08/26/2020
Billionaire’s Malta assets under worldwide freezing order after Turkey coup arrest
Shipping mogul Mübariz Mansimov, arrested over Turkey coup and alleged Gulen links, has shipping empire based in tax-friendly Malta
Legal, Regulation & Compliance
08/26/2020
Sant tells Brussels to safeguard consumer banking as COVID-19 shutters more branches
As banks move to digital, Alfred Sant questions the EU’s commitment in protecting essential banking services
08/26/2020
FNZ bites back at CMA over GBST merger block
FNZ has challenged the decision by the Competition and Markets Authority to block its proposed merger with rival GBST, saying that the watchdog has an artificially narrow view of the platform market.
08/25/2020
Ex-Chelsea manager fights to recoup €30m lost to ‘scam’
Italian financier claimed his investment scheme was backed by HSBC
08/25/2020
Former IFA among trio charged with fraud
Richard Emmett, a former solicitor, has also been charged with one count of fraudulent trading and one count of being concerned in an arrangement which facilitates the acquisition, retention, use or control of criminal property.
08/25/2020
UK plans law to force big companies to clean up their supply chains
Many big companies already have sustainable sourcing policies in place for co
08/25/2020
Germany to issue up to €12bn in green 'twin bonds' in 2020
Government wants to foster renewables, clean transport and research with securities that mirror rock-solid profile of 'Bunds'
08/25/2020
FCA consultation on extension of annual financial crime reporting obligation
Approximately 2,500 of the 23,000 firms we supervise under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) submit annual REP-CRIM information.
08/25/2020
U.S. judge dismisses lawsuit against Danske Bank over money laundering scandal
The plaintiffs had sought damages for investors who lost money in Danske’s American depositary shares from Jan. 9, 2014 to April 29, 2019.
08/25/2020
The Quiet Man in Stockholm Who Laundered China’s Oil Money for Iran
Unlike Zarrab, Nema has faced no charges for helping Iran evade sanctions.
08/25/2020
Carey Olsen a finalist for two STEP Private Client Awards
Carey Olsen has one of the largest trusts and private wealth teams in the offshore world
08/25/2020
Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents
Chinese citizens may apply for permanent residency or citizenship in foreign countries, but obtaining citizenship abroad generally means losing Chinese citizenship
08/25/2020
FCA in hot water as mini-bond probe delayed again
Interviews with senior staff at the FCA had also apparently only been made possible from mid-June and had taken "much longer than anticipated" whilst requiring "substantial additional work".
08/25/2020
Hitachi UK Pension Scheme agrees £275m buy-in with L&G
L&G stated that the scheme trustee was able to obtain a high degree of transaction certainty and take advantage of favourable pricing conditions and market capacity by locking the transaction price to the assets of the scheme.
08/25/2020
FCA steps up focus on advice firms facing collapse
In response to the request, only 14 advice firms admitted the economic fallout of the coronavirus pandemic threatened the survival of their business.
08/24/2020
Abta says Covid crisis could claim 18% of UK travel sector's jobs
Travel agents association calls on the government for a package of support measures
08/24/2020
Tougher EU climate target technically, economically feasible, researchers say
In analysis published on Monday, Agora Energiewende and the German research centre Oeko Institut lay out how the EU could revamp its climate policies to deliver the goal.
08/24/2020
Scammers use lockdown to ramp up bank fraud
Victims may be distracted by changing childcare or workplace commitments and could be more vulnerable because they lack their usual family and friend support systems, he warned.
08/24/2020
Govt extends eviction ban
The extension means no legal evictions will have taken place in England and Wales for six months, despite warnings previously sounded that the ban could "cripple" the rental market.
08/24/2020
FCA consultation offers significant benefits to UK open-ended property funds – Kames Capital
The consultation, released in August 2020 has proposed a range of options with regard to notice periods to address an illiquidity mismatch in open-ended property funds.