03/20/2022
The central bank found $420 million in deposits and $2.5bn in custody or trust assets “with ultimate beneficial owners from or connected to Russia” in Bahamian financial institutions that are licensed to serve foreign clients.
03/20/2022
The Bank of England (BoE) has renewed its statement of commitment to the foreign exchange (FX) Global Code
03/18/2022
This new provision to allow UWOs to be made against person who don’t actually hold the property is designed to prevent people hiding behind complex corporate structures.
03/18/2022
The report identifies a number of opportunities that lawmakers, regulators and industry may wish to take advantage of.
03/18/2022
This warning comes in the context of growing consumer activity and interest in crypto-assets and the aggressive promotion of those assets and related products to the public, including through social media.
03/18/2022
It said it “will encourage other public sector bodies to do the same”.
03/18/2022
Ensuring that these transactions are settled in a safe and efficient manner is therefore essential for the EU's financial system.
03/18/2022
At the time, the FSCS said all 41 claims levied by former clients of John Dyer, which the FSCS said advised on BSPS pension transfers, were in progress.
03/18/2022
Liquidation of the firm follows the sale of Heritage’s Sipp book to Wiltshire-based firm PSG SIPP on November 18 2021.
03/18/2022
The European Commission’s Delegated Regulation (EU) 2022/229 entered into force on Monday 13 March 2022
03/18/2022
Its intention is to develop and implement a coherent standard for private equity and venture capital firms reporting on ESG issues.
03/18/2022
Euronet Worldwide will act as Piraeus Bank’s long-term partner for the provision of merchant acquiring services to Piraeus Bank customers.
03/18/2022
This tax information is exchanged as part of global collaboration to address tax compliance risks
03/17/2022
The Austrian lender’s business in Russia accounted for nearly a third of its net profit of $1.7bn in 2021.
03/17/2022
Some suspended funds - like the £236.7m Liontrust Russia Fund - may be able to use side pockets as a way out of suspension.
03/17/2022
The Data Act also proposes important changes to make it easier to switch cloud services.
03/17/2022
APP frauds occur where a victim authorises a bank transfer into an account which they believe is controlled by a legitimate payee, but actually belongs to a fraudster.
03/17/2022
The guidance also points to other resources, notably NCSC guidance.
03/17/2022
The purpose of the mechanism is to allow businesses to deal with just one data protection authority in relation to their EU operations, as opposed to DPAs across all EU member states.
03/17/2022
Side pockets would potentially give authorised fund managers the option to separate Russian and Belarussian assets, that are difficult to sell and/or hard to value, from the fund’s other core investments.