06/12/2014
US Treasury 'approved BNP Iran licenses'
The US Treasury Department granted the bank two licenses in February and March for transactions in Iran as sanctions were being reduced against the country.
Legal, Regulation & Compliance
06/12/2014
Jersey to introduce attractive new measures to its company offering
Jersey is introducing further innovations to its Companies Law, making the jurisdiction even more attractive for those who use Jersey companies for investment structuring, asset holding and a wide variety of other purposes.
06/12/2014
British pensioners take on multinational investment company N.M. Rothschild
All 15 of the pensioners were sold N.M. Rothschild’s Credit Select Series Mortgage Loan, advertised as a legal means of Inheritance Tax mitigation.
06/11/2014
Private client community divided by public disclosure plans
The initiative, first unveiled at the G8 summit last year, forms part of global efforts to crack down on tax evasion, and the UK government was vocal about stopping its citizens from using shadowy ‘shell companies’ for money laundering.
06/11/2014
FCA is not taking RDR seriously: Shillito
The principles of RDR are not being taken seriously enough by the FCA
06/11/2014
Mishcon de Reya to launch independent private client business with offshore fiduciary firm
Mishcon's managing partner Kevin Gold said: 'Years of experience advising clients on their business and personal matters has helped us understand that families really are the most complex organisations in the world.
06/11/2014
Corporate guide ranks Carey Olsen as top offshore legal adviser to LSE clients
Carey Olsen is the number-one offshore legal adviser to London Stock Market clients
06/11/2014
ONS marriage statistics: comment from Penny Lovell, Close Brothers
Penny Lovell, Head of Private Client Services at Close Brothers Asset Management, comments on ONS marriage statistics:
06/10/2014
Thorntons secures three-way Scottish merger
Scottish law firms Thorntons, Murray Donald and Steel Eldridge Stewart are to merge later this year to create the largest law firm in eastern Scotland.
06/10/2014
Bank of England goes on attack against cyber crime
Unlike physical attacks which are localised, these attacks are international and know no boundaries
06/09/2014
Spanish court orders BoI to pay €116m over failed deal
Bank of Ireland must pay €103.5m compensation
06/09/2014
Thousands Lost Savings In £70m Boiler Room Scam
Two international share swindlers named in Mail on Sunday investigations are starting lengthy jail sentences after being convicted in the biggest ‘boiler room’ investment case ever brought by the Serious Fraud Office.
06/09/2014
Barclays' faces a £300m lawsuit from Amanda Staveley over Abu Dhabi deal
Barclays faces a £300million lawsuit from Amanda Staveley the hotshot deal maker who helped broker the bank’s emergency fundraising with Abu Dhabi investors during the financial crisis.
06/09/2014
Specialist hedge fund insurance broker warns Asset Managers of ‘Billion Dollar’ liability to Greek Bonds
A note from the Hellenic Ministry of Finance last month announced that any gains derived by non-resident owners of government and corporate bonds would have to be declared to the Greek tax authorities and would be subject to a tax rate of 33% for legal en
06/09/2014
ECB Headaches From BNP to Dexia Fester for Daniele Nouy
Daniele Nouy is coming face to face with the awkward side of Europe’s banking union.
06/09/2014
FCA fines Invesco Perpetual GBP18m for misleading derivatives disclosure
Invesco is also charged of various breaches of applicable investment limits and failing to put adequate controls in place to ensure that all funds were valued accurately and that all trades were allocated fairly between funds.
06/09/2014
Jersey hosts four day conference and seminar in partnership with the US Securities and Exchange Commission
The purpose of the conference is to encourage international co-operation between securities authorities in order to protect investors
06/06/2014
Italy's NCTM bolts on Rome TMT and finance boutique
While the firm has a focus on TMT and data protection, it also provides advice in other areas such as structured finance
06/05/2014
Regulating high frequency trading by Martin Wheatley, CEO, the FCA
Speech by Martin Wheatley, CEO, the FCA, at the Global Exchange and Brokerage Conference, New York. This is the text of the speech as drafted, which may differ from the delivered version.
06/05/2014
Guernsey responds to Queen’s Speech; seeks level playing field on beneficial ownership
Guernsey already regulates its corporate service providers who are required to keep records on beneficial ownership and so we believe that we are in many ways ahead of the curve.