01/26/2015
Fourth European Money Laundering Directive Published - Collas-Crill
Publicly available ultimate beneficial ownership registers appear to have been restricted to 'taxable' trusts in the EU's Fourth Money Laundering Directive.
Legal, Regulation & Compliance
01/25/2015
Azerbaijan’s IBA, Russian Sberbank ink memo
The International Bank of Azerbaijan is the largest bank in Azerbaijan and the region, with assets of nearly $12 billion.
01/23/2015
Former manager in legal dispute with Liontrust
Former fund manager Eoghan Flanagan is locked in a high court battle with Liontrust Investment Partners over his dismissal from the firm in 2012.
01/22/2015
UCITS V and VI – preparing for the new rules, and beyond - Farrer & Co
On 28 August 2014, Directive 2014/91/EU on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS V) was published in the Official Journal of the EU
01/21/2015
Goldmans 'duped Libya out of oil cash': Investment bank facing claims it duped officials into investing £800m by plying them with girls, parties and luxury trips
Goldman Sachs facing High Court battle with Libya's sovereign wealth fund
01/21/2015
Collins issues second warning to PAC over Ansbacher probe
The same law firm wrote to the committee last month on Mr Collins' behalf, alleging it had exceeded its remit.
01/21/2015
Arch’s Farrell disappointed by 'regrettable' Tribunal ruling
The Arch Cru funds were predominantly invested in Guernsey cell companies listed on the Channel Islands Stock Exchange, for which AFP was also the investment manager.
01/21/2015
Burns drops Threadneedle and BlackRock in overhaul
Two major funds have been ousted by multi-manager James Burns in a portfolio revamp that has seen him hike his exposure to investment trusts.
01/21/2015
Investors spy opportunity in Europe's cash pile as QE nears
The ECB's widely-anticipated stimulus campaign to buy bonds and revive the flagging euro zone economy could open a sluice for more company cash to flow back to shareholders.
01/20/2015
Britain’s FCA rules that copy trading should be regulated in same category as portfolio management
This MiFID service is characterised by the fact that investment decisions are implemented without any intervention
01/20/2015
FCA consults on FSCS management levy
FCA proposes management costs of £74.4m for Financial Services Compensation Scheme.
01/20/2015
Alpari UK Placed in Special Administration by FCA as No Deal Has Been Reached
As far as Forex Magnates knows, client funds have not been compromised as they are segregated based on FCA rules.
01/20/2015
Danish central bank cuts deposit rate as euro weakens
The central bank is reacting to the strong krone.
01/20/2015
Institutional investors' "stewardship" of large companies to be enforced by FRC
In its report, the FRC said that there was "the potential for a critical mass of oversight and engagement"
01/20/2015
Hong Kong police investigate Birmingham City’s ‘missing’ £2.55m
The BIHL statement did not name the former employee
01/20/2015
Reckitt Benckiser hit with £540k FCA fine
Weaknesses in RB’s systems and controls between July 2005 and October 2012 were compounded by inadequate records and training
01/19/2015
CISI criticise FCA over wealth management regulations
FCA regulations will delay technological progress in finance, the Chartered Institute for Securities and Investment warns.
01/19/2015
Fieldfisher Strengthens Finance Practice with new Partner Appointment
Simon’s experience encompasses acquisition and leveraged finance, syndicated lending, restructuring, asset based and real estate lending and alternative forms of debt finance.
01/19/2015
Liz Field, CEO of the Wealth Management Association comments on US and UK cyber games
As the British Prime Minister David Cameron and US President Barack Obama meet to discuss the growing threat of cyber crime and the increasing risk to business, Liz Field, CEO of the Wealth Management Association, the trade body whose members manage &
01/19/2015
International legal practice launches international private wealth practice
The newly launched practice will offer services covering international tax and estate planning, immigration, property advice and litigation support.