10/07/2020
AIB considers charging wealthy customers for holding their money
Bank is grappling with low rates and rising household savings
Legal, Regulation & Compliance
10/07/2020
Property investment firms wound up after stealing £2.85m
70 investors were promised returns ranging between 7% and 16.9%
10/06/2020
BI Test Case - High Court grants 'leapfrog' certificates for appeal to SC
The FCA will press on with the application to appeal to the SC while continuing discussions with insurers and action groups to find a solution that avoids the need for appeal.
10/06/2020
French bank BNP is asked for information on Jeffrey Epstein's wealth
Ms George's suit alleges violation of the territory's civil racketeering law and sought forfeiture of Epstein's private island in the territory as restitution for his victims and unspecified damages.
10/06/2020
Lost trust: leaked files expose Jersey’s inaction on fraud scandal
But behind the scenes, it used client money for personal expenses by borrowing from clients under the guise of investments and onboarding new clients to repay the existing ones.
10/06/2020
Lugano bank ‘seriously breached anti-money laundering regulations’
The breach is in connection with the handling of Venezuelan client relationships.
10/06/2020
HSBC and UBS: Still more dirty deals by big banks
The bank is no stranger to such allegations, having squandered its reputation in a string of lawsuits brought against it for allegedly laundering $881 million for Mexican drug cartels.
10/06/2020
Ban for traders who owed £11.2m to clients
The Insolvency Service said it had found "several instances of misconduct"
10/06/2020
UK Financial Conduct Authority Bans the Sale of Crypto- Derivatives to Retail Consumer
These features mean retail consumers might suffer harm from sudden and unexpected losses if they invest in these products.
10/06/2020
Macfarlanes advises Seven Investment Management on acquisition
The acquisition will see Partners Wealth Management retain its brand, identity and leadership, and helps both businesses take the next steps in their respective strategic growth plans.
10/05/2020
Spain's Unicaja moving closer to Liberbank takeover
The discussions never stopped completely and have gained new momentum after CaixaBank and Bankia reached a deal this month, one of the people said.
10/05/2020
European anti-money laundering watchdog starts inspecting the Vatican
“The scope of this phase of evaluations is to assess the effectiveness of the legislative and institutional measures adopted by the jurisdictions in recent years,” the statement said.
10/05/2020
PIMFA urges Regulator to work more closely with industry to rebuild levels of trust in fair FSCS outcomes
The survey of 84 business owners and chief executives of member firms of PIMFA, the trade association for the wealth management and financial advice industry
10/05/2020
Portuguese regulator calls for criminal prosecution of auditors following Luanda Leaks
The regulator also identified situations in which auditors failed to identify parties to transactions, lacked adequate documentation to show “economic substance of underlying transactions” and did not maintain ”professional skepticism,&a
10/05/2020
Whistleblowing in Guernsey and Jersey - What Employers Need To Know
The specific rights which afford this protection are those conferred under the Islands’ respective employment protection
10/05/2020
FCA steps in after SVS clients face delays at new broker
A spokesman for ITI Capital has now told FTAdviser client registration are "running smoothly" after "initial challenges with the onboarding process".
10/05/2020
PM reveals plans for ‘Generation Buy’
The Telegraph reported it was “understood” that the government could accept some of the risk through a form of state guarantee to give lenders additional confidence.
10/05/2020
JFSC warns investors to be cautious in times of crisis
Many islanders won’t consider themselves investors but anyone who has a bit of money put aside and needing to make a decision about what to do with it is an investor.
10/04/2020
Covid-19: FCA finalised guidance on cancellations and refunds
UK investment firms that transact on trading venues outside the UK are not required to publish details of such transactions through a UK Approved Publication Arrangement (
10/02/2020
Caceis wins mandate and high praise from private equity client
The mandate also covers depositary, custody and financing services for the €1 billion fund.