01/21/2021
ABN Amro money laundering probe close to settlement, FD reports
ABN has not taken a provision for a settlement, but analysts expect the investigation to lead to a settlement with a fine of hundreds of millions of euros.
Legal, Regulation & Compliance
01/21/2021
Fitness and Probity - Central Bank of Ireland Expectations Not Being Met
The Central Bank will continue to engage with firms to assess the robustness of their application of the F&P Regime and will initiate necessary supervisory responses to any weaknesses identified."
01/21/2021
FCA proposes CMC fee price cap
'We estimate that the proposed cap on fees could save consumers around £9.6m a year.'
01/20/2021
Brewin Dolphin to pay out after client hit with £60k tax bill
Brewin Dolphin recommended he invest the £160,000 funds into a Sipp on the basis that Mr B had not contributed to a pension in the past three years and so had built up his annual allowance.
01/20/2021
Fallen tycoon faces jail after failing to turn up to court
A warrant was issued for his arrest.
01/20/2021
The Banks and the Police formalise their co-operation on anti-money laundering
The idea has been to find ways of increasing the level of co-operation between the banks and the Police and, by doing so, to improve the identification and prevention of money laundering, and combat organised crime and terrorist financing.
01/20/2021
Banque de France CBDC used for fund settlement project
The initiative is one of a number of different experiments underway at the Banque de France on potential applications for a central bank digital currency in interbank settlements.
01/20/2021
Compliance at home - The new normal
As we enter the latest lockdown, Newgate is working with clients to ensure their policies, procedures and risk assessments have been updated to take into account these significant changes to working practices.
01/20/2021
Dynamic Planner extends reporting feature to handle Mifid II rules
The reports are prepopulated from work completed in Dynamic Planner and created at the “touch of a button”.
01/20/2021
Post-Brexit Personal Data
With effect from 1 January 2021 the UK became a "third country" to EU Member States for data protection purposes.
01/20/2021
Carey Olsen advises Checkout.com on US$450 million Series C fundraising
Greenoaks Capital also joined the round, along with existing investors Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, and Singapore's Sovereign Wealth Fund GIC.
01/20/2021
FCA criticised for falsely black-marking adviser
The regulator got in contact with the individual to request further information, which it said needed to be provided within 10 days and if this was not possible, there were three further options available.
01/20/2021
LendingClub Receives Final Approval for its Acquisition of Radius Bank
LendingClub Bank will soon become a reality as the government issues final approval for the Radius Bank acquisition
01/19/2021
Stephenson Harwood advises Primonial REIM on real estate acquisition
The acquisition of this supermarket, which was previously held owned by a private individual, will strengthen Primonial REIM’s existing portfolio of shops.
01/19/2021
EBA observes an increase in the asset encumbrance ratio amidst extensive use of central bank facilities
In this context, the asset encumbrance ratio rose substantially in the first half of 2020.
01/19/2021
ESAs publish final draft ITS on reporting templates for intra-group transactions and risk concentration under FICOD
The draft ITS aim at further increasing comparability amongst conglomerates of different EU Member States thereby improving supervisory consistency.
01/19/2021
Carey Olsen remains out in front as leading legal adviser to Guernsey investment funds
The increase in Carey Olsen's market share is a reflection of the calibre and strength in depth of our funds team, the quality of relationships we hold with both clients and the onshore advisers who select Carey Olsen as well as the confidence that i
01/19/2021
More Traders Likely Face Charges in Danish Tax Investigations
Danish Prosecutors have three primary investigations into groups stretching from the U.S. to Malaysia that they say illegally claimed dividend tax refunds of around $2 billion.
01/19/2021
Can employers require employees to have a Covid vaccination?
We know that the Covid vaccines reduce but do not entirely eliminate the risk of catching Covid. It is hoped that the vaccines will also reduce the risk of transmitting Covid
01/19/2021
The winds of change: Implications in 2021 for IFCs
Beyond the US, geopolitics will continue to shape trade patterns with some adjustment in 2021, but not by too much.