07/21/2020
Juan Carlos: former Spanish king may be tried for money laundering
Juan Carlos flew to the South Pacific island for a nine-day stay in January 2016.
Legal, Regulation & Compliance
07/21/2020
FCA, PRA, BoE consultation on complaints scheme
This consultation may be of interest to anyone who is a potential or actual complainant under the Scheme.
07/21/2020
New Rules Around the Disclosure of Beneficial Ownership in Jersey: What You Need to Know
Of particular note the Law will apply to Foundations, which currently fall outside the scope of the Control of Borrowing (Jersey) Order 1958 (COBO).
07/21/2020
BNY Mellon selected as ETF custodian for Chimera Capital
“We are honored that Chimera Capital has appointed BNY Mellon as global custodian for this innovative new fund, which is not only the first Securities and Commodities Authority umbrella fund, but the first SCA ETF.”
07/21/2020
Zurich Prosecutors Probing Second Complaint About Ex-Baer CEO
“This is a third party matter, which we cannot comment on,” a spokeswoman for Julius Baer said. A spokesman for Collardi did not immediately return a call seeking comment. Pictet & Cie., where Collardi is now co-head of wealth management,
07/21/2020
Public sector finances bulletin
The bulletin is structured with the latest headline figures, revisions and information on recent events and/or methodological changes which impact on the statistics, located at the front of the bulletin.
07/20/2020
Cyprus: Thousands of NGOs face purge if not properly registered, minister says
Nouris said there were over 7,000 NGOs operating in Cyprus, and only 2,000 had their documentation up to date with his ministry.
07/20/2020
MALTA: 10,000 companies taken off registry
The idea is that all directors and shareholders of businesses will now be screened before being allowed to operate in Malta.
07/20/2020
UK Trust Register - final rules published
These regulations clarify some of the uncertainties raised by the previous draft regulations and accompanying consultation document which were issued in January this year.
07/20/2020
Switzerland and Cyprus sign protocol of amendment to their double taxation agreement
It still has to be approved by the legislator in both countries before it can come into force.
07/20/2020
U.K. Freezes $6 Million London Home Tied to Petrobras Scandal
The prosecutors have been seeking to trace funds from Swiss bank accounts held by a series of offshore companies, the judge said.
07/20/2020
Review launched to boost UK Fintech sector
A review into the UK’s financial technology industry has been launched today to identify opportunities to support further growth in the sector, The Economic Secretary to the Treasury, John Glen, has announced.
07/20/2020
Mattioli Woods helps clients recoup £10m via FSCS
Mattioli Woods was appointed to administer the various Sipp schemes of Stadia in February 2016, working in conjunction with the Financial Conduct Authority (FCA).
07/20/2020
Proposals to strengthen protections around promotion of financial products and cryptoassets published
Consumers of financial products and cryptoassets are set to get better protections against misleading and inadequate promotions in proposals published today by City Minister John Glen.
07/19/2020
HMT consultation on implementation of CRD V
The Directive must be transposed into national law by 28 December 2020.
07/19/2020
FCA seeks views on extending the implementation deadlines for the Certification Regime and Conduct Rules
This delay will give firms, who have been significantly affected by the coronavirus pandemic (Covid-19), time to make the changes they need.
07/19/2020
Covid-19: FCA CP - Extending the implementation deadlines for the Certification Regime and Conduct Rules
The FCA notes that where firms are able to certify staff and submit information about Directory Persons earlier than March 2021 they should do so.
07/19/2020
FCA confirms MoUs with ESMA and EU securities regulators
The FCA, ESMA, and EU national securities regulators, confirm that these MoUs remain relevant and appropriate to ensure continued good cooperation and exchange of information.
07/17/2020
Ogier's Private Wealth team "leading players in the Channel Islands"
Global Service Line Head of Private Wealth James Campbell, who advises individual and institutional clients on a wide range of trust matters, is "very pragmatic, sensible and a nice guy to deal with".
07/17/2020
Carey Olsen's Elaine Gray named Guernsey Chamber of Commerce's first ever female president
Elaine, who is partner and head of the Carey Olsen Guernsey dispute resolution and litigation team, has served as vice president of the Guernsey Chamber of Commerce for the past year.