07/30/2020
Four arrested in suspected multi-million pound tax scam
These scams often target the elderly and vulnerable.
Legal, Regulation & Compliance
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
07/28/2020
World’s Best Sub-Custodian Banks 2020
Subcustodians make cross-border securities investing possible
07/28/2020
Fraudster David Haigh told he faces jail if he fails to provide financial details to a UK court
A judge has given the former executive of Bahrain’s GFH Financial Group two weeks to provide the documents
07/28/2020
Lasting Powers of Attorney meet the 21st Century
The new service will allow attorneys/ donors to create an online account once the LPA is registered; they can then add their LPA(s) using a reference number and activation key, which they can then choose to share with third parties.
07/28/2020
EBRD launches mobile app promoting green technologies
Technology and digitalisation continue transforming the way in which the financial sector is operating.