07/31/2020
HMRC ramps up crackdown on high net worth tax evasion
HM Revenue & Customs (HMRC) has ramped up investigations against the wealthy, as it seeks to show its commitment to battling sophisticated tax evasion.
Legal, Regulation & Compliance
07/31/2020
Stimulus Package Puts Europe on Road to Recovery
With the coronavirus pandemic hitting hard and Brexit on the horizon, the European Union’s recovery programme is a bold statement of unity.
07/31/2020
Global Guernsey
Rupert Pleasant, chief executive of Guernsey Finance, is a man with a plan to showcase the island’s expertise globally and gain new business from Hong Kong to the US, as Will Green found out when they met
07/30/2020
Not Just For The Ultra HNWI - The Role Of The Family Office In Protecting Your Family’s Current And Future Assets
The best set up will be considered on a case by case basis when factoring in the individuals’ lifestyle, family circumstances, and jurisdictional reach.
07/30/2020
Four arrested in suspected multi-million pound tax scam
These scams often target the elderly and vulnerable.
07/30/2020
EU Exit: EBA statement on firms' preparations for end of transition period
The EBA draws the attention of financial institutions that the transitional arrangements agreed by the EU and the UK in the context of the UK withdrawal from the EU will end on 31 December 2020.
07/30/2020
The Bank of England appoints Accenture as the Technology Delivery Partner for the Real Time Gross Settlement Service Renewal Programme
The Bank of England will work with Accenture to develop and build this new world class payments service.
07/29/2020
Witnessing Wills in a virtual way: significant changes
The Government plans to introduce the necessary legislation in September, but just issued detailed guidance on the strict procedural rules that will apply to witnessing via video conferencing.
07/29/2020
Bank of Ireland fined €1.66m for regulatory breaches
It also said it regretted its approach to the Central Bank investigation.
07/29/2020
Foreign Investment: Rising Tides of Politics in Regulation
We also set out practical advice on how to navigate FDI controls through effective deal planning and execution.
07/29/2020
Barclays sets aside further £1.6bn for bad loans
The board will decide on future dividends and capital returns at the year-end.
07/29/2020
Impact investing boutique announces final closing of PE sub-fund
Head of private equity and sustainable infrastructure at BlueOrchard, Felix Hermes, said: ‘This is a significant milestone for the fund."
07/29/2020
Mastercard Exec Reportedly Linked to Suspect Transactions at Cyprus Bank
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus.
07/29/2020
Europe's game changer
First, the EU will now have significant resources to counter economic shocks - for the first time since the euro began trading in 1999.
07/29/2020
EBRD to help boost financial stability in Montenegro
DPFM is an independent public institution incorporated in Montenegro and provides insurance to the owners of deposits held with local banks.
07/29/2020
Sparkasse Bank fined €217,000 for anti-money laundering breaches by FIAU
Austrian bank failed to carry out proper due dilegence on voluminous transactions by high-risk customers
07/28/2020
IFA firm slams ‘incorrect’ portfolio switching article
After it was reported the company put customers into pricier poor-performing funds
07/28/2020
As bankers return to the office, industry body warns of new risks of bad conduct
In order to maintain social distancing in offices, many firms have split their workforce into groups, with only some on site at any time.
07/28/2020
EBase Mandates Societe Generale Securities Services in Germany and MFEX
Our innovative and comprehensive range of services will be a key asset for ebase to support its ambitions for profitable growth.
07/28/2020
PIMFA welcomes Work and Pensions Select Committee investigation into pension scams
As part of this initiative, PIMFA is producing advice on how to avoid scams, including advice on what information regulated wealth managers and financial advisers