10/15/2019
Central Register of Beneficial Ownership of Corporates-An-Update-Ireland
On 29 July 2019 the Central Register of Beneficial Ownership of Companies and Industrial & Provident Societies ("Central Register") opened for filings.
Legal, Regulation & Compliance
10/14/2019
The market's uncertainty problem is getting worse
In many advanced economies, policy is not being conducted in a way that assists in providing some certainty to the decision-making process of local business.
10/14/2019
Managers hoping to see new era for fiscal policy
Departure of ECB's Draghi has many looking for strategy shift
10/14/2019
Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore
Offshore holdings, although in many cases completely legal, could help taxpayers hide taxable money and cut their bills if they stash their savings in low-tax jurisdictions.
10/14/2019
Deutsche Bank pulls the plug on Malta
Deutsche Bank has come under intense regulatory scrutiny across the globe over its processing of dirty money, some of which came about as a result of its correspondent banking relationships.
10/14/2019
Factris: EU Banks to Restrict Lending to SMEs
These new regulation changes will only make it more important for SMEs to avail themselves of alternative financing options available
10/14/2019
Brexit: Some Implications Under Irish Company Law - Ireland
Brexit may also have implications for auditors as UK audit firms may not retain automatic audit rights in Ireland if there is a no deal
10/13/2019
The Non-Resident Landlords Scheme
If your clients have entities with UK property which is generating rental income, they should ensure that appropriate returns are filed and tax paid by 31 January 2020.
10/13/2019
European Council adopts EU-wide whistleblower protection rules
Businesses and local authorities across the EU will need to establish whistleblower processes to comply with the new requirements.
10/13/2019
Irish Budget 2020 - A Roadmap for Irish and International Business
The annual Irish Budget provides a platform for the Irish Minister for Finance to announce tax changes and also to take stock of Ireland's economy and strategy for future growth.
10/13/2019
Failings on client funds safeguarding jeopardise fintech growth
The FCA's attestation form was aimed at ensuring "there is clear accountability and senior management focus on those specific issues where we would like to see change within firms".
10/11/2019
SJP ‘not in talks’ with FCA about charging structure
The call, leaked to the Sunday Times, suggested SJP managing director Ian Gascoigne expressed concerns that the FCA would likely want to examine the firm’s use of early withdrawal charges further.
10/11/2019
Ex Barclays finance chief would have faced charges over Qatar rescue, trial hears
The high-profile trial revolves around undisclosed payments to Qatar as Barclays raised more than 11 billion pounds from the Gulf state and other investors to avert a state bailout as markets roiled in the global credit crisis.
10/11/2019
Equatorial Guinea signs Lusophone Compact: new milestone in initiative to accelerate sustainable private sector development
The Portuguese Government has allocated Euro 400 million in guarantees and other risk sharing mechanisms in the 2019 national budget to support the implementation of the Compact
10/11/2019
Spanish manager Esfera Capital partners with HAMCO Financial to launch global equity fund in Spain
The Fund is managed by the Spanish manager Esfera Capital, advised by HAMCO Financial, and led by the fund manager John Tidd, who has over 20 years' experience in the management of alternative investment products non-domiciled nor registered in Spain
10/11/2019
Danske Bank stops hiring new staff amid higher compliance costs
The bank said in February it would spend up to 2 billion Danish crowns ($295 million) to step up anti-money laundering efforts, such as improving IT systems and hiring compliance staff.
10/11/2019
UK/Irish agreement gives ‘glimmer of hope’ to Brexit
The so-called Irish backstop issue had been a source of frustration throughout the Brexit discussions over how to handle the land border between the Northern Ireland, which would leave the EU, and Ireland, which would remain part of it.
10/11/2019
EU approves Greek bad loan scheme
“The European Commission has found Greek plans aimed at supporting the reduction of non-performing loans of Greek banks to be free of any state aid,” the Commission said in a statement.
10/11/2019
AllianceBernstein signs distribution agreement with Banca Generali to expand across Italy
Banca Generali will also distribute AB's Luxembourg domiciled funds through its open architecture platform.
10/11/2019
Suspect in Operation Dirty Oil moving €2.8 million to wife’s offshore company
Gordon Debono’s wife used Cypriot court to enforce two 2017 loan agreements for €2.8 million to trafficking suspect, using offshore companies