, the Financial Conduct Authority handed out a £27.8m penalty
05/21/2024
Isle of Man considers change of policy on family offices
The call for input will lead to further research on the available options, which will form the content of a further consultation paper or discussion paper in due course.
05/21/2024
'Faked Satoshi ' Craig Wright Lied About Inventing Bitcoin: Judge Rules
A group of crypto firms brought the civil trial, the Crypto Open Patent Alliance (COPA), that sought to prevent Wright from claiming he invented Bitcoin.
05/21/2024
SureVu: Your Shield Against the Menace of Failed Trades in the Era of CSDR's Settlement Discipline Regime
The consequences of failing trades are not limited to financial losses; they extend to the credibility and professionalism of an asset management firm.
05/21/2024
Man sentenced over £19m unauthorised investment scheme
The FCA said Flintham lied about how the scheme was operated and the profits that he was making for his investors.
05/21/2024
Getting into the ‘grey divorce’ market
When divorcing later in life, a fair deal is more important than ever — with an adviser involved from the start
05/20/2024
Guy Flintham sentenced to 6 years for fraud over unauthorised investment scheme
On 19 February 2024, Mr Flintham pleaded guilty to fraud by false representation, following a prosecution brought by the FCA.
05/20/2024
FCA publishes details of common application shortcomings for prospective asset managers
The FCA identified a number of common errors that applicants should avoid when applying for authorisation for asset management activities.
05/20/2024
Doyle’s Guides: Payne Hicks Beach Family Team and lawyers listed the Leading London Family Law Indices 2024
Baroness Shackleton is awarded top rankings in two categories: Doyle’s Leading Family & Divorce Lawyers – London, 2024 and Doyle’s Leading High Net Worth Family Lawyers – London, 2024.
05/17/2024
Impending pension changes the hot topic at II Connect 2024 – The UAP Group
This session promises to be “both revealing and informative”
05/17/2024
Reed Smith advises Fasanara Capital on groundbreaking private credit on-chain securitisation
The real-world assets will then be used as collateral for a token issuance by the Luxembourg SPV to accredited investors in the UK and the U.S.