01/11/2022
The FIAU found Southern Cross failed to adequately document its internal procedures to fight money laundering and did not properly screen its customers before accepting their money.
01/11/2022
This came to light after both authorities found that US taxpayers with no connection to Malta were misconstruing the pension provisions of the Treaty to avoid income tax on the earnings of, and distributions from, personal retirement schemes established i
01/11/2022
We are setting out the new structure for authorisation application fees that comes into effect from 24 January 2022.
01/11/2022
FCA chief executive Nikhil Rathi: ‘We are now finalising our legal analysis with a view to making decisions as to whether to take action’
01/11/2022
It is common for the European Commission to formally report on the operation of such legislation and make proposals for reform.
01/11/2022
It said its processing cost ranged from £2,450 on average for straightforward cases to £6,750 on average for more complex ones.
01/11/2022
Since then, Amazon Web Services has suffered a serious outage that affected a host of big firms, prompting serious worries at regulators around the world.
01/11/2022
Effective competition is central to ensuring markets work well and is at the heart of the FCA’s wholesale strategy.
01/11/2022
Commission Delegated Regulation amending Delegated Regulation (EU) 2016/1675 and supplementing the Fourth Money Laundering Directive (MLD4) has been adopted by the European Commission (EC).
01/10/2022
Important update for owners of French property: changes to succession law in France
This changed in 2015 when the EU Succession Regulation came into force.
01/10/2022
Trust and estate practitioners in Jersey and in the UK are well versed at advising clients the opposite however – that Jersey does not form part of the UK.
01/10/2022
Updated AIFMD Q&A signals Ireland is ‘very much open for business’
The CBI also noted that the QIAIF’s prospectus should detail the role of the AIFM with respect to its ongoing oversight and review of services provided by such non-discretionary investment advisors.
01/10/2022
The FSB has requested feedback to these practice papers by 15 March 2022.
01/09/2022
Ounapuu Ltd (formerly Ferratum UK Limited) enters a Creditors’ Voluntary Liquidation
The Liquidators will provide updates to customers as soon as possible.
01/09/2022
FCA commences criminal proceedings in relation to Collateral (UK) Ltd
The FCA alleges that the Curries, who are brothers, dishonestly represented to investors that Collateral was authorised and regulated by the FCA to operate as a peer-to-peer lender knowing this was untrue.
01/09/2022
France fines Google, Facebook millions over online tracking consent
Cookies have been a source of privacy concerns because they can be used to track users
01/07/2022
HMRC waives late self-assessment penalties
The penalty waivers give taxpayers who need it more time to complete and file their return online and pay the tax due without worrying about receiving a penalty.
01/07/2022
Our article considers key implications for firms in the financial services sector.
01/07/2022
One relevant factor when assessing proportionality would be, in the view of the CJEU, that in the present case, Telekom did not apply for an exemption of Art. 5 EUBR to try to avoid its entrepreneurial freedom being limited.
01/07/2022
The FCA was also requested to clarify how the MIFIDPRU rules