02/13/2020
One Million ePayments Accounts Frozen on FCA Orders, AML Concerns
Anti-money laundering concerns strike another business dealing with crypto
Legal, Regulation & Compliance
02/13/2020
Barclays boss Jes Staley's links to Jeffrey Epstein investigated
Bank board says it has full confidence in CEO as UK financial watchdog looks at ties to disgraced financier
02/13/2020
Harwood drops Frenkel Topping bid
Under City rules Harwood Capital, which is run by veteran investor Christopher Mills, is now barred from bidding for the advice firm for six months, unless special circumstances allow.
02/13/2020
Cyprus, Portugal among states rebuked by EU over delays in money-laundering reforms
EU governments and lawmakers agreed on the new rules three years ago and then formally adopted them in 2018
02/13/2020
MONEYVAL experts say Gibraltar must do more to combat money laundering and terrorism financing
Their report outlined numerous case studies of international cooperation with other countries in investigations ranging from terrorism to money laundering and organised crime.
02/13/2020
European Commission speech on ECB annual report
We will also establish an EU Green Bond Standard and explore how it can increase public and private finance for sustainable investments.
02/13/2020
Stepdaughter of a 'hedge fund genius' accused of running a Ponzi scheme flew to Sydney by private jet to get a top-notch boob job allegedly using investors' money, court told
Family allegedly used money from Goldsky hedge fund to fly on a private jet
02/13/2020
EU leaves euro zone growth forecast unchanged for this year and next
Inflation is likely to accelerate slightly, the Commission said, because of the likelihood of higher oil prices and the effect of higher wages passing through to core prices.
02/13/2020
FNZ all set to acquire IPSI for European business boost
Bringing together IPSI’s solutions and FNZ’s core technology and global client relationships will allow us to capitalise on the opportunities we see in the market.”
02/13/2020
Financial sector targeted in HMRC's crackdown on tax evaders
The investigations and cases under review cover UK businesses of all sizes and operating across 10 different sectors including financial services, oil, construction, labour provision and software development.
02/12/2020
Javid seeks 'equivalence' for financial services in EU talks as Gove warns of border checks
Cabinet member Michael Gove has told businesses to prepare for checks at the UK border from January next year, as frictionless trade with the EU comes to an end.
02/12/2020
Govt passes FSCS levy concerns back to regulator
"The government has no role in setting the levy."
02/12/2020
EBA puts forward concrete proposals to improve the current DGSD legal framework
The third Opinion recommends clarifying what funds count towards DGS’s available financial means and the use of DGS funds for failure prevention.
02/12/2020
CySEC issues announcement on Brexit
The United Kingdom, as a third country in relation to the EU, will not participate in any way in the European bodies and decision making processes of the EU.
02/12/2020
Cyprus 'golden passports' scheme a laundering risk, says watchdog
Under the program, a minimum 2 million euro ($2.18 million) investment can get a passport and instant visa-free travel throughout the European Union, of which Cyprus is a member.
02/12/2020
Russia to tap 'rainy day fund' to buy central bank's stake in Sberbank
Two sources close to the deal told Reuters that Sberbank’s stake is estimated to cost around 2.45 trillion roubles ($39 billion), below the market value of 2.8 trillion roubles based on Refinitiv Eikon data on Tuesday.
02/12/2020
Private equity fund Aurelius files criminal complaint against short seller
The move comes after Ontake Research published a note accusing Aurelius’ management of having overstated the value of its investments
02/12/2020
A new narrative for funds transparency by Geoff Cook & Ben Robins
Some centres are already addressing these questions through specialist regimes, expertise and infrastructure for green finance, ESG investing and philanthropy.
02/11/2020
Fraudster jailed for raiding charity pension
TPR seeks to recover money taken to buy overseas property
02/11/2020
Paradise Papers To Help Recover $45m In Lithuanian Bank Conspiracy
Vladimir Romanov allegedly looted millions of dollars from a failed bank that will now be clawed back.