08/13/2019
Heir-hunting for Irish links to deceased diaspora on the rise
More than 500 estates of Irish people waiting to be claimed from UK authorities
Legal, Regulation & Compliance
08/13/2019
$500 Billion in Dividends out of the Double Irish with a Dutch twist (with a bit of Help from Bermuda)
The offshore profits of a lot of U.S. companies were, so to speak, summering in Ireland and wintering in Bermuda.*
08/13/2019
Central Bank Highlights Liquidity Management Obligations
This is in the context of the CBI's continuing engagement with industry on Brexit preparedness, and it stated it will have regard to the Letter as part of its future supervisory engagements.
08/12/2019
Billion-dollar bond scandal hits Goldman Sachs
It’s a taste of the latest scandal to blacken the name of Goldman Sachs.
08/12/2019
Does the reliance of principal trading firms on banks pose a risk to UK financial stability?
The purpose of Bank Overground is to share our internal analysis. Each bite-sized post summarises a piece of analysis that supported a policy or operational decision.
08/12/2019
Draft EU Exit legislation relating to the financial services framework between the UK and Gibraltar
This publication sets out the proposed amendments to UK legislation related to financial services passporting rights between the UK and Gibraltar, to be laid under the EU (Withdrawal) Act.
08/12/2019
Pope caps reform of Vatican bank with new statutes
The bank had been caught in previous years in cases of corruption, tax evasion, embezzlement, money laundering and real estate fraud, some involving top officials and prelates, damaging the Vatican’s ethical credentials.
08/12/2019
Ireland - Update – Beneficial Ownership Reporting Commences
The launch of the Central Register had been delayed to allow for some clarifications regarding the legality of the submission of PPS numbers to the Central Register to verify the identity of the beneficial owners of Relevant Entities.
08/12/2019
Investing in Women Code
The Investing in Women Code is a commitment by financial services firms to improving female entrepreneurs’ access to tools, resources and finance.
08/12/2019
Baker McKenzie misconduct case scheduled for December
Cassels and Blackburn are accused of failing to cause Person A’s complaint to be effectively or independently investigated.
08/11/2019
ABN Amro warns of fines over money laundering in Netherlands
Currently, ABN Amro has over 1,000 staff to combat financial crime.
08/11/2019
FCA bans former adviser over film scheme tax cheat
The film schemes were presented to investors as an opportunity to get tax rebates.
08/09/2019
BDB Pitmans suspends its COO
“BDB Pitmans, like all firms, may from time to time conduct internal investigations in relation to staff members", Smith told RollOnFriday, implying breezily that there was nothing to see here.
08/09/2019
Nationwide refunds £6m to customers following CMA action
Nationwide has committed to refund £6m to affected current account customers after it broke a legal order from the CMA.
08/09/2019
Germany eyes fiscal U-turn with new debt to finance climate plan
Coalition parties want to agree the next steps at the climate cabinet's next meeting on Sept. 20
08/09/2019
EBA opinion on the implementation of the DGSD
The EBA opinion responds to a mandate under the DGSD and covers the eligibility of deposits, coverage level and cooperation between deposit guarantee schemes.
08/09/2019
Central banks need better crypto asset data to contain risk – ECB research
The increase in linkages between the regulated financial sector and crypto assets over time may overwhelm current regulatory and financial frameworks, the research finds.
08/09/2019
Danske's Bid to Stop U.S. Class Action Lawsuit Hits Obstacle
New York judge denies Danske’s motion to dismiss as moot
08/09/2019
Divorcee of oligarch awarded £15m a year as Burford Capital attempts to seize her ex-husband's £250m mega-yacht
She was awarded a 41.5 per cent share of his wealth in the 2016 ruling by Justice Haddon-Cave.
08/09/2019
Draft EU Exit SIs for investment funds and their managers
To be laid under the European Union