08/02/2021
Data on Maltese nationals’ Dubai offshore holdings given to police
Dubai List has information on around 20 Maltese nationals’ offshore holdings
Legal, Regulation & Compliance
08/02/2021
Mishcon de Reya and former partner face prosecution by solicitors regulator
Prestigious London law firm known for its elite clientele including top football clubs ‘has case to answer’
08/02/2021
FCA Consumer Duty must also have clarity for firms
PIMFA is also urging the Regulator to give due consideration to the broader regulatory architecture and how its proposals may interfere inadvertently with business models
08/02/2021
Regulatory sandbox
The sandbox is for authorised firms, unauthorised firms that require authorisation, and technology businesses that are looking to deliver innovation in the UK financial services market.
08/02/2021
Financial Regulatory Daily Update
The EC has asked ESMA to provide advice on a number of areas
08/01/2021
French Law Commission recommends revamp of anti-corruption laws
This was because HATVP is independent from the executive and has more budgetary and functional autonomy than the AFA.
08/01/2021
German court rules on the right to access under the GDPR
This means that it includes internal documents and correspondence with or about this person.
08/01/2021
HMRC identifies AML risks facing the art market
The global art market is valued at more than £50 billion, with an estimated £2.3 billion of this per year linked to financial crime.
08/01/2021
HMRC’s review of Family Investment Companies and their use for wealth planning
Whilst so far there have not been any significant changes to the taxation of FICs, we may see new anti-avoidance rules in the future.
08/01/2021
Celebrity endorsement by Katie Price inadvertently promotes a Forex Scam to her followers
Most of the money is lost online and the government's National Cyber Security Centre battles to take down hundreds of websites promoting financial fraud as they arise.
08/01/2021
German law allowing institutional funds to hold crypto comes into effect Aug. 2
As much as $415 billion worth of investments could flow into cryptocurrencies as new laws governing German Spezialfonds go into effect.
08/01/2021
Monzo bank in money laundering rules investigation
Digital bank Monzo is being investigated by the Financial Conduct Authority (FCA) over potential breaches of financial crime regulations, the bank has disclosed.
07/30/2021
Socialite Art Collector Jailed in U.K. For Kusama Pumpkin Fraud
Judge David Tomlinson delivered the sentence in a London courtroom on Thursday, saying that the art collector had breached “trust and accountability.
07/30/2021
Walkers London launches EMEA-based Bermuda law practice
Walkers' London office provides time-zone sensitive Bermuda law support to clients in the EMEA region across the full range of legal services
07/30/2021
Macfarlanes advises Chrysalis Investments
Returns from the sale of Embark will be used to fund Chrysalis Investments’ pipeline of investment opportunities.
07/30/2021
Ralph v Ralph leaves open the door for trust rectifications
In that case, there was no need to establish the mistake was mutual.
07/30/2021
European Commision Replies On SDFR Priority Issues
The European Commission's confirmation that SFDR does apply to these Non-EU AIFMs cannot come as a surprise
07/30/2021
Special purpose acquisition companies: FCA confirms more flexible approach to listing
The consultation followed the UK Listing Review, which had noted that this presumption of suspension is a significant deterrent to the growth of the SPAC market in the UK.
07/30/2021
FCA’s regulatory decision-making proposals – faster and less costly, but at what price?
As is the case with statutory notices currently made under Executive Procedures, the FCA will permit (and not disclose to the subject of the notice) communications between staff recommending that action be taken,
07/30/2021
Reforming a Cayman Islands STAR trust: A lesson in obsolescence
The written reasons recently released by the Court