02/15/2021
Former City worker turned drug-dealer jailed after huge cocaine stash found hidden in van
Expensive designer watches and shopping receipts from Harrods were also found
Legal, Regulation & Compliance
02/15/2021
Wanted: Investment Banker Who Became Poster Boy Of Massive Tax Scandal
Mora made Interpol's Most-Wanted list this month, leading to the display of his face with a request for information about his whereabouts.
02/15/2021
Carey Olsen takes over as leading legal adviser to Jersey funds industry
Confirmation of Carey Olsen as Jersey's leading law firm for investment funds follows 10 years of considerable client growth in the sector, including a 115% increase since 2010 in the number of Jersey serviced funds it provides legal advice to and a
02/14/2021
FCA commences criminal prosecution against two individuals for insider dealing
The alleged offending relates to the trading in shares of a company ahead of a public announcement that it would be acquired by another company.
02/14/2021
London fights for its financial crown, but it will be a stretch
The EU has long resented the UK’s clout in financial services, and now Brexit has given it a chance to take the Square Mile down a peg
02/14/2021
Investors could face higher bills after compensation bill for victims of mis-selling and collapsed firms tops £1bn
The cost of claims for poor pension advice is predicted to total £256 million.
02/12/2021
Financial Regulation: Daily Update
The Payment Systems Regulator (PSR) has issued the following two Calls for Views (
02/12/2021
The Pension Schemes Act 2021 is Here - What Does it Mean for Trustees?
Trustees will not need to take immediate action on pension dashboards as the detailed duties will be set out in regulations and guidance.
02/12/2021
How is Brexit affecting UK employment rights?
There was a political backlash and considerable speculation that British workers were about to see a ‘bonfire of rights’, particularly in relation to working hours and holiday pay.
02/12/2021
High Court rules on 'value' in post bankruptcy petition payments
This is an important and useful decision, finally giving a reported authority based on which insolvency practitioners can analyse the meaning of "value" when looking to see if payments made after a bankruptcy petition can be overturned for the b
02/12/2021
Brexit and pensions – what do you need to know?
As the UK and Europe adapt to life post-Brexit the greatest implications for pension schemes and those who operate them will likely be the practical impact on businesses, and therefore employer covenants, and the impact of market volatility on scheme inve
02/12/2021
EBA launches public consultation on the draft technical standards on supervisory disclosure under the Investment Firms Directive
The information that competent authorities will have to disclose every year covers supervisory approaches and aggregate statistical data on the new prudential requirements for investment firms.
02/12/2021
Unexplained Wealth Orders in the UK: What Will This Year Bring?
It is inevitable that more UWOs will follow this year, and clarity about what they are and what they do is key to keeping both successes and setbacks in proper perspective.
02/12/2021
Luxembourg: No Interest And Royalty Deduction For EU Non-Cooperative Tax Jurisdictions
The Cayman Islands was removed from the list at ECOFIN’s last meeting in October 2020 and thus should not be impacted by this new law, given that it is effective from 1 March 2021 onwards.
02/12/2021
British financial firms using letterbox companies to sneak into EU, says Michel Barnier
British firms lost their EU “passport” to the Single Market on January 1 when the Brexit transition period ended.
02/12/2021
Carey Olsen advises Blackstone on Bourne Leisure acquisition
It operates through its three brands, Haven, Butlin's and Warner Leisure Hotels.
02/12/2021
The Global Coalition to Fight Financial Crime Announces two new Members and Five Expert Committees
This follows the Coalition’s recent publication of the Information Wall which highlights the high threat level and significant harms facing societies, and a need for improving the effectiveness of the collective response to financial crime.
02/11/2021
The case for an open financial system
He argues that these benefits are global, not regional in nature.
02/11/2021
Financial Regulation: Daily Update
The Commission expects all the necessary formal steps, including the formal approval of the EU Council, to be concluded for the RRF to enter into force in the second half of February 2021.
02/11/2021
New FCA report highlights technology change risk to consumers
It has published a report of its findings, including steps that firms can take to protect consumers from harm and disruption in the market.