10/14/2020
Deutsche Bank Fined $16 Million by German Prosecutors in Danske Probe
Deutsche Bank accepts $16 million fine to end Frankfurt probe
Legal, Regulation & Compliance
10/14/2020
FIMBank incorporates AML monitoring tech from Fiserv
These solutions utilise sophisticated techniques such as behavioral analytics to detect suspicious transactions, leading to more accurate financial crime risk management and fewer false positives.
10/14/2020
Future Market Dynamics Part 2 - Big Tech and data disruption
The increasing importance of technological change creates new challenges for regulation.
10/14/2020
Carey Olsen named best offshore law firm at WealthBriefing European Awards
Carey Olsen has been crowned Best Offshore Law Firm at the prestigious WealthBriefing European Awards 2020.
10/14/2020
Druces crowned International Legal & Fiduciary Team at the WealthBriefing European Awards 2020
These awards recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect exce
10/14/2020
CISI names financial planning award winners
Financial planning firm Boosst Financial, based near Milton Keynes, won the accredited financial planning firm of the year award.
10/14/2020
Switzerland improves anti-bribery record
Switzerland is one of the few countries to actively enforce efforts to combat bribery of foreign officials, according to the latest international comparison by Transparency International. But the NGO warns that the Alpine country still lacks strong whistl
10/13/2020
FCA complaints scheme changes ‘unfair, immoral and illegal’
As trio of UK regulators seek to cap redress for financial loss at £10,000
10/13/2020
FCA bans IFA directors who provided false and misleading SIPP declarations
Vanguard Wealth Management Limited has no connection to the Vanguard Group.
10/13/2020
Banks call back stayaway staff abroad amid tax warning
Some banks have summoned their folks back to the UK, even when they don’t have to come back into the workplace.
10/13/2020
KPMG was auditor to Wirecard’s mystery Mauritian counterparty
Accountancy firm had criticised EY for the way it handled fraud allegations
10/13/2020
FSB says emerging economies should rewrite financial rules to rein in Big Tech
While the expansion of Big tech companies like Facebook, Google and Amazon has some benefits, their activity also gives rise to operational and consumer protection risks and concerns about market dominance, states the FSB.
10/13/2020
Use of Jersey and Guernsey Structures by US Managers Targeting European Capital
In the current politically driven regulatory climate, managers/promoters in the major US fund centres are increasingly looking for alternative ways to structure investment vehicles suitable for and acceptable to their European domiciled investor base.
10/13/2020
Cyprus officials implicated in plan to sell passport to criminals
Al Jazeera’s investigation reveals how senior Cypriot officials discussed ways to provide citizenship to a convicted criminal.
10/13/2020
Governance Guernsey: Creating a sustainable future
The importance of organisational purpose has been thrown into sharp relief by the pandemic, with the general public keeping a watchful eye on an organisation’s social and environmental impact.
10/13/2020
Corporate Transparency and Register Reform
UK Corporate Entities - UK Government publishes Corporate Transparency and Register Reform
10/13/2020
Financial Regulation Update
The draft application paper provides background and guidance on how IAIS supervisory material can be used to manage the challenges
10/12/2020
CMA hires law firm after open banking bullying claims
Imran Gulamhuseinwala, head of the business promoting UK open banking reforms, was accused of intimidation and bullying
10/12/2020
FCA bans IFAs who lied about high net worth clients
The false declarations meant more Vanguard customers were able to purchase shares in Elysian Fuels PLC, which were considered to be high risk and non-standard investments, through their James Hay Sipps.
10/12/2020
OECD drafts principles for $100bn global corporate tax revolution
Technical blueprint would upend taxation of US tech groups but still needs political agreement