11/26/2019
Swiss bankers fined over 1MDB dealings
1MDB is at the centre of money laundering probes in at least six countries, including the United States, Switzerland and Singapore.
Legal, Regulation & Compliance
11/26/2019
Despite Scandal, Cyprus Will Keep Selling Golden Visas, EU Passports
In an interview with the Greek newspaper Kathemerini, Petrides said Low – one of those whose visa, including an EU passport, was stripped – would not have been given a passport under today’s criteria despite reports it was still too leni
11/26/2019
Citi fined £44m by UK watchdog for 'serious' failings
The PRA’s investigation focused on CGML’s capital and leverage returns, CGML’s liquidity returns and CEP UK and CBNA London’s branch returns.
11/26/2019
‘Priceless’ Jewelry, Artifacts Stolen From German Museum
The stolen jewelry is “unique in Europe,” said Dirk Syndram, the director of the Grunes Gewolbe.
11/26/2019
EU should keep its promise of not asking banks for even more capital - ECB
Fully implementing Basel III will have a positive effect on the economy in the long run.
11/26/2019
FCA Steps in to Halt Mini-Bond Sales
Regulator to impose temporary ban on mini-bond sales to retail investors next year amid concerns over the promotion of these high risk and hard-to-understand products
11/26/2019
Rothschild Aided Czech Billionaire in ‘Fraud,’ Hedge Fund Claims
Rothschild helped Vitek quietly take control of Luxembourg-based Orco Property Group so the billionaire could strip it of its most valuable assets
11/26/2019
Trustees Take Comfort - High Court Upholds Broad Scope of Exoneration Clauses
The judgment is also noteworthy in particular for Hong Kong and Australian trustees and beneficiaries.
11/25/2019
Executive director of the Queen’s bank Coutts denies it was an ‘old boys’ club’
Executive director of the Queen‘s bank Coutts denies it was an ‘old boys‘ club‘ and says pay gap exists because ‘there are more men in senior positions‘ amid woman financier‘s £400,000 sexism claim, court he
11/25/2019
Minister for Finance to meet Christine Lagarde at ECB
He will also visit the newly-opened Consulate General of Ireland in the city.
11/25/2019
Fund boards on high alert after Janus Henderson fine
The way funds are run and governed lay at the heart of the Henderson case, say experts, and put the spotlight on new independent directors who started work in September
11/25/2019
Germany wants progress on EU banking union push by December
Eurogroup President Mario Centeno said on Friday the aim was to have a concrete road map in December for negotiating a joint deposit insurance scheme.
11/25/2019
Despite Brexit, London is Tightening Its Grip on Digital Trading
In this article, we’ll put some numbers on the importance of London in the Forex markets, and explore how it has retained its dominant position.
11/25/2019
Ten Arrested in London for Hauling Millions in Suitcases into UAE
The United Arab Emirates has increasingly come under scrutiny for its role in laundering money for criminals.
11/25/2019
IFA Nick King jailed for nicking £600k from own family
A Derbyshire-based financial adviser has been jailed for over six years after being found guilty of stealing more than £600,000 from his own family.
11/25/2019
London broker pleads guilty to conspiring to evade FATCA
FATCA demands foreign financial institutions must make an annual report to the IRS that disclose the details of any accounts controlled by US taxpayers.
11/24/2019
FSB publishes 2019 G-SIB list
BCBS today published updated denominators used to calculate banks’ scores and the values of the underlying twelve indicators for each bank in the assessment sample.
11/22/2019
MEP Casa calls on UAE to fully cooperate on 17 Black
'Clear that 17 Black case is connected to murder'
11/22/2019
EBA publishes its roadmap on the risk reduction measures package
These mandates are mainly focused in the areas of governance and remuneration, large exposures, resolution as well as reporting and disclosure.
11/22/2019
Castle Trust warns brokers to beware after fraudsters clone lender
Castle Trust is warning brokers to be extra vigilant after the lender was cloned by fraudsters.