12/24/2019
Probe unearths second spying case at Credit Suisse
The probe was launched following media reports last week that spying at Credit Suisse ran deeper than one case.
Legal, Regulation & Compliance
12/24/2019
IRELAND UPDATE: European Commission consults on an EU framework for markets in crypto-assets
The Commission and European Council have jointly declared that they are “are committed to put in place the framework that will harness the potential opportunities that some crypto-assets may offer”.
12/24/2019
Walkers' Global Aviation Team acts on Airborne Capital's Inaugural US$637 million ABS
Walkers Professional Services, in both Cayman and Ireland and led by Fiona de Lacy and Elaine Anderson, provided fiduciary and cash management services throughout the warehouse phase of the transaction and will continue to provide fiduciary services throu
12/24/2019
The latest trends in philanthropy
The reputation of some of the more prominent charities has been tarnished and coupled with the perceived administration costs of some of these larger organisations, alternative ways of directly benefitting causes are increasingly being explored.
12/23/2019
BoE self-assessment of RTGS and CHAPS against PFMI
There has been considerable progress made across both governance and risk management.
12/23/2019
Time to sell? Principal private residence relief to become less generous
Property owners wishing to benefit from the longer exemption will need to have their properties sold by the start of the new tax year on 6 April 2020.
12/23/2019
Aggravated money laundering: indictment filed against Mykola Martynenko and a further Ukrainian national
Mykola Martynenko is alleged to have arranged for these accounts to be opened in preparation for the money laundering offence.
12/23/2019
Millions still to be repaid for power of attorney fees
There are two types of LPA: one that allows the attorney to make decisions about the donor’s property and financial affairs, and another that covers health and welfare.
12/23/2019
EU Banking and Finance Regulatory Newsletter - December 2019
This means that any UK-tweaking of the Withdrawal Agreement Bill, which is already amending workers’ rights, when brought back to the House of Commons may pose problems for getting trade talks underway in a smooth fashion.
12/23/2019
Cryptoasset businesses: are you ready for 5MLD?
These businesses should therefore be taking all appropriate steps to ensure that they will be in a position to comply with the MLRs with effect from 10 January 2020 in the event that they are brought within scope at that time.
12/23/2019
PRA announces special requirements regarding whistleblowing systems and controls at the Society of Lloyd’s
The Society of Lloyd’s has voluntarily agreed to a number of additional requirements relating to whistleblowing and these are published today by the PRA.
12/23/2019
Gibraltar sets out sweeping new financial reforms for 2020
The LRP Regulations do not change the substance of the current legislation they derive from and they remain similar.
12/23/2019
FCA told to consider disclosing firms' PI details to clients
Complaints commissioner Antony Townsend said he sympathised with the client but ultimately sided with the FCA on its grounds of confidentiality.
12/23/2019
How Brexit will affect cross-border divorce
The key piece of legislation in the area of cross-border divorce and children matters is Brussels II(a) (Regulation 2201/2003).
12/22/2019
HSBC and JPMorgan Traders Accessed BOE Audio Feed, FT Says
Banks try to establish whether staff used feed probed by FCA
12/22/2019
Bankers-turned-winemakers are transforming England into wine country
English wine has changed from a novelty or joke into a serious contender
12/22/2019
Investigators put bounty call outside Harrods for Russian oligarch wanted on allegations of $2.5bn fraud
It has also hired a mobile billboard to drive around Knightsbridge, where it says Mr Bedzhamov is currently thought to live.
12/22/2019
Why EU Climate Weapon Is in the Financial Fine Print
The EU is committed to meeting the targets of the Paris Agreement, and with new leaders just taking their posts, its ambitions are higher than ever.
12/22/2019
Panama Papers supply 18.6 million euros
Reported in Belgium Knack, De Tijd and Le Soirthat at minimum 732 names of Belgian residents and residents come in the information breach of 11.5 million papers.
12/22/2019
ESMA follow-up report on fees charged by CRAs and TRs
The Treasury, in exercise of the powers conferred by section