06/03/2021
Crypto firms fall short on anti-money laundering rules, UK watchdog says
The cryptocurrency world has been plagued through its 12-year life by lax standards on money laundering and other illicit activities.
Legal, Regulation & Compliance
06/03/2021
Banker Flew Jet to U.K. and Found Cops Waiting With U.S. Charges
Peter Weinzierl wanted by U.S. on money laundering allegations
06/03/2021
Carey Olsen and Praxis Fund Services support Taylor Maritime Investments on London Stock Exchange listing
Following its admission to trading, Taylor Maritime Investments has confirmed the simultaneous acquisition of 17 vessels from multiple vendors.
06/03/2021
LIBOR Cessation: Investment Managers Look to the Future
It isn’t controversial to suggest the transition away from LIBOR will have a significant impact on operational workflows.
06/03/2021
EU Cross-Border Fund Distribution Rules - Are You Ready?
Despite the looming August 2021 deadline, to date, there has been quite a low level of local implementation across EEA Member States.
06/03/2021
Temporary Registration Regime extended for cryptoasset businesses
The extended end date will allow cryptoasset firms to continue trading while the FCA continues with its assessments.
06/02/2021
EDPB adopts opinions on first transnational Codes of Conduct for cloud service providers
It is expected that the Belgian and French data protection authorities will now finalise their decisions to approve the codes.
06/02/2021
Announcement: HM Treasury to extend PRIIPs exemption for UCITS funds for five years
This announcement is being made now to provide certainty for industry and investors regarding the disclosures UCITS funds providers will have to make to retail investors beyond the end of 2021.
06/02/2021
Fraud claims over Scottish ‘mini-umbrella’ firms with directors in Philippines
New research estimates that about 600 “mini-umbrella” companies have been set up to take advantage of the employment allowance
06/02/2021
The future of RegTech – what do firms really want?
Increased efficiency created by implementing RegTech solutions was the next most commonly cited benefit, improving the company’s position and staying competitive.
06/02/2021
Bank of France Steps Up Call for Disclosure of Climate Risks
The G-7 this weekend will debate how strict rules it should make rules on requiring companies to measure and detail risks they have coming from climate change.
06/02/2021
Banker first to be jailed in German tax fraud scandal
The regional court is hearing several cases over the so-called "cum-ex" scandal, in which bankers are accused of helping clients claim multiple rebates by shuffling ownership of shares on the day dividend payments fell due.
06/02/2021
Rt. Hon. Claire O’Neill confirmed as keynote speaker for Sustainable Finance Week
The former Member of Parliament will deliver the opening speech on Tuesday 8 June
06/01/2021
U.K. banks block payments to crypto exchanges
Cryptocurrency users have been taking to social media in recent days to complain about the various crackdowns.
06/01/2021
Mark Williamson: Edinburgh pensions expert puts fund managers in focus
The default defined contribution schemes concerned hold the savings of millions of people, including many on relatively low incomes who have been automatically enrolled in company plans.
06/01/2021
Pinsent Masons advises Nest pension scheme on infrastructure investment
Nest intends to invest in a range of infrastructure types including fibre networks, social housing, water and waste treatment plants, and seaports.
06/01/2021
FCA publishes speech on the rise in scams and the threat to a legitimate financial services industry
Mr. Steward noted that there has been an increase in the number of investment scams over the past year, which is expected to continue rising.
06/01/2021
Proposed New Framework for Business Taxation in the European Union
BEFIT will replace the long pending but never agreed EU proposal for a Common Consolidated Corporate Tax Base (CCCTB) across the EU.
06/01/2021
Pair sentenced to 19 years for £2m investment fraud
Analysis of bank statements following an eight year investigation showed over £30m went through the various company accounts controlled by Mr Seakens.
05/31/2021
Financial Regulation: Daily Update
The FCA has also published an infographic on the new rules and a research note on how incentives affect consumers’ choices, focusing on purchases of motor and home insurance made through price comparison websites.