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.
Legal, Regulation & Compliance
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
10/12/2020
TLT Advises partners wealth management on aquisiton by 7IM
TLT has advised the owners of financial planning firm Partners Wealth Management (PWM) on its acquisition by Seven Investment Management (7IM). The acquisition will provide a boost for both firms’ respective strategic growth plans.
10/11/2020
Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements
The group of central banks will continue to work together on CBDCs, without prejudging any decision on whether or not to introduce CBDCs in their jurisdictions.
10/11/2020
Financial Regulation Update
The FCA recently recovered a sum of money following the realisation of assets the Group's director ordered to sell, which the FCA is now required to distribute to investors.
10/11/2020
Law firm survey 2020
Key findings of our latest law firm survey
10/11/2020
Data subject access requests: Five key points to consider
The recent UK case of Lees v Lloyds Bank Plc [2020] EWHC 2249 (Ch) considered this tension regarding DSARs.
10/09/2020
German Property Group companies enter preliminary bankruptcy proceedings
The GPG companies are incorporated in Germany and are not authorised by the FCA.
10/09/2020
Mortgages and coronavirus - enabling positive consumer outcomes
Speech by Jonathan Davidson, Executive Director of Supervision – Retail and Authorisations, at the Mortgage Forbearance Webinars.
10/09/2020
Britain’s banks turn cyber sleuths to crack $100-B mortgage mystery
The searches involve pouring over anonymized data and are a way of surveying overall risk rather than individual customer habits.
10/09/2020
Covid-19: FCA speech on protecting mortgage borrowers
The approach set out in the document is not binding on national competent authorities (NCAs), insurance distributors or insurance manufacturers.
10/09/2020
Travers Smith advises Elysian Capital LLP on the fundraising of its third vintage fund, Elysian Capital III LP
The fund, with more than 20 LPs mainly from Europe and North America, has achieved great success during challenging times.
10/09/2020
FCA calls on investors in land bank Ucis to reclaim funds
The company told victims it would negotiate with a developer to return a "large profit" to investors.
10/09/2020
European Lawmakers Are Looking For New Ways To Fight Money Laundering In The Wake Of The FinCEN Files Investigation
“The FinCEN Files illustrate the vast scale of the problem,” Šuica said. “The European Union has to act decisively and collectively with the European approach to supervision.”
10/08/2020
UK woman tried to fly to Dubai with $2.44 million in cash in five suitcases
Officers searched her suitcases and found the huge cash haul, the largest detection at the UK border so far in 2020.