10/22/2020
Distressed debt specialist sues hedge fund veteran
IlliquidX has started High Court proceedings against Altana Wealth over alleged breaches of confidence over the Altana Credit Opportunities fund.
Legal, Regulation & Compliance
10/21/2020
EU to take legal action over Malta and Cyprus golden visas
Maltese prime minister defends programme for its contribution to the country’s economy
10/21/2020
FCA: Occasional paper on understanding consumer financial wellbeing through banking data
The report also finds that data derived from consumers' bank accounts can be used to identify consumers with lower financial wellbeing.
10/21/2020
UK charities and coronavirus: updates to Charity Commission guidance
The guidance also now includes an additional section on the rule of six.
10/21/2020
UK Fundraising Regulator publishes review into charities' compliance with reporting requirements
Many charities are reporting effectively on their fundraising approach, and to a lesser extent on fundraising standards.
10/21/2020
Controversial shell-company ‘factories’ seek a role cleaning up UK’s reputation
It would ‘put the fox in charge of the henhouse’, anti-money-laundering experts warn, after FinCEN Files identified thousands of U.K. shell companies linked to suspicious transactions.
10/21/2020
Germany Issues International Arrest Warrant Against Founders Of Panama Papers Firm: Report
Germany has reportedly issued international arrest warrants against two founders of the offshore law firm which was at the centre of the Panama Papers data leak
10/21/2020
Arrest warrants issued for founders of Panama Papers firm: report
The Panama Papers, a massive data leak in April 2016, exposed widespread tax avoidance and evasion
10/20/2020
How ING bank in Poland helped Russians launder money
Russian money has since the break up of the Soviet Union in 1991 sought safe investment havens in the West such as in Swiss banks, London properties, and French yachts.
10/20/2020
Independent investigation into the failure of London Capital and Finance
This collection brings together details and updates from HM Treasury on the independent investigation into the Financial Conduct Authority’s supervision and regulation of London Capital and Finance, and related matters.
10/20/2020
FCA taken to complaints commissioner over data breach
The FCA admitted the breach in February this year and confirmed it had referred itself to the Information Commissioner’s Office over the incident.
10/20/2020
Isle of Man regulator eyes shift in funding structure
Quilter International chief expects ‘an increase in fees over the next two years to be proposed’
10/20/2020
Financial Regulation Update
The papers are intended to help market participants and vendors consider whether any amendments to their systems or products may be needed if they choose to adopt SONIA compounding methods or transition to TSRRs.
10/20/2020
Greece's golden visa scheme comes to near halt
Greece sells five-year residency permits and European Union passports to wealthy foreigners, a scheme criticised for being open to money laundering and criminal activity.
10/20/2020
Another Lawsuit Challenges Fund Manager Strategy During COVID-19 Market Crash
Allianz Global Investors is again accused of not following the promised investment strategy for its Structured Alpha Funds.
10/20/2020
What the FCA’s business interruption case means for your business
The test case considered 21 “lead policies” issued by the defendant insurers.
10/19/2020
Bank of England boss: Best to 'act aggressively'
The G20 Debt Service Suspension Initiative has helped 44 countries defer $5bn (£3.8bn) repayments to spend on tackling the coronavirus crisis instead.
10/19/2020
ADGM and Companies House Gibraltar partner to bolster respective registration functions
MoU to facilitate development of ADGM and CHG registration functions
10/19/2020
EU sets sights on money market fund reform
French and Irish watchdogs worried about how close products came to experiencing a liquidity crisis in March
10/18/2020
Covid-19: FCA draft guidance for insurance and premium finance firms
The FCA has however stated that, although the August guidance expires on 31 October 2020,