03/02/2022
UK to boost sanctions enforcement and corporate transparency
The UK government has announced a significant package of sanctions in the wake of the invasion.
Legal, Regulation & Compliance
03/02/2022
Credit Suisse asks investors to destroy documents linked to oligarch and tycoon yacht loans
Swiss bank issues legal request to stem information leaks after FT story on lending unit
03/02/2022
DeVere partners with law firm to offer tax advice in Spain and Portugal
The jump in demand in the last 12 months has been considerable.
03/02/2022
Emerging Europe funds suspend dealings amid sanctions
A spokesperson for Barings said it will continue to "actively assess" the impact of the events in Russia and Ukraine as they unfold.
03/01/2022
War in Ukraine triggers radical shift in economic, energy outlook
War in Ukraine is changing the geopolitical and economic landscape, with profound consequences for global growth and markets.
03/01/2022
Financial Regulation: Daily Update
Responses to the consultation are requested by 6 May 2022.
03/01/2022
Whistleblowing quarterly data
Every report we receive will contain one or more allegations of wrongdoing.
03/01/2022
Government takes landmark steps to further clamp down on dirty money
Government bringing forward new legislation to tackle economic crime following Russia’s invasion of Ukraine.
03/01/2022
EU Annex II Update - Bermuda & BVI
No direct penalties or sanctions will be imposed by any EU member states on entities or institutions in listed jurisdictions as a result of their inclusion in Annex II.
03/01/2022
The BVI and the EU
On 24 February 2022, the Council of the European Union updated the EU list of non-cooperative jurisdictions for tax purposes.
03/01/2022
Liontrust suspends its Russia Fund
The suspension of the Russia Fund will not have any impact on any other Liontrust funds.
03/01/2022
EBRD moves forward with action against Russia and Belarus
To pass the resolution under Article 8.3 requires the support of a majority of not less than two thirds of the Governors, representing not less than three fourths of the total voting power of members.
03/01/2022
UBS and boutiques follow JPM AM in suspending Russia and EM Europe funds
(Updated) Several groups announce measures to limit or temporarily cease trading.
03/01/2022
Russia's Sberbank in Europe faces closure after savers demand money
Austria’s Financial Market Authority imposed a moratorium on Sberbank Europe, which is based in the country.
03/01/2022
‘No quick fix’ for UK amber flag pensions rules issues
New transfer rules introduced in November 2021 require the trustees of a transferring pension to find an amber flag
03/01/2022
FCA to increase salaries of lowest paid staff in new employment offer
£5,500 average increase across business
03/01/2022
Dealings with sanctions target-owned businesses require UK licence
It is important businesses do their due diligence to understand exactly who they are transacting with currently and screen who they might do business with in future
02/28/2022
The world's largest sovereign wealth fund said it will dump its Russian assets on the Ukraine invasion
Norway's $1.3 trillion sovereign wealth fund will exit its Russian investments on the invasion of Ukraine.
02/28/2022
Transfer of personal data between Europe/UK and Asia: Key changes and practical tips
One of these conditions is the use of SCCs which effectively function as a contract ‘pre-approved’ by the European Commission entered into between the data exporter and data importer which imposes certain data protection obligations on both pa
02/28/2022
U.K. Plans New Law to Crack Down on Foreign Money Laundering
Law will set up registry of foreign owners of U.K. property