01/03/2023
Bank fined €310,000 for failings on anti-money laundering laws
ECCM did not indicate where a transaction of €100 million came from
Legal, Regulation & Compliance
01/03/2023
FCA fines Santander over £100m for numerous AML failings
Investigation reveals failings amassed over almost five years
12/30/2022
New EU rules applying to non-EU companies
Turkish companies meeting the conditions laid out in the Directive will need to take into account the new sustainability reporting standards imposed by the EU and to implement new procedures in that respect.
12/29/2022
Linklaters advises DKSH on its acquisition of DNIV Group in Singapore
The Linklaters team was led by Singapore-based corporate partner and global co-head of TMT Niranjan Arasaratnam.
12/29/2022
Jordan Kuwait Bank : European Investment Bank...
This is the second EIB loan to Jordan Kuwait Bank and is part of a broader EUR 350 million financing program, endorsed by the EIB in May 2022, aimed at strengthening the economic resilience of Jordan's private sector.
12/29/2022
HMRC issues one month warning to millions of people ahead of deadline
The deadline for Self Assessment tax returns are rapidly approaching
12/28/2022
London letting agent hit with 11-year ban after repeat abuse of Bounce Back Loan scheme
Letting agency boss claimed multiple loans totalling £100,000 from two different banks, and attempted to claim a further £50,000 through the scheme
12/28/2022
Linklaters advises Echo Investment on the sale of the Face2Face Business Campus office complex in Katowice
Face2Face Business Campus consists of two buildings encompassing 47,000 sqm of office space.
12/28/2022
Signs of further ECB rate hikes send German bond yields to highest level since 2008
It came after ECB rate-setter Klaas Knot signalled on Monday that the bank will keep raising rates in the months ahead citing the continued risk posed by sky-high inflation.
12/28/2022
Europe investigators to visit Lebanon in central bank chief probe
The delegations have not requested assistance from the Lebanese judiciary, according to the official.
12/28/2022
CySEC fines Target Wealth €30,000
CySEC has recently spotted a scam where fraudsters claiming to be CySEC’s officers or appointed representatives are soliciting investors for fees in exchange for settlement of fake compensation claims.
12/28/2022
FRC finds 'instances of cheating' in accounting exams
The Financial Reporting Council (FRC) is the regulator of the UK’s accounting market.
12/27/2022
Leonteq reaches settlement in previously disclosed legacy litigation matter and provides business update
In the second half of 2022 to date, Leonteq continued to register reduced client demand on the back of an overall challenging market environment but recorded stable monthly net fee income over the same period.
12/23/2022
Why has the EU personal pension product failed to take off?
It is a ‘step in the right direction albeit a slow one so far’
12/23/2022
Santander, UK regulator reviewing allegations of senior banker's misconduct
The Financial Conduct Authority, which regulates financial institutions in the United Kingdom, opened its own case in the autumn to assess the claims, sources with knowledge of the matter said.
12/23/2022
German regulator rebukes Standard Chartered over European operations
In October, it criticised the bank after a special audit uncovered that its internal organisation did not meet legal requirements.
12/23/2022
Curtis Banks extends deal talks with Nucleus
The adviser platform is majority owned by private equity firm HPS Investments, and fellow private equity house Epiris also owns a smaller stake.
12/23/2022
FCA issues 1,800 potential scam warnings
The strategy focuses on three areas: reducing and preventing serious harm, setting and testing higher standards, and promoting competition and positive change.
12/23/2022
Scottish court clarifies the distinction between confidentiality and legal privilege
In October, in the earlier judgment, the Inner House ruled that communications covered by LPP cannot be recovered by the SLCC to investigate a third-party complaint unless the client of the solicitor gives permission.
12/22/2022
Highlights of the FCA’s approach in 2022
This action reflects the FCA’s increasingly data-led and assertive approach, which enables the regulator to find and deal with problem firms and misleading adverts swiftly.