03/15/2022
Not All Oligarchs Sanctioned Equally
Melnichenko who resides in St. Moritz, Switzerland, joined 13 other Russian oligarchs on the EU sanctions list.
Legal, Regulation & Compliance
03/15/2022
Dentons to separate from its Russia offices
This is a difficult decision which we have taken in full consultation with our colleagues in Russia in order to continue meeting our legal and ethical obligations.
03/15/2022
New Powers for Companies House sweeping in to oversee British and Overseas Business Entities
Companies House will, in future, play a major role in preventing the abuse and the reforms to the role of Companies House will be fundamental to the control of white-collar financial crime.
03/15/2022
Financial Regulation:Daily Update
It also discusses: the FCA’s approach to ex gratia payments/compensation; the complaints scheme factors; and the remedies statement.
03/14/2022
World’s Central Banks Set Policy for Economies Shaken by the War
Fed takes center stage among eight members out of Group of 20
03/14/2022
Joint statement from UK financial regulatory authorities on sanctions and the cryptoasset sector
The FCA has already written to all registered cryptoasset firms and those holding temporary registration status to highlight the application of sanctions on various entities and individuals.
03/14/2022
Will FCA proposals to improve access to advice be successful?
While some of these people will have reasons for doing so, we take the view that many of them simply do so because they are either unable to access an investment product or are unwilling to do so.
03/14/2022
European financial institutions turn their back on Russia
Deutsche had argued that it needed to support multinational firms doing business in Russia.
03/14/2022
Supreme Court finds in favour of right to privacy for those subject to criminal investigation
The Court of Appeal upheld this decision.
03/14/2022
Investors face conundrum on government bond allocations
On the one hand we are facing inflation that is clearly not a mere transitory headwind and the current commodity price surge is adding to longer term inflationary fears.
03/14/2022
Financial Regulation:Daily Update
The statement also outlines steps firms can take to reduce the risk of sanctions evasion via cryptoassets.
03/14/2022
Financial Services and Banking News
This policy statement contains feedback on the responses to its November 2021 Consultation Paper (CP) 21/21; and outlines the PRA's final policy following this consultation.
03/13/2022
JFSC: 386 new Russian sanctions designations have immediate effect
Due to the increasing volume of designations and their immediate effect in Jersey, we will now be flagging their source to Industry as soon as we become aware via our website and shared on our social media channels.
03/13/2022
Directors’ considerations amidst geopolitical unrest
We highlight the growing considerations of company directors having business operations, directly or indirectly in Eastern Europe.
03/13/2022
Warning on illegal crypto ATMs operating in the UK
The judge concluded that there was a ‘lack of evidence as to how Gidiplus would undertake its business in a broadly compliant fashion’.
03/13/2022
Financial Regulation Daily Update
The FCA provides an updated view
03/13/2022
FCA response to Chancellor’s call to stop investing in Russia
Major index providers have taken steps to remove Russian securities from their equity and bond indices.
03/13/2022
White & Case to Close Moscow Office
After careful consideration, we have decided to close our Moscow office.
03/11/2022
Ukraine Crisis: New US Sanctions on Russia and Belarus
Since then, the United States, along with its partners and allies, has announced a variety of new sanctions targeted at the Russian financial sector, Russian oligarchs with close ties to the Russian government and stringent export controls on technology,
03/11/2022
Abramovich and Deripaska among 7 oligarchs targeted in estimated £15 billion sanction hit
The UK has announced sanctions against 7 oligarchs including Roman Abramovich and Oleg Deripaska.