12/02/2019
Vneshprombank: A lavish lifestyle is no bar to exception
The Commercial Court Judge allowed Mr Bedzhamov to spend £80,000 per month on living expenses.
Legal, Regulation & Compliance
12/02/2019
Cyprus Bar Association’s requirement for annual compliance report
From now on, all compliance officers of obliged entities which are regulated by the Cyprus Bar Association have a duty to electronically submit an annual compliance report
12/02/2019
US seeks to extradite UK tech billionaire Michael Lynch
Autonomy businessman would face charges including securities fraud, wire fraud and conspiracy
12/02/2019
Jury dismissed in Barclays Qatar fraud trial
The high-profile case, the first jury trial involving such senior bankers, took place at Southwark Crown Court before the jury was dismissed on Monday.
12/02/2019
HMRC lacks staff to investigate over 5.7 million offshore tip-offs
HMRC has come under pressure to more actively investigate taxpayers with hidden offshore assets since the 2016 Panama Papers scandal.
12/02/2019
EIOPA publicly consults on its approaches for regulating key aspects of the Pan-European Personal Pension Product (PEPP)
In developing its proposals, EIOPA sought input from the supervisory community of the insurance and pension sectors, the other European Supervisory Authorities, and conducted an active dialogue with EIOPA's stakeholder groups and the Expert Practitio
12/01/2019
FCA consultation on extending SMR to benchmark administrators
The FCA welcomes feedback on the proposals and aims to finalise its approach by Q3 next year.
12/01/2019
Red tape forces Goldman Sachs to stifle retail bank Marcus
Goldman aims to hold less than £25bn in customer deposits, the level at which ring-fencing legislation is triggered.
12/01/2019
FSB publishes final SME financing evaluation report
For the reforms in scope, the evaluation finds no material and persistent negative effects on SME financing in general, although there is some differentiation across jurisdictions.
12/01/2019
EU updates mergers law to enable cross-border restructuring
The new legislation sets out the procedures that businesses will need to follow when engaging in cross-border conversions and divisions
12/01/2019
Germany enacts new laws to protect its companies from China
It has not yet been revealed that the government committee will take steps to save which companies.
11/29/2019
Nigeria gives UK court guarantee for stay on asset seizures in P&ID case
Irish-founded company won $6.6bn arbitration award after gas deal collapsed
11/29/2019
New EU bill on the fourth Money Laundering Directive allows banks to hold and sell Bitcoin
Banks in the EU get an early Christmas gift as the new law will enable them to buy, hold and sell cryptocurrencies.
11/29/2019
Freshfields Head of Tax arrested and jailed as flight risk
The lawyer was Freshfields’ top tax partner until he quit the firm within the last few weeks.
11/29/2019
IDD general good requirements
In order to assist firms, this table includes notes on the application of the FCA Handbook for incoming EEA firms.
11/29/2019
IFRS and updating the Non-Financial Reporting Directive by Steven Maijoor
This will enable investors and other stakeholders to further assess the potential for value creation of issuers.
11/29/2019
EBA publishes guidelines on ICT and security risk management
These Guidelines set out expectations on how all financial institutions should manage internal and external ICT and security risks that they are exposed to.
11/29/2019
Cambodia and Germany sign two cooperative financing agreements
The first 30 million euros concessional loan, which the German side calls the “Reduced Interest Loan,” will be granted through the German Development Bank.
11/28/2019
Nine arrested in Yorkshire over Dubai money-smuggling plot
The organised crime gang is thought to have smuggled millions of pounds out of UK airports, last year.
11/28/2019
US FATCA crackdown pushing demand for tax advice
The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.