06/16/2014
Millionaire Official Sues Navalny Over Offshore Report
In a blog entry, Navalny dismissed Liksutov's explanations as lies
Legal, Regulation & Compliance
06/16/2014
U.K. Prosecutor Raids Triple After Years of Bungled Cases
The U.K. Serious Fraud Office tripled the number of raids it carried out in the last year, in a sign the agency is trying to rebuild its image as a tough prosecutor after years of collapsed cases.
06/16/2014
Financial Conduct Authority fines Credit Suisse and Yorkshire Building Society for financial promotions failures
Firms failed to ensure financial promotions were fair and not misleading.
06/16/2014
Greenpeace Loses Millions in Rogue Employee Forex Contract"
An employee at Greenpeace has lost the environmental charity €3.8m on foreign exchange management contracts, it has revealed ahead of the publishing of annual accounts.
06/13/2014
Understanding Basel III with the CRD IV navigator
Basel III was developed by the Basel Committee on Banking Supervision in response to the global financial crisis. It is the biggest regulatory change that the banking industry has seen in decades.
06/13/2014
Will Mifid II ban exchange front ends?
One reading of a small clause in the discussion paper suggests big changes
06/13/2014
Banks to Get EU Approval to Use Wider Range of ABS Debt
European Union banks are set to win the right to use a wider range of asset-backed debt to meet their liquidity requirements as the bloc hunts for ways to boost the market for such securities.
06/13/2014
ALEX BRUMMER: The SFO's frustrating efforts to bring justice to bad bankers
American prosecutors have the catch-all of ‘wire fraud’ to fall back on when all else fails, but Green thinks the odds are stacked against him.
06/12/2014
Regulators must define conduct risk, Nomura op risk head says
OpRisk Europe heard yesterday that the UK regulator needs to provide the industry with a definition of conduct risk to help banks formulate a unified and consistent approach to managing such risks
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.
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