01/29/2020
SFO Internal Guidance on Evaluating a Compliance Programme
The SFO's Operational Handbook is for internal SFO guidance, does not constitute official guidance to third parties and is published in the interests of transparency.
Legal, Regulation & Compliance
01/29/2020
Devolution talks underway in Leeds
Talks will begin today (January 29) in Leeds between government ministers and local leaders on a devolution deal for West Yorkshire
01/29/2020
FCA letter to major banks on overdraft pricing
Over the past few days there has been significant comment about many headline overdraft rates, and in particular that major banks have aligned overdraft rates around 40 per cent.
01/28/2020
Drop in HMRC tax fraud investigations
As FOI shows number of raids fell by 23% last year but ‘interpreting the data is not straightforward’
01/28/2020
GAM activist calls for immediate action to re-examine sale
Swiss asset manager has previously dismissed speculation it was in talks about a potential deal
01/28/2020
Bank of China Settles Money Laundering Case for $4 Million
The lender will pay a 3 million-euro fine and 900,000 euros in damages to French tax authorities to put the criminal allegations behind it
01/27/2020
Senior partner bags £1m for lock-in deal extension
The agreement contained non-poaching and non-solicitation restrictive covenants for two years following termination of his employment, and a covenant preventing Rosenblatt from being employed, engaged or interested with any competitive business for 12 mon
01/27/2020
Guernsey Finance “is more relevant than ever”
Mr Wheatley said: “Representing the island and this financial community for the past five years has been among the most rewarding and enjoyable periods of my career.”
01/27/2020
Germany Probes Deutsche Bank Payments to Saudi Royal Adviser: FT
The money transfers were arranged in 2011 and 2012, along with other perks, including an internship and a seminar at a Swiss ski resort.
01/27/2020
Rothschild bank heirs sue authorities in Vienna for 'perpetuating Nazi laws by plundering £90m charitable trust that was seized by Hitler'
The lawsuit has accused district of plotting to sell valuable property under value
01/27/2020
PIMFA Welcomes IRSG Report on ‘Architecture for Regulating Finance after Brexit’
The report reflects a number of PIMFA views and interests, and will help our own bilateral work with Treasury to ensure that our detailed knowledge of the retail investment, savings, and advice markets, and their regulation, receives full consideration in
01/27/2020
FINMA Credit Suisse Investigation Could See Executive Overhaul
The bank is being investigated for spying on its own personnel.
01/27/2020
France charges bitcoin expert Vinnik with money laundering
The judges handed him preliminary charges of extortion, money laundering and organized crime activity, the official said Friday.
01/27/2020
Danish authorities struggling with surge in suspicious money flows
The agency said the FIU’s electronic screening model was “too simple” and had a “range of weaknesses”, and that it had failed to process all relevant reports and forward these to authorities.
01/27/2020
UK Money Laundering Regulations Added to the Art Market
While the precise contours of the new regulations will likely be subject to much debate in the coming months
01/27/2020
Gibraltar regulator says local businesses will pay 12% Brexit levy
The levy will not apply to companies from these sectors that do not passport into the UK, the GFSC added.
01/27/2020
More than £5 billion secured after crackdown on multinational companies diverting profits
The extra tax is due to reforms introduced in 2015 to tackle profit diversion.
01/27/2020
CySEC press release and policy statement on investment-based crowdfunding rules
In turn, the policy statement summarises the feedback received in response to the Consultation Paper and sets out CySEC’s final position on the subject matter.
01/26/2020
Chris Hemsley's speech at the Westminster Business Forum - 23 January 2020
This is the text of the speech as drafted and may differ from the delivered version.
01/26/2020
Europe’s Banking Regulator Paves the Way for Bank Mergers
Softer stance toward tie-ups comes as sector struggles to make money against backdrop of low rates