01/02/2020
European money intended for Libyan migrants being diverted, laundered
Huge sums of European money have been diverted to intertwined networks of militiamen, traffickers and coast guard members
Legal, Regulation & Compliance
01/02/2020
Rise in new Airbnb lets as landlords flout rules
Extra 1,000 short-term rentals advertised despite homes crisis
01/02/2020
France tells banks not to close expats' accounts because of FATCA
The FATCA international tax code was intended to clamp down on international tax avoidance, but many Americans living abroad have found it has also caused problems for them.
01/02/2020
Five things every separating couple, and their divorce lawyers, need to consider in 2020
Unmarried couples living together are one of the fastest growing family types in the UK
12/31/2019
Romania PM outlines pro-business agenda but sticks by pension rise
He is the fourth premier in three years.
12/30/2019
‘We have a huge problem’: European tech regulator despairs over lack of enforcement
Aside from a €50 million fine that France’s privacy regulator imposed on Google in January, there have been no fines or remedies levied at a U.S. giant since the GDPR came into effect.
12/29/2019
Right of Access under GDPR: Draft Guidance from the UK ICO
Key takeaways
12/29/2019
Retired accountant with a secret past as 'money man for notorious gangsters'
Westminster Magistrates Court heard how Blanchard's involvement began in 1999 when he set up as an "offshore" tax adviser on Tenerife.
12/27/2019
MGA Serious On Money Laundering, Confirms Canceling 18 Operator Licenses
The gambling regulator has also said that it has conducted 597 criminal probity screening tests for both land-based and remote gaming activities.
12/27/2019
Big Four accountants set aside £162m for fines and legal claims
FRC investigating 30 suspected failed audits as government plans more powerful regulator
12/27/2019
Vatican’s million-euro default case: financiers hit back at ‘intrigue’ claims
With millions in euros in Vatican bank cash at stake in a Maltese court case, lawyers for the Holy See are attempting to prevent Futura Investment Management from disposing of its share in a Hungarian property company
12/27/2019
Scottish legal firm sees turnover push towards £12 million
The firm, which has 184 staff, including 33 partners, said the dip reflected investment in the growing GSWM team over the period to support “future, sustainable growth”.
12/26/2019
When Two UK Brokers Go Bust in One Month, Whose Fault is That?
UK investors, at least those with big portfolios, are on the hook if their broker fails.
12/26/2019
The London boroughs where property prices are rising fastest
The average home in London and the south-east also took 73 days to sell, the second longest in Britain behind the north-east of England.
12/26/2019
Following the LIBOR scandal, the EBC has launched its own benchmark interest rate
In 2012, an international investigation confirmed that some banks had been rigging LIBOR to inflate their profits.
12/26/2019
Britain's economic growth to take off in 2020 - once final Brexit deal is complete
The new year should get an immediate boost from extra government spending, firstly on day-to-day consumption and then on investment once more money is ploughed into infrastructure, analysts predict.
12/26/2019
Russian c.bank governor: inflation unlikely to exceed 4% target in 2020 - Interfax
Nabiullina also said the central bank would like to sell banks that it had rescued to private investors.
12/25/2019
European Central Bank Announces New DLT Proof-Of-Concept Called EUROchain
The EUROchain use case is based on a design, as described in the report, which relies on intermediaries that have access to central bank accounts
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.
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”.